Shares of The Mosaic Company (NYSE:MOS – Get Rating) have been given an average rating of "Moderate Buy" by the eighteen ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.29.
A number of analysts have recently weighed in on MOS shares. Exane BNP Paribas cut shares of Mosaic from an "outperform" rating to a "neutral" rating and set a $82.00 price target on the stock. in a report on Wednesday, April 20th. Mizuho lifted their price objective on shares of Mosaic from $59.00 to $89.00 in a research note on Friday, April 29th. Royal Bank of Canada boosted their price objective on shares of Mosaic from $80.00 to $85.00 and gave the company an "outperform" rating in a report on Thursday, April 21st. Credit Suisse Group started coverage on Mosaic in a research note on Thursday, July 14th. They issued an "outperform" rating and a $60.00 target price for the company. Finally, Piper Sandler boosted their price target on Mosaic from $80.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, May 31st.
Get
Mosaic alerts:
Insider Buying and Selling
In other Mosaic news, Director Denise C. Johnson sold 24,427 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $65.00, for a total transaction of $1,587,755.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.57% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Mosaic
Several hedge funds and other institutional investors have recently modified their holdings of the business. Private Capital Group LLC lifted its stake in shares of Mosaic by 44.8% in the first quarter. Private Capital Group LLC now owns 608 shares of the basic materials company's stock worth $40,000 after buying an additional 188 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Mosaic by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the basic materials company's stock worth $1,773,000 after buying an additional 200 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Mosaic by 2.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,846 shares of the basic materials company's stock worth $512,000 after purchasing an additional 219 shares during the last quarter. Strengthening Families & Communities LLC increased its position in Mosaic by 2.4% during the second quarter. Strengthening Families & Communities LLC now owns 10,437 shares of the basic materials company's stock worth $690,000 after purchasing an additional 244 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Mosaic by 1.1% during the first quarter. Daiwa Securities Group Inc. now owns 22,805 shares of the basic materials company's stock worth $1,517,000 after purchasing an additional 254 shares during the last quarter. 82.54% of the stock is owned by hedge funds and other institutional investors.
Mosaic Stock Down 0.9 %
Mosaic stock traded down $0.51 during midday trading on Wednesday, hitting $53.50. 18,497 shares of the company's stock were exchanged, compared to its average volume of 8,190,545. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.65 and a current ratio of 1.30. Mosaic has a 12 month low of $29.14 and a 12 month high of $79.28. The firm has a 50-day moving average of $50.26 and a two-hundred day moving average of $55.79. The company has a market cap of $19.37 billion, a PE ratio of 6.16, a P/E/G ratio of 0.54 and a beta of 1.62.
Mosaic (NYSE:MOS – Get Rating) last released its quarterly earnings results on Monday, August 1st. The basic materials company reported $3.64 earnings per share for the quarter, missing analysts' consensus estimates of $3.94 by ($0.30). Mosaic had a net margin of 19.66% and a return on equity of 30.83%. The firm had revenue of $5.37 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The firm's quarterly revenue was up 91.8% on a year-over-year basis. As a group, analysts expect that Mosaic will post 13.78 earnings per share for the current fiscal year.
Mosaic announced that its Board of Directors has initiated a share buyback program on Monday, August 1st that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the basic materials company to repurchase up to 10.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
Mosaic Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, June 1st. This is an increase from Mosaic's previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. Mosaic's dividend payout ratio is 6.84%.
Mosaic Company Profile
(Get Rating)
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.
Featured Stories
- Get a free copy of the StockNews.com research report on Mosaic (MOS)
- Workhorse Group Is Ready To Get Back On The Horse
- A Rounded Bottom In Draftkings, Inc Begins To Reverse Course
- Are 3M, Honeywell, GE Buys After Quarterly Reports?
- CVS and Walgreens Show Why Investment Objectives Matter
- This Defense Stock Has Bullish Fundamentals AND Technicals
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.
