Focus Partners Advisor Solutions LLC Invests $278,000 in The Mosaic Company $MOS

Focus Partners Advisor Solutions LLC acquired a new position in The Mosaic Company (NYSE:MOS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 7,625 shares of the basic materials company’s stock, valued at approximately $278,000.

Other hedge funds have also added to or reduced their stakes in the company. Bangor Savings Bank bought a new stake in Mosaic in the second quarter worth about $26,000. Geneos Wealth Management Inc. increased its stake in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Allworth Financial LP increased its stake in shares of Mosaic by 102.3% in the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. purchased a new position in shares of Mosaic in the second quarter worth about $31,000. Finally, Grove Bank & Trust increased its stake in shares of Mosaic by 88.8% in the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

MOS stock opened at $27.45 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The stock has a market cap of $8.71 billion, a PE ratio of 9.30, a P/E/G ratio of 0.94 and a beta of 1.00. The firm has a 50 day simple moving average of $32.45 and a two-hundred day simple moving average of $33.49.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.11 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.Mosaic’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. Mosaic’s dividend payout ratio (DPR) is currently 29.83%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MOS. Weiss Ratings reiterated a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. UBS Group reduced their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a report on Monday, October 13th. Scotiabank lowered Mosaic from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $39.00 to $34.00 in a report on Friday, October 10th. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, August 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $35.23.

About Mosaic

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.