Beacon Pointe Advisors LLC Has $1.49 Million Stock Position in The Mosaic Company (NYSE:MOS)

Beacon Pointe Advisors LLC raised its position in The Mosaic Company (NYSE:MOSGet Rating) by 2.4% during the second quarter, HoldingsChannel.com reports. The firm owned 31,459 shares of the basic materials company’s stock after buying an additional 740 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Mosaic were worth $1,489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. acquired a new stake in Mosaic in the 1st quarter worth $28,000. BerganKDV Wealth Management LLC bought a new stake in Mosaic during the 1st quarter worth about $33,000. High Net Worth Advisory Group LLC bought a new position in shares of Mosaic in the 1st quarter valued at about $33,000. CX Institutional bought a new position in shares of Mosaic in the 2nd quarter valued at about $34,000. Finally, Clear Street Markets LLC boosted its stake in shares of Mosaic by 398.7% in the 2nd quarter. Clear Street Markets LLC now owns 758 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 82.24% of the company’s stock.

Wall Street Analyst Weigh In

MOS has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Mosaic from $75.00 to $73.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 9th. Citigroup raised their target price on shares of Mosaic to $61.00 in a report on Tuesday, November 15th. Mizuho dropped their target price on shares of Mosaic from $74.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, November 9th. StockNews.com initiated coverage on shares of Mosaic in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada dropped their target price on shares of Mosaic from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.06.

Mosaic Trading Up 0.3 %

MOS stock opened at $50.60 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.61. The company has a fifty day moving average price of $51.18 and a two-hundred day moving average price of $52.71. The Mosaic Company has a one year low of $33.59 and a one year high of $79.28. The stock has a market cap of $17.23 billion, a price-to-earnings ratio of 4.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, November 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. Mosaic’s dividend payout ratio (DPR) is 5.87%.

Mosaic announced that its board has authorized a share buyback program on Monday, August 1st that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the basic materials company to reacquire up to 10.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Mosaic Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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