OLD National Bancorp IN Increases Stock Holdings in The Mosaic Company (NYSE:MOS)

OLD National Bancorp IN grew its holdings in shares of The Mosaic Company (NYSE:MOS) by 33.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 291,605 shares of the basic materials company’s stock after purchasing an additional 73,653 shares during the period. OLD National Bancorp IN owned about 0.09% of Mosaic worth $7,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its position in Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after buying an additional 178,844 shares during the period. Two Sigma Advisers LP grew its stake in Mosaic by 40.6% during the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after purchasing an additional 359,760 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Mosaic by 32.1% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after buying an additional 668,347 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MOS. Morgan Stanley reduced their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC initiated coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Finally, Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and dropped their price objective for the company from $30.00 to $27.00 in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.09.

Mosaic Stock Down 0.3 %

Shares of NYSE MOS opened at $28.59 on Friday. The business has a 50-day moving average price of $26.00 and a 200 day moving average price of $26.75. The stock has a market cap of $9.08 billion, a PE ratio of 25.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52-week low of $23.56 and a 52-week high of $33.44.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.68 earnings per share. Equities research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Mosaic Profile

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.