Brokerages Set The Mosaic Company (NYSE:MOS) PT at $35.33

Shares of The Mosaic Company (NYSE:MOS) have earned an average rating of “Hold” from the eleven ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $35.33.

MOS has been the subject of a number of analyst reports. Piper Sandler cut their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. UBS Group reduced their target price on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Barclays cut their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a report on Friday, August 16th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. Finally, Wells Fargo & Company reduced their price target on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th.

Mosaic Price Performance

Mosaic stock opened at $25.87 on Monday. The business has a 50 day simple moving average of $27.79 and a 200-day simple moving average of $29.37. Mosaic has a 12 month low of $24.11 and a 12 month high of $40.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The stock has a market capitalization of $8.32 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 1.57 and a beta of 1.36.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. During the same quarter last year, the business posted $1.04 EPS. The firm’s revenue was down 17.0% on a year-over-year basis. Equities analysts predict that Mosaic will post 2.26 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.25%. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Insider Activity at Mosaic

In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Walter F. Precourt III sold 39,748 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction that occurred 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. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently bought and sold shares of MOS. Price T Rowe Associates Inc. MD grew its stake in shares of Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after buying an additional 10,124,427 shares during the period. Norges Bank acquired a new position in Mosaic in the fourth quarter valued at $107,893,000. Vanguard Group Inc. grew its position in Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after acquiring an additional 1,893,797 shares during the period. Dimensional Fund Advisors LP increased its stake in Mosaic by 34.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after acquiring an additional 1,628,850 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Mosaic by 1,795.5% in the 1st quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock worth $41,496,000 after purchasing an additional 1,211,544 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.