Mosaic (NYSE:MOS) Stock Rating Reaffirmed by CIBC

CIBC reissued their buy rating on shares of Mosaic (NYSE:MOS) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. The firm currently has a $25.00 price target on the basic materials company’s stock.

Several other equities analysts have also recently commented on MOS. BMO Capital Markets set a $27.00 target price on Mosaic and gave the company a hold rating in a research note on Wednesday, August 7th. Cfra reiterated a buy rating and set a $27.00 target price on shares of Mosaic in a research note on Monday, September 9th. Stifel Nicolaus reduced their target price on Mosaic from $26.00 to $23.00 and set a hold rating for the company in a research note on Friday, October 4th. Consumer Edge initiated coverage on Mosaic in a research note on Monday, September 23rd. They set an equal weight rating and a $22.00 target price for the company. Finally, Royal Bank of Canada reduced their target price on Mosaic from $32.00 to $26.00 and set an outperform rating for the company in a research note on Friday, September 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $27.75.

Shares of Mosaic stock traded up $0.07 on Thursday, hitting $20.81. 3,976,617 shares of the company’s stock traded hands, compared to its average volume of 4,648,813. The stock has a market cap of $8.00 billion, a P/E ratio of 9.82, a PEG ratio of 2.91 and a beta of 1.65. The company has a quick ratio of 0.60, a current ratio of 1.51 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average is $20.20 and its 200 day moving average is $22.05. Mosaic has a 52-week low of $17.36 and a 52-week high of $37.33.

Mosaic (NYSE:MOS) last released its earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.02). The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share. Equities research analysts forecast that Mosaic will post 0.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.96%. The ex-dividend date is Wednesday, December 4th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

In other news, Director William T. Monahan acquired 2,360 shares of Mosaic stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the purchase, the director now directly owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cheryl K. Beebe acquired 12,998 shares of Mosaic stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the purchase, the director now directly owns 23,704 shares of the company’s stock, valued at $455,353.84. The disclosure for this purchase can be found here. Company insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Stonebridge Capital Advisors LLC acquired a new stake in Mosaic in the second quarter worth $32,000. Captrust Financial Advisors increased its position in Mosaic by 207.9% in the second quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock worth $35,000 after buying an additional 948 shares during the period. NuWave Investment Management LLC increased its position in Mosaic by 244.6% in the third quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock worth $39,000 after buying an additional 1,448 shares during the period. Rockefeller Capital Management L.P. increased its position in Mosaic by 169.1% in the second quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after buying an additional 1,003 shares during the period. Finally, Rational Advisors LLC increased its position in Mosaic by 244.6% in the third quarter. Rational Advisors LLC now owns 2,040 shares of the basic materials company’s stock worth $42,000 after buying an additional 1,448 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.

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 International Distribution. 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.

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