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

Principal Financial Group Inc. increased its stake in shares of The Mosaic Company (NYSE:MOS) by 7.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 392,977 shares of the basic materials company’s stock after purchasing an additional 28,312 shares during the period. Principal Financial Group Inc. owned 0.12% of Mosaic worth $13,628,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MOS. State Street Corp lifted its holdings in shares of Mosaic by 2.0% in the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock worth $476,293,000 after buying an additional 251,496 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mosaic by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 8,216,928 shares of the basic materials company’s stock worth $299,180,000 after acquiring an additional 95,952 shares during the period. Bank of New York Mellon Corp lifted its stake in Mosaic by 102.3% in the 3rd 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 in the last quarter. Norges Bank purchased a new stake in Mosaic in the 2nd quarter worth approximately $158,085,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 1.9% in 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 purchasing an additional 67,362 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Wall Street Analysts Forecast Growth

MOS has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce decreased their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Wells Fargo & Company decreased their target price on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. JPMorgan Chase & Co. lowered their price target on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. UBS Group cut their price objective on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, Barclays lowered their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Seven analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average target price of $31.50.

Mosaic Price Performance

Shares of Mosaic stock opened at $30.15 on Wednesday. The firm has a market capitalization of $9.57 billion, a PE ratio of 7.81, a price-to-earnings-growth ratio of 1.33 and a beta of 0.97. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The business’s 50-day moving average price is $25.95 and its 200-day moving average price is $29.16.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid 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 dividend yield of 2.9%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

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.