Focus Partners Wealth Purchases New Stake in The Mosaic Company (NYSE:MOS)

Focus Partners Wealth purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,111 shares of the basic materials company's stock, valued at approximately $1,379,000.

Several other large investors have also modified their holdings of MOS. Merit Financial Group LLC increased its position in shares of Mosaic by 10.6% during the fourth quarter. Merit Financial Group LLC now owns 21,038 shares of the basic materials company's stock worth $517,000 after purchasing an additional 2,008 shares in the last quarter. Brooklyn Investment Group grew its stake in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the period. Lake Hills Wealth Management LLC purchased a new position in Mosaic in the fourth quarter valued at $221,000. Impact Partnership Wealth LLC purchased a new position in shares of Mosaic during the 4th quarter valued at approximately $326,000. Finally, Fifth Third Bancorp boosted its stake in shares of Mosaic by 84.2% in the fourth quarter. Fifth Third Bancorp now owns 21,444 shares of the basic materials company's stock worth $527,000 after acquiring an additional 9,805 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

Analyst Upgrades and Downgrades

MOS has been the topic of several recent analyst reports. UBS Group upped their price target on Mosaic from $28.00 to $31.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Piper Sandler reissued a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target for the company. JPMorgan Chase & Co. upped their target price on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, StockNews.com raised Mosaic from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic Price Performance

MOS traded up $0.15 during trading on Tuesday, hitting $35.50. The company's stock had a trading volume of 4,449,759 shares, compared to its average volume of 4,703,102. The Mosaic Company has a 12 month low of $22.36 and a 12 month high of $35.95. The firm's 50 day moving average price is $28.48 and its two-hundred day moving average price is $26.91. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09.

Mosaic (NYSE:MOS - Get Free Report) last issued 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. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business's quarterly revenue was down 2.2% on a year-over-year basis. Sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.48%. Mosaic's payout ratio is presently 75.86%.

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.