First Citizens Bank & Trust Co. Has $3.81 Million Stock Position in The Mosaic Company $MOS

First Citizens Bank & Trust Co. lowered its stake in The Mosaic Company (NYSE:MOS) by 18.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 104,439 shares of the basic materials company’s stock after selling 23,707 shares during the period. First Citizens Bank & Trust Co.’s holdings in Mosaic were worth $3,810,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Ancora Advisors LLC increased its position in shares of Mosaic by 0.9% in the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company’s stock worth $1,087,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC increased its position in shares of Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. Twin Capital Management Inc. increased its position in shares of Mosaic by 2.7% in the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company’s stock worth $394,000 after purchasing an additional 384 shares during the period. UMB Bank n.a. increased its position in shares of Mosaic by 25.7% in the second quarter. UMB Bank n.a. now owns 1,893 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 387 shares during the period. Finally, Abundance Wealth Counselors increased its position in shares of Mosaic by 1.8% in the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after purchasing an additional 413 shares during the period. Institutional investors own 77.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MOS. Oppenheimer set a $40.00 price target on Mosaic in a research report on Wednesday. UBS Group decreased their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Bank of America decreased their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company decreased their target price on Mosaic from $34.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $35.23.

Mosaic Stock Performance

NYSE:MOS opened at $29.63 on Friday. The stock has a market cap of $9.40 billion, a P/E ratio of 10.04, a price-to-earnings-growth ratio of 0.97 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $32.89 and its 200-day moving average is $33.25. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last released 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 firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The business’s revenue for the quarter was up 6.7% on a year-over-year basis. 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 company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, September 8th. Mosaic’s payout ratio is 29.83%.

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.