Beacon Pointe Advisors LLC Boosts Stock Position in The Mosaic Company (NYSE:MOS)

Beacon Pointe Advisors LLC boosted its holdings in shares of The Mosaic Company (NYSE:MOSGet Rating) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,459 shares of the basic materials company’s stock after purchasing an additional 740 shares during the quarter. Beacon Pointe Advisors LLC’s holdings in Mosaic were worth $1,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MOS. Capital International Investors purchased a new stake in Mosaic during the 1st quarter worth approximately $412,663,000. Wellington Management Group LLP increased its holdings in shares of Mosaic by 910.9% in the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock valued at $296,052,000 after acquiring an additional 4,011,530 shares during the last quarter. Contrarius Investment Management Ltd bought a new stake in shares of Mosaic in the 1st quarter valued at approximately $133,003,000. National Bank of Canada FI increased its holdings in shares of Mosaic by 1,202.1% in the 2nd quarter. National Bank of Canada FI now owns 1,599,698 shares of the basic materials company’s stock valued at $75,544,000 after acquiring an additional 1,476,843 shares during the last quarter. Finally, Third Point LLC bought a new stake in shares of Mosaic in the 1st quarter valued at approximately $85,120,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Up 0.3 %

Shares of MOS stock opened at $50.60 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.61 and a current ratio of 1.34. The Mosaic Company has a 1 year low of $33.59 and a 1 year high of $79.28. The stock has a fifty day moving average of $51.18 and a two-hundred day moving average of $52.71. The firm has a market capitalization of $17.23 billion, a PE ratio of 4.95, a price-to-earnings-growth ratio of 0.59 and a beta of 1.55.

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

Mosaic Announces Dividend

The firm also recently declared 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 of this dividend 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 presently 5.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays lowered their price target on Mosaic from $59.00 to $52.00 and set an “underweight” rating for the company in a report on Wednesday, August 10th. Royal Bank of Canada lowered their price target on Mosaic from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Thursday, November 10th. StockNews.com assumed coverage on Mosaic in a report on Wednesday, October 12th. They issued a “buy” rating for the company. JPMorgan Chase & Co. lowered their price target on Mosaic from $75.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, November 9th. Finally, Citigroup boosted their price target on Mosaic to $61.00 in a report on Tuesday, November 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.06.

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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