Comerica Bank Purchases 37,986 Shares of The Mosaic Company $MOS

Comerica Bank lifted its position in shares of The Mosaic Company (NYSE:MOS) by 53.6% during the fourth quarter, HoldingsChannel reports. The firm owned 108,861 shares of the basic materials company’s stock after buying an additional 37,986 shares during the quarter. Comerica Bank’s holdings in Mosaic were worth $2,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. True Wealth Design LLC boosted its position in shares of Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Mosaic during the second quarter worth $31,000. Mather Group LLC. bought a new position in shares of Mosaic during the third quarter worth $31,000. MUFG Securities EMEA plc bought a new position in shares of Mosaic during the second quarter worth $34,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Trading Down 0.8%

MOS opened at $22.97 on Tuesday. The stock has a market capitalization of $7.29 billion, a P/E ratio of 13.59, a P/E/G ratio of 1.39 and a beta of 0.79. The Mosaic Company has a 12 month low of $22.74 and a 12 month high of $38.23. The firm’s fifty day simple moving average is $25.96 and its 200 day simple moving average is $26.30. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The business had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, research analysts anticipate that The Mosaic Company will post 1.56 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, May 21st. Mosaic’s payout ratio is presently 52.07%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MOS shares. Wolfe Research cut their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $30.00 in a research report on Friday, March 20th. BNP Paribas Exane cut their price objective on shares of Mosaic from $35.00 to $33.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Wall Street Zen cut shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Finally, JPMorgan Chase & Co. cut shares of Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price objective on the stock. in a research report on Thursday, February 26th. Four investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $29.40.

Mosaic Company Profile

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.