Principal Financial Group Inc. Boosts Stock Holdings in The Mosaic Company $MOS

Principal Financial Group Inc. lifted its stake in The Mosaic Company (NYSE:MOS) by 7.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 392,977 shares of the basic materials company’s stock after buying an additional 28,312 shares during the period. Principal Financial Group Inc.’s holdings in Mosaic were worth $13,628,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its stake in Mosaic by 2.0% in the 2nd quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock worth $476,293,000 after purchasing an additional 251,496 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mosaic by 1.2% in the second quarter. Geode Capital Management LLC now owns 8,216,928 shares of the basic materials company’s stock worth $299,180,000 after purchasing an additional 95,952 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 3,894,947 shares during the period. Norges Bank bought a new stake in Mosaic during the 2nd quarter valued at $158,085,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Mosaic by 1.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,662,814 shares of the basic materials company’s stock valued at $133,619,000 after buying an additional 67,362 shares during the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on MOS shares. Bank of America cut their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. UBS Group cut their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. BNP Paribas Exane lowered their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $36.00 price objective for the company in a report on Monday, February 2nd. Finally, Morgan Stanley boosted their target price on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Up 2.0%

MOS stock opened at $30.15 on Wednesday. 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 market capitalization of $9.57 billion, a price-to-earnings ratio of 7.81, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The business’s 50 day moving average price is $25.95 and its two-hundred day moving average price is $29.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.40 and a current ratio of 1.14.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 2.9%. Mosaic’s dividend payout ratio (DPR) is currently 22.80%.

About Mosaic

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.