ING Groep NV Has $20.23 Million Stake in The Mosaic Company (NYSE:MOS)

ING Groep NV grew its stake in shares of The Mosaic Company (NYSE:MOSFree Report) by 58.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 566,095 shares of the basic materials company’s stock after buying an additional 208,830 shares during the period. ING Groep NV owned approximately 0.17% of Mosaic worth $20,227,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MOS. Fifth Third Bancorp lifted its position in Mosaic by 24.2% in the third quarter. Fifth Third Bancorp now owns 10,841 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 2,112 shares during the period. Teacher Retirement System of Texas boosted its position in shares of Mosaic by 0.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 237,257 shares of the basic materials company’s stock valued at $8,446,000 after acquiring an additional 785 shares in the last quarter. New Mexico Educational Retirement Board increased its stake in Mosaic by 4.2% in the third quarter. New Mexico Educational Retirement Board now owns 17,250 shares of the basic materials company’s stock valued at $614,000 after acquiring an additional 700 shares during the period. Daiwa Securities Group Inc. raised its position in Mosaic by 6.8% in the third quarter. Daiwa Securities Group Inc. now owns 27,784 shares of the basic materials company’s stock worth $989,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in Mosaic by 10.7% during the third quarter. Mesirow Institutional Investment Management Inc. now owns 50,925 shares of the basic materials company’s stock worth $1,813,000 after purchasing an additional 4,920 shares during the period. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 0.5 %

Shares of NYSE MOS traded down $0.16 during midday trading on Friday, hitting $30.61. The stock had a trading volume of 2,375,190 shares, compared to its average volume of 4,684,905. The firm has a market cap of $9.85 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 1.62 and a beta of 1.51. The Mosaic Company has a fifty-two week low of $27.83 and a fifty-two week high of $42.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The company’s 50-day simple moving average is $31.11 and its 200 day simple moving average is $32.74.

Mosaic (NYSE:MOSGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. Mosaic’s revenue for the quarter was down 25.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. Research analysts anticipate that The Mosaic Company will post 2.72 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a yield of 2.74%. Mosaic’s dividend payout ratio is currently 35.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MOS shares. Barclays lowered their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. Piper Sandler cut their price objective on Mosaic from $32.00 to $29.00 and set an “underweight” rating for the company in a report on Tuesday, May 7th. Wells Fargo & Company boosted their target price on shares of Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. TheStreet cut shares of Mosaic from a “b-” rating to a “c+” rating in a research report on Tuesday, February 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.36.

Get Our Latest Stock Analysis on Mosaic

Mosaic Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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