The Mosaic Company (NYSE:MOS – Get Free Report) was up 2.8% on Tuesday . The stock traded as high as $39.21 and last traded at $39.13. Approximately 851,235 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 4,102,323 shares. The stock had previously closed at $38.08.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on MOS shares. Barclays downgraded Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 target price for the company. in a research report on Monday, August 14th. Piper Sandler boosted their price objective on Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Stifel Nicolaus lowered their price objective on Mosaic from $42.00 to $36.00 in a research report on Friday, June 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 price objective on shares of Mosaic in a research report on Tuesday, August 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $40.00 price objective on shares of Mosaic in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.71.
Mosaic Stock Performance
Mosaic (NYSE:MOS – Get Free Report) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.03). Mosaic had a return on equity of 20.21% and a net margin of 12.89%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $3.64 EPS. Mosaic’s revenue for the quarter was down 36.8% compared to the same quarter last year. Equities analysts predict that The Mosaic Company will post 3.89 EPS for the current year.
Mosaic Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 6th. Mosaic’s dividend payout ratio (DPR) is presently 12.64%.
Institutional Investors Weigh In On Mosaic
Several large investors have recently modified their holdings of MOS. Bornite Capital Management LP purchased a new stake in shares of Mosaic during the first quarter worth approximately $13,300,000. Sei Investments Co. raised its position in Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock worth $12,614,000 after acquiring an additional 12,679 shares in the last quarter. Cetera Investment Advisers raised its position in Mosaic by 7.9% in the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock worth $1,366,000 after acquiring an additional 1,507 shares in the last quarter. National Pension Service purchased a new position in Mosaic in the first quarter worth $30,360,000. Finally, Baird Financial Group Inc. raised its position in Mosaic by 55.4% in the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock worth $20,749,000 after acquiring an additional 111,236 shares in the last quarter. Hedge funds and other institutional investors own 84.05% of the company’s stock.
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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