The Mosaic Company (NYSE:MOS) Shares Sold by ING Groep NV

ING Groep NV lessened its stake in The Mosaic Company (NYSE:MOS) by 11.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 374,319 shares of the basic materials company’s stock after selling 46,928 shares during the quarter. ING Groep NV owned 0.12% of Mosaic worth $10,024,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Highlander Capital Management LLC grew its holdings in Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 670 shares in the last quarter. Blue Trust Inc. increased its holdings in Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Mosaic in the second quarter valued at $46,000. Kimelman & Baird LLC purchased a new stake in Mosaic during the 2nd quarter worth about $49,000. Finally, CVA Family Office LLC boosted its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Stock Performance

NYSE MOS opened at $26.32 on Friday. The business’s 50-day moving average price is $26.37 and its 200 day moving average price is $27.96. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market cap of $8.39 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.65 and a beta of 1.35. The Mosaic Company has a 52-week low of $24.11 and a 52-week high of $38.30.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. On average, equities research analysts expect that The Mosaic Company will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MOS shares. Wells Fargo & Company cut their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Mizuho raised their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Barclays lowered their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $33.22.

About Mosaic

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.