OLD National Bancorp IN Buys 15,988 Shares of The Mosaic Company $MOS

Key Points

• OLD National Bancorp IN increased its stake in The Mosaic Company by 5.4%, acquiring an additional 15,988 shares to reach a total of 311,683 shares valued at approximately $11.37 million.
• The Mosaic Company reported earnings of $0.51 per share for the latest quarter, which fell short of analyst expectations of $0.71 by $0.20.
• Mosaic recently announced a quarterly dividend of $0.22 per share, resulting in an annualized yield of 2.5% with a payout ratio of 29.83%.

OLD National Bancorp IN grew its stake in The Mosaic Company (NYSE:MOS - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,683 shares of the basic materials company's stock after purchasing an additional 15,988 shares during the quarter. OLD National Bancorp IN owned approximately 0.10% of Mosaic worth $11,370,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Bangor Savings Bank bought a new stake in Mosaic during the second quarter worth $26,000. Reyes Financial Architecture Inc. bought a new stake in Mosaic during the second quarter worth $31,000. Geneos Wealth Management Inc. lifted its holdings in 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 acquiring an additional 601 shares during the period. NBC Securities Inc. bought a new stake in Mosaic during the first quarter worth $26,000. Finally, Compagnie Lombard Odier SCmA bought a new stake in Mosaic during the first quarter worth $27,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Price Performance

Shares of NYSE MOS opened at $34.52 on Friday. The stock has a market cap of $10.95 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 1.60 and a beta of 1.00. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The stock has a fifty day moving average of $33.65 and a 200-day moving average of $32.85.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analysts' expectations of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. Mosaic's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, September 8th. Mosaic's payout ratio is presently 29.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MOS. Oppenheimer reiterated an "outperform" rating and set a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. JPMorgan Chase & Co. raised their target price on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a research report on Monday, July 14th. Wells Fargo & Company decreased their target price on Mosaic from $38.00 to $34.00 and set an "equal weight" rating for the company in a research report on Thursday, August 7th. Finally, Zacks Research raised Mosaic from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $36.42.

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.

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