The Mosaic Company (NYSE:MOS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Mosaic Company (NYSE:MOS) have been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.4615.

Several analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $43.00 price target (up from $39.00) on shares of Mosaic in a research report on Tuesday, July 15th. Wall Street Zen cut shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Mizuho set a $34.00 price target on shares of Mosaic in a report on Monday. Barclays reduced their price target on Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. Finally, Zacks Research cut Mosaic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 9th.

Mosaic Trading Up 0.9%

Shares of NYSE:MOS opened at $29.59 on Tuesday. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The business’s fifty day simple moving average is $33.03 and its 200-day simple moving average is $33.26. The company has a market capitalization of $9.39 billion, a PE ratio of 10.03, a P/E/G ratio of 0.96 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion for the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the company earned $0.54 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were paid a dividend of $0.22 per share. The ex-dividend date was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic’s payout ratio is presently 29.83%.

Institutional Trading of Mosaic

Institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in Mosaic during the 2nd quarter valued at approximately $158,085,000. Boston Partners grew its holdings in shares of Mosaic by 42.2% during the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock valued at $215,540,000 after buying an additional 2,368,094 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Mosaic in the 1st quarter valued at $54,953,000. Truist Financial Corp raised its stake in Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after acquiring an additional 2,007,717 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new stake in Mosaic during the 2nd quarter worth about $72,380,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.