EP Wealth Advisors LLC Invests $235,000 in The Mosaic Company (NYSE:MOS)

EP Wealth Advisors LLC acquired a new position in The Mosaic Company (NYSE:MOSGet Rating) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,982 shares of the basic materials company’s stock, valued at approximately $235,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. purchased a new stake in shares of Mosaic in the 1st quarter worth $28,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Mosaic in the 1st quarter worth $33,000. High Net Worth Advisory Group LLC purchased a new stake in shares of Mosaic in the 1st quarter worth $33,000. JFS Wealth Advisors LLC purchased a new stake in shares of Mosaic in the 1st quarter worth $35,000. Finally, Penserra Capital Management LLC bought a new position in Mosaic in the 1st quarter worth $44,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Stock Down 2.0 %

Shares of NYSE:MOS opened at $48.97 on Monday. The company has a current ratio of 1.34, a quick ratio of 0.61 and a debt-to-equity ratio of 0.28. The Mosaic Company has a 12 month low of $33.59 and a 12 month high of $79.28. The company has a 50-day moving average price of $51.37 and a 200 day moving average price of $52.93. The company has a market cap of $16.67 billion, a price-to-earnings ratio of 4.79, a PEG ratio of 0.57 and a beta of 1.55.

Mosaic declared that its Board of Directors has approved a share buyback plan on Monday, August 1st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to buy up to 10.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, November 30th. Mosaic’s payout ratio is 5.87%.

Wall Street Analyst Weigh In

MOS has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Mosaic from $75.00 to $73.00 and set an “overweight” rating for the company in a report on Wednesday, November 9th. Mizuho dropped their target price on shares of Mosaic from $74.00 to $69.00 and set a “buy” rating for the company in a report on Wednesday, November 9th. StockNews.com initiated coverage on shares of Mosaic in a report on Wednesday, October 12th. They issued a “buy” rating for the company. Royal Bank of Canada dropped their target price on shares of Mosaic from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Thursday, November 10th. Finally, Citigroup upped their target price on shares of Mosaic to $61.00 in a report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.31.

About Mosaic

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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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