The Mosaic Company $MOS Stake Boosted by Journey Advisory Group LLC

Key Points

• Journey Advisory Group LLC increased its stake in The Mosaic Company by 15.7%, owning 202,693 shares valued at $7.39 million at the end of the reporting period.
• Analysts have recently downgraded Mosaic's ratings, with Scotiabank reducing its price target from $39.00 to $34.00, while JPMorgan Chase & Co. raised its target to $37.00, indicating mixed sentiment among financial experts.
• The Mosaic Company reported earnings of $0.51 per share, missing analysts' estimates, and its annual dividend yield is 3.0%, reflecting ongoing shareholder returns despite recent performance challenges.

Journey Advisory Group LLC increased its position in shares of The Mosaic Company (NYSE:MOS - Free Report) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,693 shares of the basic materials company's stock after purchasing an additional 27,486 shares during the quarter. Journey Advisory Group LLC owned 0.06% of Mosaic worth $7,394,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MOS. Geneos Wealth Management Inc. increased 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 purchasing an additional 601 shares during the period. Bangor Savings Bank bought a new position in Mosaic during the second quarter valued at about $26,000. Allworth Financial LP boosted its stake in 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 in the last quarter. Reyes Financial Architecture Inc. bought a new position in Mosaic during the second quarter valued at about $31,000. Finally, Grove Bank & Trust boosted its stake in Mosaic by 88.8% during the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company's stock valued at $37,000 after buying an additional 474 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Scotiabank lowered Mosaic from a "sector outperform" rating to a "sector perform" rating and decreased their price target for the company from $39.00 to $34.00 in a research report on Friday, October 10th. Zacks Research lowered Mosaic from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 9th. Wall Street Zen lowered Mosaic from a "buy" rating to a "hold" rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. raised their price objective on Mosaic from $35.00 to $37.00 and gave the stock an "overweight" rating in a research report on Monday, August 11th. Finally, Royal Bank Of Canada lowered Mosaic from an "outperform" rating to a "sector perform" rating and set a $30.00 price objective for the company. in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.00.

Mosaic Stock Performance

MOS opened at $29.29 on Monday. The firm has a market capitalization of $9.30 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. The stock's 50 day moving average price is $33.09 and its two-hundred day moving average price is $33.22. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

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

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic's payout ratio is presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.