Fifth Third Bancorp Increases Stock Position in The Mosaic Company $MOS

Fifth Third Bancorp boosted its position in The Mosaic Company (NYSE:MOS) by 432.4% during the first quarter, Holdings Channel.com reports. The fund owned 126,414 shares of the basic materials company’s stock after acquiring an additional 102,668 shares during the period. Fifth Third Bancorp’s holdings in Mosaic were worth $3,224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC increased its holdings in Mosaic by 27.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association purchased a new position in shares of Mosaic during the first quarter valued at approximately $201,000. Empowered Funds LLC raised its holdings in shares of Mosaic by 170.5% during the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 34,151 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 7,760 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in Mosaic by 169.3% in 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. 77.54% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MOS shares. Weiss Ratings cut shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, May 12th. UBS Group dropped their target price on shares of Mosaic from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Freedom Capital upgraded shares of Mosaic from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, June 17th. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a research note on Tuesday, May 19th. Finally, Canadian Imperial Bank of Commerce set a $25.00 price objective on shares of Mosaic in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.11.

Mosaic Trading Up 0.1%

NYSE:MOS opened at $22.15 on Monday. The firm has a market capitalization of $7.03 billion, a P/E ratio of 170.40, a PEG ratio of 2.63 and a beta of 0.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.25 and a quick ratio of 0.45. The Mosaic Company has a one year low of $19.80 and a one year high of $37.53. The company’s 50-day simple moving average is $22.10 and its 200 day simple moving average is $24.94.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period in the prior year, the business posted $0.49 EPS. Mosaic’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, analysts forecast that The Mosaic Company will post 0.83 EPS for the current fiscal year.

Mosaic 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.