Keybank National Association OH Grows Position in The Mosaic Company $MOS

Keybank National Association OH boosted its stake in shares of The Mosaic Company (NYSE:MOS) by 164.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,496 shares of the basic materials company’s stock after purchasing an additional 27,672 shares during the period. Keybank National Association OH’s holdings in Mosaic were worth $1,623,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MOS. Boston Partners grew its position in Mosaic by 42.2% during the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after purchasing an additional 2,368,094 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in Mosaic during the 1st quarter worth approximately $54,953,000. Truist Financial Corp grew its position in Mosaic by 13,275.9% during the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after purchasing an additional 2,007,717 shares during the last quarter. GMT Capital Corp purchased a new stake in Mosaic during the 1st quarter worth approximately $47,211,000. Finally, Nuveen LLC purchased a new stake in Mosaic during the 1st quarter worth approximately $33,897,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS opened at $27.45 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The firm has a fifty day moving average price of $32.45 and a 200 day moving average price of $33.59. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The stock has a market cap of $8.71 billion, a P/E ratio of 9.30, a P/E/G ratio of 0.94 and a beta of 1.00.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is currently 29.83%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Scotiabank downgraded shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $39.00 to $34.00 in a report on Friday, October 10th. Bank of America dropped their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, October 14th. Mizuho set a $34.00 price objective on shares of Mosaic in a report on Monday, October 20th. Zacks Research downgraded shares of Mosaic from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. Finally, Oppenheimer set a $40.00 price objective on shares of Mosaic in a report on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $35.23.

About Mosaic

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.