The Mosaic Company (NYSE:MOS) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its position in The Mosaic Company (NYSE:MOS) by 33.8% in the 4th quarter, Holdings Channel reports. The fund owned 291,605 shares of the basic materials company’s stock after acquiring an additional 73,653 shares during the period. OLD National Bancorp IN’s holdings in Mosaic were worth $7,168,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. lifted its position in Mosaic by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares during the period. CVA Family Office LLC boosted its stake in shares of Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock valued at $55,000 after buying an additional 384 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in Mosaic by 5.1% during the third quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 426 shares during the period. GAMMA Investing LLC raised its position in Mosaic by 5.8% in the third quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 517 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 570 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 0.3 %

Mosaic stock opened at $28.59 on Friday. The stock has a market cap of $9.08 billion, a PE ratio of 25.30, a P/E/G ratio of 1.53 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $26.00 and a 200 day moving average price of $26.75. The Mosaic Company has a 52 week low of $23.56 and a 52 week high of $33.44.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. Equities research analysts predict that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.08%. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 74.34%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target on the stock. Morgan Stanley reduced their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Oppenheimer began coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.09.

Mosaic Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.