Cfra reiterated their buy rating on shares of Mosaic (NYSE:MOS) in a research report released on Thursday, AnalystRatings.com reports. The brokerage currently has a $26.00 price objective on the basic materials company’s stock.
Several other research firms also recently issued reports on MOS. BMO Capital Markets set a $27.00 price target on shares of Mosaic and gave the company a hold rating in a research note on Wednesday, August 7th. Cowen dropped their price target on shares of Mosaic from $30.00 to $25.00 and set an outperform rating for the company in a research note on Wednesday, August 28th. Stifel Nicolaus dropped their price target on shares of 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 assumed coverage on shares of Mosaic in a research note on Monday, September 23rd. They set an equal weight rating and a $22.00 price target for the company. Finally, Citigroup raised shares of Mosaic from a neutral rating to a buy rating and raised their price target for the company from $26.00 to $31.00 in a research note on Wednesday, July 31st. 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 company’s stock. The company has a consensus rating of Hold and an average price target of $27.75.
NYSE:MOS traded up $0.07 on Thursday, hitting $20.81. The company had a trading volume of 3,976,617 shares, compared to its average volume of 4,648,813. The stock has a market capitalization of $8.00 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 2.91 and a beta of 1.65. The company has a current ratio of 1.51, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $20.20 and a two-hundred day moving average of $22.05. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33.
Mosaic (NYSE:MOS) last issued its quarterly earnings data 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 company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. Mosaic’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. As a group, equities analysts forecast that Mosaic will post 0.55 EPS for the current year.
The company also recently announced 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 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, December 4th. Mosaic’s dividend payout ratio is presently 9.43%.
In other news, Director William T. Monahan bought 2,360 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $21.15 per share, with a total value 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 $829,820.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Cheryl K. Beebe bought 12,998 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $19.21 per share, with a total value of $249,691.58. Following 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. 0.51% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC acquired a new stake in Mosaic in the second quarter worth $32,000. Captrust Financial Advisors grew its holdings 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 purchasing an additional 948 shares during the period. NuWave Investment Management LLC grew its holdings 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 purchasing an additional 1,448 shares during the period. Rockefeller Capital Management L.P. grew its holdings 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 purchasing an additional 1,003 shares during the period. Finally, Rational Advisors LLC grew its holdings 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 purchasing an additional 1,448 shares during the period. 75.12% of the stock is owned by institutional investors and hedge funds.
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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