Truist Financial Corp Reduces Position in The Mosaic Company (NYSE:MOS)

Truist Financial Corp trimmed its position in The Mosaic Company (NYSE:MOS) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,219 shares of the basic materials company’s stock after selling 1,833 shares during the quarter. Truist Financial Corp’s holdings in Mosaic were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after purchasing an additional 178,844 shares during the period. Two Sigma Advisers LP lifted its stake in Mosaic by 40.6% in the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after buying an additional 947,500 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after acquiring an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC grew its position in shares of Mosaic by 13.9% during the third 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, Swedbank AB increased its holdings in shares of Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after acquiring an additional 117,838 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 4.7 %

MOS opened at $24.18 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 12 month low of $22.48 and a 12 month high of $33.44. The stock has a market capitalization of $7.68 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.42 and a beta of 1.34. The business has a 50 day simple moving average of $26.19 and a 200-day simple moving average of $26.34.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 160.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley reduced their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Royal Bank of Canada upped their price objective on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $29.00 in a research report on Monday. Oppenheimer began coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. Finally, CIBC started coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.70.

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.