Advisory Services Network LLC Has $2.47 Million Stake in The Mosaic Company (NYSE:MOS)

Advisory Services Network LLC grew its holdings in shares of The Mosaic Company (NYSE:MOSGet Rating) by 239.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,205 shares of the basic materials company’s stock after acquiring an additional 26,237 shares during the quarter. Advisory Services Network LLC’s holdings in Mosaic were worth $2,474,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. acquired a new position in shares of Mosaic in the first quarter valued at approximately $28,000. BerganKDV Wealth Management LLC bought a new stake in Mosaic in the first quarter valued at approximately $33,000. High Net Worth Advisory Group LLC bought a new stake in Mosaic in the first quarter valued at approximately $33,000. FourThought Financial LLC boosted its holdings in Mosaic by 5,000.0% in the first quarter. FourThought Financial LLC now owns 510 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 500 shares during the last quarter. Finally, JFS Wealth Advisors LLC bought a new stake in Mosaic in the first quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.24% of the company’s stock.

Mosaic Trading Down 2.6 %

NYSE:MOS opened at $52.20 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.30 and a quick ratio of 0.65. The firm has a 50-day moving average of $52.62 and a 200-day moving average of $57.83. The company has a market cap of $18.90 billion, a PE ratio of 5.95, a PEG ratio of 0.56 and a beta of 1.58. The Mosaic Company has a one year low of $31.47 and a one year high of $79.28.

Mosaic (NYSE:MOSGet Rating) last posted its earnings results on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing the consensus estimate of $3.93 by ($0.29). Mosaic had a return on equity of 30.83% and a net margin of 19.66%. The business had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the previous year, the firm earned $1.17 earnings per share. The company’s revenue was up 91.8% on a year-over-year basis. As a group, equities research analysts expect that The Mosaic Company will post 13.62 EPS for the current fiscal year.

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

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, August 31st. Mosaic’s payout ratio is 6.84%.

Wall Street Analyst Weigh In

Several analysts recently commented on MOS shares. Credit Suisse Group started coverage on Mosaic in a report on Thursday, July 14th. They issued an “outperform” rating and a $60.00 target price on the stock. Piper Sandler upped their target price on Mosaic from $80.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, May 31st. Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Wednesday, August 3rd. Finally, Barclays dropped their target price on shares of Mosaic from $59.00 to $52.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Mosaic currently has an average rating of “Moderate Buy” and a consensus target price of $65.69.

Mosaic Company Profile

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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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