KBC Group NV Sells 109,996 Shares of The Mosaic Company $MOS

KBC Group NV cut its position in shares of The Mosaic Company (NYSE:MOS) by 30.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 255,137 shares of the basic materials company’s stock after selling 109,996 shares during the period. KBC Group NV’s holdings in Mosaic were worth $6,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in Mosaic by 87.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after purchasing an additional 175,914 shares during the period. Assenagon Asset Management S.A. bought a new stake in Mosaic in the fourth quarter valued at approximately $1,302,000. Thompson Siegel & Walmsley LLC lifted its position in shares of Mosaic by 35.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock valued at $71,746,000 after buying an additional 785,057 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after buying an additional 461,524 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Mosaic by 764.2% during the 4th quarter. SG Americas Securities LLC now owns 734,482 shares of the basic materials company’s stock worth $17,694,000 after acquiring an additional 649,490 shares during the period. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Performance

NYSE MOS opened at $22.79 on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.25 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $7.24 billion, a P/E ratio of 175.34, a P/E/G ratio of 2.61 and a beta of 0.82. The Mosaic Company has a 12-month low of $19.80 and a 12-month high of $37.53. The firm has a 50-day moving average price of $22.10 and a two-hundred day moving average price of $24.91.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on MOS shares. Canadian Imperial Bank of Commerce set a $25.00 target price on Mosaic in a report on Tuesday, May 12th. Wells Fargo & Company cut their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Weiss Ratings cut shares of Mosaic from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, May 12th. BNP Paribas Exane decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, July 1st. Finally, Barclays dropped their price objective on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.11.

Mosaic Company Profile

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.