PNC Financial Services Group Inc. Decreases Stock Position in The Mosaic Company $MOS

PNC Financial Services Group Inc. cut its position in The Mosaic Company (NYSE:MOS) by 32.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,778 shares of the basic materials company’s stock after selling 21,402 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Mosaic were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic in the second quarter valued at $31,000. MUFG Securities EMEA plc purchased a new position in shares of Mosaic in the second quarter valued at $34,000. Geneos Wealth Management Inc. boosted its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Mosaic by 57.6% in the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 415 shares during the period. Finally, Foster Dykema Cabot & Partners LLC boosted its stake in shares of Mosaic by 54.3% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 407 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MOS. UBS Group decreased their target price on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, May 12th. Berenberg Bank decreased their target price on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a research note on Tuesday, May 12th. Freedom Capital downgraded shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 19th. Finally, BMO Capital Markets reduced their price objective on shares of Mosaic from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $27.47.

Mosaic Trading Down 0.5%

NYSE MOS opened at $23.93 on Friday. The Mosaic Company has a 12 month low of $20.89 and a 12 month high of $38.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 184.11, a price-to-earnings-growth ratio of 2.85 and a beta of 0.79. The company’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $25.56.

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

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Thursday, May 21st. Mosaic’s dividend payout ratio is 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.