Mosaic (NYSE:MOS) PT Lowered to $84.00 at Mizuho

Mosaic (NYSE:MOSGet Rating) had its price objective cut by Mizuho from $89.00 to $84.00 in a research note issued to investors on Friday morning, The Fly reports. They currently have a maintains rating on the basic materials company’s stock.

Several other equities analysts have also issued reports on the company. BNP Paribas lowered Mosaic from an outperform rating to a neutral rating and set a $82.00 price target on the stock. in a research note on Wednesday, April 20th. Royal Bank of Canada upped their price target on Mosaic from $80.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, April 21st. Barclays started coverage on shares of Mosaic in a report on Wednesday, June 1st. They issued an underweight rating and a $59.00 price objective for the company. Credit Suisse Group began coverage on shares of Mosaic in a research note on Thursday, July 14th. They issued an outperform rating and a $60.00 price objective for the company. Finally, StockNews.com began coverage on shares of Mosaic in a research report on Thursday, March 31st. They set a buy rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $65.76.

Mosaic Price Performance

MOS opened at $51.39 on Friday. Mosaic has a 1-year low of $29.14 and a 1-year high of $79.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.57 and a current ratio of 1.23. The company has a market capitalization of $18.60 billion, a P/E ratio of 7.28, a PEG ratio of 0.56 and a beta of 1.62. The company has a 50-day moving average of $51.14 and a 200-day moving average of $55.43.

Mosaic (NYSE:MOSGet Rating) last issued its earnings results on Monday, August 1st. The basic materials company reported $3.64 EPS for the quarter, missing analysts’ consensus estimates of $3.94 by ($0.30). Mosaic had a net margin of 18.99% and a return on equity of 23.80%. The firm had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter last year, the firm earned $1.17 EPS. The business’s revenue for the quarter was up 91.8% compared to the same quarter last year. Equities analysts expect that Mosaic will post 13.53 EPS for the current fiscal year.

Mosaic declared that its board has authorized a share buyback program on Monday, August 1st that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the basic materials company to purchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Thursday, June 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.17%. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, June 1st. Mosaic’s dividend payout ratio (DPR) is 8.50%.

Insiders Place Their Bets

In other Mosaic news, Director Denise C. Johnson sold 24,427 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $65.00, for a total value of $1,587,755.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Denise C. Johnson sold 24,427 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $65.00, for a total transaction of $1,587,755.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gregory L. Ebel bought 15,600 shares of the stock in a transaction that occurred on Friday, May 6th. The shares were purchased at an average price of $63.49 per share, with a total value of $990,444.00. Following the completion of the acquisition, the director now directly owns 80,068 shares in the company, valued at $5,083,517.32. The disclosure for this purchase can be found here. Corporate insiders own 0.57% of the company’s stock.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently modified their holdings of the stock. Candriam Luxembourg S.C.A. lifted its position in shares of Mosaic by 12.1% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 62,430 shares of the basic materials company’s stock worth $2,453,000 after purchasing an additional 6,720 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Mosaic by 7.2% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 361,533 shares of the basic materials company’s stock worth $14,424,000 after purchasing an additional 24,207 shares during the period. Kestra Advisory Services LLC increased its position in Mosaic by 47.4% in the 1st quarter. Kestra Advisory Services LLC now owns 15,565 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 5,003 shares during the last quarter. First Command Bank acquired a new stake in Mosaic in the 1st quarter valued at approximately $36,000. Finally, Mutual of America Capital Management LLC lifted its position in shares of Mosaic by 1.1% in the 1st quarter. Mutual of America Capital Management LLC now owns 49,433 shares of the basic materials company’s stock worth $3,287,000 after acquiring an additional 531 shares during the period. 82.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

(Get Rating)

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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