The Mosaic Company $MOS Shares Sold by OLD National Bancorp IN

Key Points

• OLD National Bancorp IN trimmed its stake in The Mosaic Company by 75.9% in Q4, selling 206,752 shares and leaving 65,783 shares worth roughly $1.585 million.
• Mosaic missed quarterly EPS estimates ($0.22 vs. $0.48) and reported revenue of $2.97 billion, while the stock trades with a PE of 14.21 and a market capitalization near $7.63 billion.
• The company declared a quarterly dividend of $0.22 per share (annualized $0.88, ~3.7% yield) as several brokerages cut ratings or price targets; the consensus rating is Hold with a $29.73 target.

OLD National Bancorp IN trimmed its position in The Mosaic Company (NYSE:MOS - Free Report) by 75.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 65,783 shares of the basic materials company's stock after selling 206,752 shares during the period. OLD National Bancorp IN's holdings in Mosaic were worth $1,585,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MOS. AQR Capital Management LLC lifted its position in Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company's stock worth $291,348,000 after purchasing an additional 7,294,205 shares during the period. Bank of New York Mellon Corp lifted its position in Mosaic by 102.3% in the third quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company's stock worth $267,092,000 after purchasing an additional 3,894,947 shares during the period. Merewether Investment Management LP acquired a new stake in Mosaic in the second quarter worth approximately $72,380,000. Dimensional Fund Advisors LP lifted its position in Mosaic by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company's stock worth $436,140,000 after purchasing an additional 1,285,883 shares during the period. Finally, Truist Financial Corp lifted its position in shares of Mosaic by 60.1% during the 3rd quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company's stock valued at $112,290,000 after acquiring an additional 1,215,063 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Price Performance

Shares of NYSE:MOS opened at $24.02 on Friday. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $26.65. The company has a market capitalization of $7.63 billion, a PE ratio of 14.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. The Mosaic Company has a one year low of $23.06 and a one year high of $38.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32.

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

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 21st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.7%. Mosaic's payout ratio is currently 52.07%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MOS. Morgan Stanley cut their price objective on Mosaic from $35.00 to $28.00 and set an "equal weight" rating for the company in a research report on Thursday, February 26th. Freedom Capital downgraded Mosaic from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 19th. UBS Group downgraded Mosaic from a "buy" rating to a "neutral" rating and cut their price objective for the company from $33.00 to $27.00 in a research report on Thursday, March 26th. JPMorgan Chase & Co. downgraded Mosaic from a "neutral" rating to an "underweight" rating and set a $24.00 price objective for the company. in a research report on Thursday, February 26th. Finally, Wells Fargo & Company cut their price objective on Mosaic from $27.00 to $25.00 and set an "equal weight" rating for the company in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.73.

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.

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