KBC Group NV Has $20.59 Million Stock Position in The Mosaic Company (NYSE:MOS)

KBC Group NV lifted its position in The Mosaic Company (NYSE:MOS) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 837,666 shares of the basic materials company’s stock after buying an additional 27,329 shares during the quarter. KBC Group NV owned about 0.26% of Mosaic worth $20,590,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after acquiring an additional 178,844 shares during the period. Two Sigma Advisers LP grew its holdings in Mosaic by 40.6% during the third quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock worth $87,817,000 after purchasing an additional 947,500 shares during the period. Charles Schwab Investment Management Inc. increased its position in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after buying an additional 986,812 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in Mosaic by 13.9% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company’s stock valued at $78,717,000 after buying an additional 359,760 shares during the period. Finally, Donald Smith & CO. Inc. lifted its position in shares of Mosaic by 32.1% in the third quarter. Donald Smith & CO. Inc. now owns 2,751,580 shares of the basic materials company’s stock valued at $73,687,000 after buying an additional 668,347 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MOS has been the topic of a number of research analyst reports. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Piper Sandler raised their price objective on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday. 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, November 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and an average target price of $35.09.

Mosaic Price Performance

Shares of NYSE MOS opened at $28.21 on Wednesday. The stock has a market capitalization of $8.96 billion, a PE ratio of 24.96, a P/E/G ratio of 1.49 and a beta of 1.34. The Mosaic Company has a fifty-two week low of $23.56 and a fifty-two week high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The business has a fifty day moving average price of $25.88 and a two-hundred day moving average price of $26.72.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the company earned $0.68 EPS. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, equities analysts predict that The Mosaic Company will post 2.05 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is currently 77.88%.

Mosaic 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.