Analysts Set The Mosaic Company (NYSE:MOS) PT at $40.27

Shares of The Mosaic Company (NYSE:MOS) have been assigned a consensus recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $40.27.

A number of analysts have commented on MOS shares. Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $34.00 in a research report on Wednesday, January 24th. The Goldman Sachs Group lowered their price target on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Wells Fargo & Company lifted their price target on Mosaic from $34.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, February 23rd. Piper Sandler lowered Mosaic from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Finally, TheStreet lowered Mosaic from a “b-” rating to a “c+” rating in a research note on Tuesday, February 6th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Capital International Investors acquired a new position in Mosaic during the first quarter worth $412,663,000. Wellington Management Group LLP lifted its stake in Mosaic by 910.9% during the first quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after purchasing an additional 4,011,530 shares in the last quarter. Norges Bank acquired a new position in Mosaic during the fourth quarter worth $107,893,000. Bank of America Corp DE lifted its stake in Mosaic by 38.1% during the first quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock worth $260,958,000 after purchasing an additional 1,570,465 shares in the last quarter. Finally, Barclays PLC lifted its stake in Mosaic by 136.6% during the second quarter. Barclays PLC now owns 2,574,540 shares of the basic materials company’s stock worth $90,108,000 after purchasing an additional 1,486,229 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Up 1.7 %

Mosaic stock opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 1.58 and a beta of 1.50. Mosaic has a 1-year low of $29.25 and a 1-year high of $45.33. The business has a fifty day moving average price of $31.48 and a 200-day moving average price of $33.43.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.11). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.09 billion. Mosaic had a return on equity of 9.69% and a net margin of 8.51%. The firm’s revenue for the quarter was down 29.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.74 EPS. Equities research analysts forecast that Mosaic will post 2.81 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio is presently 24.07%.

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.