The Mosaic Company $MOS Stake Decreased by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. lessened its stake in The Mosaic Company (NYSE:MOS) by 39.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 54,148 shares of the basic materials company’s stock after selling 35,091 shares during the period. First Citizens Bank & Trust Co.’s holdings in Mosaic were worth $1,172,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Riversedge Advisors LLC acquired a new position in Mosaic in the 3rd quarter valued at approximately $201,000. GAMMA Investing LLC lifted its position in shares of Mosaic by 38.0% in the 3rd quarter. GAMMA Investing LLC now owns 21,460 shares of the basic materials company’s stock worth $465,000 after acquiring an additional 5,914 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Mosaic by 136.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 15,352 shares of the basic materials company’s stock worth $332,000 after acquiring an additional 8,854 shares during the period. Plan A Wealth LLC grew its holdings in shares of Mosaic by 4.0% during the 3rd quarter. Plan A Wealth LLC now owns 16,105 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 620 shares in the last quarter. Finally, Ridgewood Investments LLC grew its holdings in shares of Mosaic by 10.2% during the 3rd quarter. Ridgewood Investments LLC now owns 61,736 shares of the basic materials company’s stock worth $1,337,000 after purchasing an additional 5,724 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the transaction, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by company insiders.

Mosaic Stock Down 0.1%

Shares of NYSE MOS opened at $19.00 on Friday. The Mosaic Company has a 52-week low of $18.41 and a 52-week high of $32.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. The business has a fifty day moving average of $23.08 and a two-hundred day moving average of $22.97. The stock has a market cap of $6.04 billion, a PE ratio of 13.20, a PEG ratio of 5.39 and a beta of 0.91.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, equities research analysts expect that The Mosaic Company will post 0.34 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Thursday, September 10th. Mosaic’s dividend payout ratio (DPR) is currently -43.56%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MOS shares. Royal Bank Of Canada restated a “sector perform” rating and set a $25.00 price objective (down from $27.00) on shares of Mosaic in a research report on Monday, October 5th. Mizuho cut their target price on Mosaic from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 21st. HSBC reduced their target price on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. Finally, BMO Capital Markets decreased their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 30th. Six research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $26.89.

About Mosaic

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to support plant growth, improve yields and replenish essential nutrients in agricultural soils. Mosaic also produces phosphate-based animal feed ingredients and other crop nutrition products.

Mosaic operates an integrated business that includes mining, processing, manufacturing and distribution. Its phosphate operations are primarily located in the United States, while its potash operations include mining assets in Canada and the United States.