Truist Financial Corp Purchases 1,215,063 Shares of The Mosaic Company $MOS

Truist Financial Corp boosted its position in The Mosaic Company (NYSE:MOS) by 60.1% in the third quarter, HoldingsChannel reports. The firm owned 3,237,903 shares of the basic materials company’s stock after buying an additional 1,215,063 shares during the quarter. Truist Financial Corp’s holdings in Mosaic were worth $112,290,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. boosted its stake in shares of Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares during the last quarter. Rothschild Investment LLC lifted its holdings in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the period. Rexford Capital Inc. purchased a new position in Mosaic in the second quarter worth $28,000. True Wealth Design LLC grew its stake in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the period. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Mosaic during the 2nd quarter valued at $31,000. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MOS shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on shares of Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. CIBC decreased their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Scotiabank upped their price objective on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Finally, Royal Bank Of Canada increased their price objective on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Performance

Shares of MOS stock opened at $28.14 on Thursday. The firm’s 50 day moving average is $25.20 and its 200 day moving average is $29.70. The stock has a market capitalization of $8.93 billion, a P/E ratio of 7.29, a PEG ratio of 1.28 and a beta of 0.94. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. On average, sell-side analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.1%. Mosaic’s dividend payout ratio is 22.80%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.