PNC Financial Services Group Inc. Raises Stock Holdings in The Mosaic Company (NYSE:MOS)

PNC Financial Services Group Inc. raised its holdings in The Mosaic Company (NYSE:MOS) by 9.4% in the third quarter, Holdings Channel reports. The firm owned 46,641 shares of the basic materials company’s stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MOS. Lazard Asset Management LLC grew its holdings in Mosaic by 37.4% during the 1st quarter. Lazard Asset Management LLC now owns 16,803 shares of the basic materials company’s stock valued at $544,000 after buying an additional 4,574 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Mosaic during the first quarter worth about $386,000. Janus Henderson Group PLC increased its position in shares of Mosaic by 7.6% in the first quarter. Janus Henderson Group PLC now owns 196,328 shares of the basic materials company’s stock worth $6,372,000 after purchasing an additional 13,898 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Mosaic by 681.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 72,390 shares of the basic materials company’s stock valued at $2,577,000 after buying an additional 63,129 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Mosaic by 1.3% during the 1st quarter. California State Teachers Retirement System now owns 568,032 shares of the basic materials company’s stock valued at $18,438,000 after purchasing an additional 7,497 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Trading Up 1.3 %

Mosaic stock opened at $25.73 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 firm’s 50 day moving average price is $26.45 and its 200-day moving average price is $27.70. The Mosaic Company has a 1 year low of $24.11 and a 1 year high of $38.30. The stock has a market cap of $8.17 billion, a P/E ratio of 22.47, a PEG ratio of 1.81 and a beta of 1.35.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm earned $0.68 EPS. The business’s revenue was down 20.8% compared to the same quarter last year. On average, equities analysts predict that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, December 5th. Mosaic’s payout ratio is 74.34%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MOS shares. Mizuho increased their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Wells Fargo & Company lowered their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Barclays dropped their price objective on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.22.

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.