ING Groep NV Has $22.90 Million Holdings in The Mosaic Company (NYSE:MOS)

Key Points

• ING Groep NV increased its holdings in The Mosaic Company by 126.9%, acquiring a total of 847,760 shares valued at approximately $22.90 million.
• Mosaic Company reported a $0.49 EPS for the last quarter, exceeding the consensus estimate of $0.45, despite a 2.2% decline in quarterly revenue compared to the previous year.
• The stock has received various analyst ratings, with eight analysts issuing a buy rating and a current consensus rating of “Moderate Buy”, along with an average target price of $36.75.

ING Groep NV grew its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 126.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 847,760 shares of the basic materials company's stock after purchasing an additional 474,090 shares during the period. ING Groep NV owned about 0.27% of Mosaic worth $22,898,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Invesco Ltd. increased its stake in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after buying an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock worth $271,382,000 after acquiring an additional 2,151,426 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Mosaic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock worth $218,751,000 after acquiring an additional 269,650 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock worth $127,119,000 after acquiring an additional 287,493 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its position in Mosaic by 21.7% during the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after purchasing an additional 711,300 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Down 1.9%

Shares of MOS stock opened at $35.31 on Monday. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28. The firm has a market cap of $11.20 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.60 and a beta of 1.12. The stock has a 50 day moving average of $36.13 and a 200-day moving average of $30.69.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The business's quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Scotiabank reaffirmed an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. UBS Group raised shares of Mosaic from a "neutral" rating to a "buy" rating and set a $45.00 price objective on the stock in a research report on Wednesday, July 23rd. Oppenheimer reissued an "outperform" rating and issued a $43.00 target price (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price target on shares of Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on shares of Mosaic from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.75.

Insider Buying and Selling at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the transaction, the senior vice president directly owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.86% of the company's stock.

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.

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