Principal Financial Group Inc. Has $10.87 Million Holdings in The Mosaic Company (NYSE:MOS)

Principal Financial Group Inc. cut its position in shares of The Mosaic Company (NYSE:MOS) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 405,774 shares of the basic materials company’s stock after selling 8,351 shares during the quarter. Principal Financial Group Inc.’s holdings in Mosaic were worth $10,867,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares during the period. Moors & Cabot Inc. boosted its stake in Mosaic by 5.0% during the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 382 shares in the last quarter. CVA Family Office LLC boosted its stake in Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares in the last quarter. CX Institutional boosted its stake in Mosaic by 1.5% during the second quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after acquiring an additional 418 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake 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 in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on MOS shares. Barclays cut their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Mizuho increased their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.22.

Mosaic Stock Up 0.2 %

Mosaic stock opened at $26.38 on Monday. The Mosaic Company has a 1-year low of $24.11 and a 1-year high of $38.30. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. The firm’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $27.89. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm’s quarterly revenue was down 20.8% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. On average, equities research analysts predict that The Mosaic Company will post 2.21 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.18%. Mosaic’s dividend payout ratio is currently 74.34%.

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.