The Mosaic Company (NYSE:MOS) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in The Mosaic Company (NYSE:MOS - Free Report) by 58.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,148,774 shares of the basic materials company's stock after buying an additional 423,546 shares during the period. BNP Paribas Financial Markets owned approximately 0.36% of Mosaic worth $28,237,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its holdings in Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock valued at $1,814,000 after purchasing an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock valued at $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock valued at $7,168,000 after buying an additional 73,653 shares during the last quarter. Swedbank AB grew its position in shares of Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after buying an additional 117,838 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Mosaic in the fourth quarter worth $1,054,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on MOS. The Goldman Sachs Group began coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target for the company. Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a research note on Thursday, March 20th. CIBC lifted their price target on shares of Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Finally, Mizuho dropped their price target on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.75.

Mosaic Stock Performance

Shares of MOS traded up $0.26 during midday trading on Monday, hitting $32.93. 6,072,492 shares of the stock traded hands, compared to its average volume of 4,660,283. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $33.66. The firm has a market capitalization of $10.44 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The business's 50 day moving average price is $27.13 and its two-hundred day moving average price is $26.54.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's revenue for the quarter was down 2.2% compared to the same quarter last year. Equities research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio (DPR) is 75.86%.

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.