Journey Advisory Group LLC Buys 27,486 Shares of The Mosaic Company $MOS

Journey Advisory Group LLC boosted its stake in The Mosaic Company (NYSE:MOS) by 15.7% in the second quarter, HoldingsChannel reports. The firm owned 202,693 shares of the basic materials company’s stock after acquiring an additional 27,486 shares during the period. Journey Advisory Group LLC’s holdings in Mosaic were worth $7,394,000 at the end of the most recent quarter.

Other institutional investors and 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 valued at about $26,000. Reyes Financial Architecture Inc. bought a new stake in Mosaic in the second quarter valued at about $31,000. Geneos Wealth Management Inc. increased its holdings 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 acquiring an additional 601 shares in the last quarter. Grove Bank & Trust increased its holdings 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 acquiring an additional 474 shares in the last quarter. Finally, Allworth Financial LP increased its holdings 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 acquiring an additional 537 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

MOS opened at $29.29 on Monday. The business has a fifty day simple moving average of $33.09 and a 200 day simple moving average of $33.22. The company has a market capitalization of $9.30 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.00. 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) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The firm had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 earnings per share. Research analysts expect that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic’s payout ratio is 29.83%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Wells Fargo & Company lowered their price target on Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a report on Thursday. Oppenheimer restated an “outperform” rating and issued a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. UBS Group reduced their price objective on Mosaic from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Zacks Research cut Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $35.00.

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.