KBC Group NV lessened its stake in Mosaic Co (NYSE:MOS) by 49.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,056 shares of the basic materials company’s stock after selling 23,185 shares during the quarter. KBC Group NV’s holdings in Mosaic were worth $617,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MOS. Artemis Investment Management LLP purchased a new position in Mosaic in the 3rd quarter worth approximately $37,174,000. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 26.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,364,003 shares of the basic materials company’s stock worth $94,211,000 after acquiring an additional 921,345 shares during the period. Global Thematic Partners LLC boosted its holdings in Mosaic by 49.9% in the 4th quarter. Global Thematic Partners LLC now owns 2,325,030 shares of the basic materials company’s stock worth $59,660,000 after acquiring an additional 773,747 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Mosaic by 39.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,050,174 shares of the basic materials company’s stock worth $44,264,000 after acquiring an additional 584,511 shares during the period. Finally, Copper Rock Capital Partners LLC purchased a new position in Mosaic in the 4th quarter worth approximately $10,100,000. Hedge funds and other institutional investors own 77.42% of the company’s stock.
Mosaic Co (NYSE MOS) opened at $28.19 on Tuesday. The company has a market capitalization of $10,089.15, a P/E ratio of 26.13, a PEG ratio of 2.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.27. Mosaic Co has a one year low of $19.23 and a one year high of $31.90.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, February 28th. Mosaic’s dividend payout ratio is currently -33.33%.
MOS has been the subject of a number of analyst reports. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Friday, November 3rd. Cleveland Research upgraded Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. Cowen restated a “hold” rating and issued a $25.00 price target on shares of Mosaic in a report on Friday, January 12th. BMO Capital Markets upped their price target on Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. started coverage on Mosaic in a report on Friday, January 12th. They issued a “neutral” rating and a $26.00 price target for the company. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $25.77.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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