Truist Financial Corp Has $6.83 Million Stock Position in The Mosaic Company $MOS

Truist Financial Corp reduced its stake in The Mosaic Company (NYSE:MOS) by 91.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 283,473 shares of the basic materials company’s stock after selling 2,954,430 shares during the period. Truist Financial Corp’s holdings in Mosaic were worth $6,829,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in Mosaic in the second quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new position in Mosaic in the second quarter valued at approximately $34,000. Geneos Wealth Management Inc. lifted its stake in 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 buying an additional 601 shares during the period. Smartleaf Asset Management LLC lifted its stake in 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 buying an additional 415 shares during the period. Finally, Foster Dykema Cabot & Partners LLC lifted its stake in 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 buying an additional 407 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on Mosaic from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Mizuho dropped their price target on Mosaic from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 15th. Berenberg Bank dropped their price target on Mosaic from $38.00 to $28.00 and set a “hold” rating on the stock in a research note on Tuesday, May 5th. Wells Fargo & Company dropped their price target on Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.31.

Mosaic Trading Down 3.1%

NYSE MOS opened at $22.21 on Friday. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 1.33 and a beta of 0.79. The Mosaic Company has a 52 week low of $22.17 and a 52 week high of $38.23. The business has a 50 day moving average price of $25.63 and a 200-day moving average price of $26.17. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. As a group, equities analysts expect that The Mosaic Company will post 1.56 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 4.0%. Mosaic’s payout ratio is currently 52.07%.

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.