Analysts Set The Mosaic Company (NYSE:MOS) Target Price at $33.11

Shares of The Mosaic Company (NYSE:MOS) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $33.11.

MOS has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Mizuho dropped their price objective on Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays decreased their target price on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th.

Mosaic Trading Up 2.7 %

Shares of NYSE MOS opened at $28.34 on Tuesday. Mosaic has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 38.30, a PEG ratio of 1.78 and a beta of 1.35. The business’s 50 day moving average price is $26.46 and its 200-day moving average price is $28.07.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. On average, sell-side analysts expect that Mosaic will post 2.27 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a yield of 2.96%. Mosaic’s dividend payout ratio is currently 113.51%.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now owns 34,359 shares in the company, valued at $938,687.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MOS. Highlander Capital Management LLC grew its stake in shares of Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 670 shares during the last quarter. Blue Trust Inc. grew its position in Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the 2nd quarter valued at approximately $46,000. Kimelman & Baird LLC purchased a new position in shares of Mosaic in the second quarter worth $49,000. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Mosaic during the first quarter worth $50,000. 77.54% of the stock is owned by institutional investors and hedge funds.

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.