Fifth Third Bancorp Has $527,000 Holdings in The Mosaic Company (NYSE:MOS)

Fifth Third Bancorp lifted its holdings in The Mosaic Company (NYSE:MOS) by 84.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,444 shares of the basic materials company’s stock after purchasing an additional 9,805 shares during the period. Fifth Third Bancorp’s holdings in Mosaic were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of MOS. Geode Capital Management LLC lifted its position in Mosaic by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares during the last quarter. Two Sigma Advisers LP lifted its position in Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after acquiring an additional 947,500 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after acquiring an additional 986,812 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Mosaic by 13.9% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock worth $78,717,000 after acquiring an additional 359,760 shares during the last quarter. Finally, Donald Smith & CO. Inc. lifted its position in Mosaic by 32.1% during the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock worth $73,687,000 after acquiring an additional 668,347 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $28.59 on Friday. The stock has a market cap of $9.08 billion, a P/E ratio of 25.30, a PEG ratio of 1.49 and a beta of 1.34. The company’s 50-day simple moving average is $26.00 and its 200 day simple moving average is $26.75. The Mosaic Company has a twelve month low of $23.56 and a twelve month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. Mosaic’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 earnings per share. As a group, research analysts forecast that The Mosaic Company will post 2.05 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.08%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio is currently 74.34%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Barclays lowered shares of Mosaic from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. Piper Sandler upped their price objective on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Finally, Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.09.

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.