Cfra restated their buy rating on shares of Mosaic (NYSE:MOS) in a research note issued to investors on Thursday morning, AnalystRatings.com reports. The brokerage currently has a $26.00 target price on the basic materials company’s stock.
Other equities research analysts have also recently issued reports about the stock. Cowen cut their price target on shares of Mosaic from $30.00 to $25.00 and set an outperform rating on the stock in a research report on Wednesday, August 28th. ValuEngine raised shares of Mosaic from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Royal Bank of Canada cut their price target on shares of Mosaic from $32.00 to $26.00 and set an outperform rating on the stock in a research report on Friday, September 27th. They noted that the move was a valuation call. Stifel Nicolaus cut their price target on shares of Mosaic from $26.00 to $23.00 and set a hold rating on the stock in a research report on Friday, October 4th. Finally, Consumer Edge started coverage on shares of Mosaic in a research report on Monday, September 23rd. They set an equal weight rating and a $22.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $27.75.
NYSE:MOS traded up $0.07 on Thursday, hitting $20.81. 3,976,617 shares of the company’s stock were exchanged, compared to its average volume of 4,648,813. The firm has a 50-day moving average price of $20.20 and a 200-day moving average price of $22.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.51 and a quick ratio of 0.60. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a market cap of $8.00 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 2.91 and a beta of 1.65.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts expect that Mosaic will post 0.55 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. Mosaic’s payout ratio is 9.43%.
In other news, Director Cheryl K. Beebe bought 12,998 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average cost of $19.21 per share, with a total value of $249,691.58. Following the acquisition, the director now owns 23,704 shares in the company, valued at $455,353.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William T. Monahan bought 2,360 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the director now owns 39,235 shares in the company, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Point72 Hong Kong Ltd bought a new position in Mosaic in the 2nd quarter valued at about $103,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Mosaic by 25.2% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,332 shares of the basic materials company’s stock valued at $1,535,000 after acquiring an additional 12,341 shares during the period. IFM Investors Pty Ltd raised its holdings in Mosaic by 36.2% in the 2nd quarter. IFM Investors Pty Ltd now owns 30,031 shares of the basic materials company’s stock valued at $752,000 after acquiring an additional 7,974 shares during the period. Centerstone Investors LLC raised its holdings in Mosaic by 66.5% in the 2nd quarter. Centerstone Investors LLC now owns 479,163 shares of the basic materials company’s stock valued at $11,994,000 after acquiring an additional 191,429 shares during the period. Finally, Balyasny Asset Management LLC raised its holdings in Mosaic by 867.0% in the 2nd quarter. Balyasny Asset Management LLC now owns 731,464 shares of the basic materials company’s stock valued at $18,309,000 after acquiring an additional 655,825 shares during the period. 75.12% of the stock is currently owned by hedge funds and other institutional investors.
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 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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