Belpointe Asset Management LLC Makes New Investment in The Mosaic Company $MOS

Key Points

• Belpointe Asset Management LLC recently acquired 13,723 shares of The Mosaic Company, valued at approximately $501,000, marking a new investment during the second quarter.
• Several institutional investors have also increased their holdings in Mosaic, with notable growth from Geneos Wealth Management Inc. by 169.3% and others purchasing new stakes valued at around $26,000.
• Wall Street analysts have varied views on Mosaic's stock, with a current consensus rating of "Moderate Buy" and a price target averaging $36.08, despite recent earnings falling short of expectations.

Belpointe Asset Management LLC purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,723 shares of the basic materials company's stock, valued at approximately $501,000.

Several other institutional investors and hedge funds have also bought and sold shares of MOS. NBC Securities Inc. purchased a new position in Mosaic in the first quarter worth $26,000. Geneos Wealth Management Inc. grew its holdings in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after buying an additional 601 shares during the last quarter. Bangor Savings Bank purchased a new stake in shares of Mosaic during the second quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Mosaic during the first quarter valued at $27,000. Finally, Allworth Financial LP grew its holdings in shares of Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company's stock valued at $31,000 after buying an additional 537 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a report on Monday, August 11th. UBS Group dropped their price objective on shares of Mosaic from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Monday. Weiss Ratings reissued a "hold (c)" rating on shares of Mosaic in a report on Wednesday. Zacks Research raised shares of Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $36.08.

Mosaic Trading Down 3.8%

NYSE MOS opened at $33.46 on Friday. The company has a market capitalization of $10.62 billion, a PE ratio of 11.34, a P/E/G ratio of 1.62 and a beta of 1.00. The company has a fifty day moving average of $33.51 and a 200 day moving average of $33.00. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44.

Mosaic (NYSE:MOS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were given a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Mosaic's dividend payout ratio is 29.83%.

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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