Truist Financial Corp Purchases 1,215,063 Shares of The Mosaic Company $MOS

Truist Financial Corp grew its position in The Mosaic Company (NYSE:MOS) by 60.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,237,903 shares of the basic materials company’s stock after purchasing an additional 1,215,063 shares during the quarter. Truist Financial Corp owned approximately 1.02% of Mosaic worth $112,290,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Mosaic during the second quarter valued at $158,085,000. Merewether Investment Management LP bought a new stake in shares of Mosaic during the 2nd quarter valued at about $72,380,000. Bank of New York Mellon Corp grew its stake in Mosaic by 100.9% during the second quarter. Bank of New York Mellon Corp now owns 3,806,663 shares of the basic materials company’s stock worth $138,867,000 after purchasing an additional 1,912,064 shares during the period. Envestnet Asset Management Inc. grew its stake in Mosaic by 1,298.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,157,804 shares of the basic materials company’s stock worth $42,237,000 after purchasing an additional 1,075,038 shares during the period. Finally, GMT Capital Corp increased its holdings in Mosaic by 58.2% in the second quarter. GMT Capital Corp now owns 2,764,900 shares of the basic materials company’s stock worth $100,864,000 after purchasing an additional 1,017,000 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MOS. Bank of America reduced their price objective on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Wolfe Research reduced their price target on shares of Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Royal Bank Of Canada lifted their price target on shares of Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 20th. UBS Group reduced their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a research report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $31.50.

Mosaic Price Performance

Shares of NYSE MOS opened at $28.14 on Thursday. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 7.29, a PEG ratio of 1.28 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm’s 50-day simple moving average is $25.20 and its 200 day simple moving average is $29.70.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The company’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 EPS. As a group, research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.1%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Mosaic 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.