The Mosaic Company $MOS Shares Sold by ING Groep NV

ING Groep NV lessened its holdings in shares of The Mosaic Company (NYSE:MOS) by 93.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,273 shares of the basic materials company’s stock after selling 754,013 shares during the quarter. ING Groep NV’s holdings in Mosaic were worth $1,187,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MOS. AQR Capital Management LLC grew its position in shares of Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after acquiring an additional 7,294,205 shares in the last quarter. Norges Bank acquired a new position in shares of Mosaic in the 4th quarter worth approximately $103,129,000. Merewether Investment Management LP acquired a new position in shares of Mosaic in the 2nd quarter worth approximately $72,380,000. Randolph Co Inc acquired a new position in shares of Mosaic in the 4th quarter worth approximately $33,264,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Mosaic by 11.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock worth $436,140,000 after acquiring an additional 1,285,883 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Trading Down 0.4%

Shares of NYSE MOS opened at $21.30 on Wednesday. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 163.88, a price-to-earnings-growth ratio of 2.53 and a beta of 0.79. The Mosaic Company has a 12-month low of $20.75 and a 12-month high of $38.23. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $23.63 and its 200 day simple moving average is $25.43.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.15). The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.93 billion. Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Equities research analysts expect that The Mosaic Company will post 0.83 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Bank of America lowered Mosaic from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $30.00 in a research report on Friday, March 20th. Wolfe Research decreased their target price on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Royal Bank Of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Finally, Morgan Stanley decreased their target price on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Six investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.47.

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.