Truist Financial Corp Buys 4,152 Shares of The Mosaic Company (NYSE:MOS)

Truist Financial Corp increased its stake in shares of The Mosaic Company (NYSE:MOS) by 39.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 14,553 shares of the basic materials company’s stock after buying an additional 4,152 shares during the period. Truist Financial Corp’s holdings in Mosaic were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after buying an additional 1,893,797 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after buying an additional 10,124,427 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Mosaic by 34.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after buying an additional 1,628,850 shares during the period. AQR Capital Management LLC boosted its holdings 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 worth $95,691,000 after buying an additional 435,598 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings in shares of Mosaic by 13.6% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock worth $74,552,000 after buying an additional 308,110 shares during the period. Institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Barclays dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Mizuho dropped their price objective on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Monday, August 12th. Finally, UBS Group dropped their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $33.11.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Mosaic Price Performance

Shares of NYSE:MOS opened at $25.97 on Friday. The firm has a 50 day moving average of $26.74 and a 200-day moving average of $28.57. The stock has a market capitalization of $8.35 billion, a PE ratio of 11.05, a PEG ratio of 1.54 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 12 month low of $24.11 and a 12 month high of $38.30.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. Mosaic’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, equities research analysts predict that The Mosaic Company will post 2.34 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s payout ratio is presently 35.74%.

Mosaic Company Profile

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.