KBC Group NV Buys 27,329 Shares of The Mosaic Company (NYSE:MOS)

KBC Group NV grew its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 837,666 shares of the basic materials company's stock after purchasing an additional 27,329 shares during the period. KBC Group NV owned approximately 0.26% of Mosaic worth $20,590,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Brooklyn Investment Group boosted its holdings in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after buying an additional 587 shares in the last quarter. Kimelman & Baird LLC bought a new stake in shares of Mosaic during the 2nd quarter worth $49,000. Blue Trust Inc. grew its holdings in shares of Mosaic by 46.4% in the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock worth $52,000 after acquiring an additional 570 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock worth $48,000 after purchasing an additional 1,809 shares during the period. Finally, CVA Family Office LLC lifted its holdings in shares of Mosaic by 23.2% during the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock valued at $55,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Down 2.4 %

MOS stock traded down $0.70 during mid-day trading on Friday, hitting $27.89. The stock had a trading volume of 3,159,208 shares, compared to its average volume of 4,339,417. The Mosaic Company has a 1-year low of $23.56 and a 1-year high of $33.44. The company has a fifty day moving average of $26.03 and a 200 day moving average of $26.72. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 1.53 and a beta of 1.34.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company's quarterly revenue was down 20.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 EPS. On average, equities analysts expect that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic's previous quarterly dividend of $0.21. Mosaic's payout ratio is presently 74.34%.

Wall Street Analyst Weigh In

MOS has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Mosaic from $30.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Oppenheimer assumed coverage on shares of Mosaic in a report on Thursday, December 12th. They set a "market perform" rating on the stock. Mizuho upped their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Barclays cut shares of Mosaic from an "overweight" rating to an "underweight" rating and lowered their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $35.09.

Mosaic Company 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.