PNC Financial Services Group Inc. Has $1.25 Million Stock Position in The Mosaic Company (NYSE:MOS)

PNC Financial Services Group Inc. raised its position in The Mosaic Company (NYSE:MOS) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,641 shares of the basic materials company’s stock after buying an additional 4,012 shares during the period. PNC Financial Services Group Inc.’s holdings in Mosaic were worth $1,249,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after acquiring an additional 1,628,850 shares during the last quarter. Boston Partners lifted its holdings in Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after buying an additional 1,211,544 shares during the period. Swedbank AB bought a new position in Mosaic in the first quarter valued at approximately $37,936,000. Donald Smith & CO. Inc. grew its holdings in Mosaic by 84.7% during the 2nd quarter. Donald Smith & CO. Inc. now owns 2,083,233 shares of the basic materials company’s stock worth $60,205,000 after acquiring an additional 955,199 shares during the period. Finally, AQR Capital Management LLC raised its position in shares of Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after acquiring an additional 435,598 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Mizuho raised their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. Barclays reduced their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.22.

Mosaic Trading Up 1.3 %

Shares of MOS stock opened at $25.73 on Thursday. The Mosaic Company has a twelve month low of $24.11 and a twelve month high of $38.30. The stock’s fifty day simple moving average is $26.45 and its 200 day simple moving average is $27.70. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.17 billion, a P/E ratio of 22.47, a P/E/G ratio of 1.81 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted 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 company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, sell-side analysts predict that The Mosaic Company will post 2.07 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is 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.