The Mosaic Company $MOS Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its position in The Mosaic Company (NYSE:MOS) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,778 shares of the basic materials company’s stock after selling 21,402 shares during the period. PNC Financial Services Group Inc.’s holdings in Mosaic were worth $1,079,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after buying an additional 461,524 shares during the last quarter. State Street Corp increased its position in Mosaic by 2.0% during the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock worth $476,293,000 after purchasing an additional 251,496 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mosaic by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after purchasing an additional 1,285,883 shares during the last quarter. Invesco Ltd. increased its position in Mosaic by 3.7% during the third quarter. Invesco Ltd. now owns 9,186,429 shares of the basic materials company’s stock worth $318,585,000 after purchasing an additional 331,739 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in Mosaic by 632.6% during the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after purchasing an additional 7,294,205 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MOS shares. The Goldman Sachs Group dropped their price target on shares of Mosaic from $31.00 to $28.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. BNP Paribas Exane dropped their price target on shares of Mosaic from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a research report on Tuesday, May 12th. Freedom Capital lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 19th. Finally, Mizuho dropped their price target on shares of Mosaic from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Six analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.47.

Mosaic Price Performance

Mosaic stock opened at $23.93 on Friday. The Mosaic Company has a 52-week low of $20.89 and a 52-week high of $38.23. The firm has a fifty day moving average of $23.97 and a 200-day moving average of $25.56. The firm has a market capitalization of $7.60 billion, a P/E ratio of 184.11, a PEG ratio of 2.85 and a beta of 0.79. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $0.49 EPS. Mosaic’s revenue was up 14.4% on a year-over-year basis. As a group, analysts predict that The Mosaic Company will post 0.83 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.7%. Mosaic’s dividend payout ratio is presently 676.92%.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.