UBS Group Cuts Mosaic (NYSE:MOS) Price Target to $38.00

Mosaic (NYSE:MOS) had its price target reduced by UBS Group from $40.00 to $38.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Other equities analysts have also recently issued reports about the company. Mizuho set a $34.00 target price on Mosaic in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research report on Wednesday, October 8th. Zacks Research lowered shares of Mosaic from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. lifted their target price on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Finally, Barclays reduced their price target on shares of Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Mosaic Price Performance

Shares of Mosaic stock opened at $25.60 on Wednesday. The company’s fifty day simple moving average is $31.72 and its two-hundred day simple moving average is $33.46. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The firm has a market cap of $8.12 billion, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The company has a quick ratio of 0.44, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. The company had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.Mosaic’s quarterly revenue was up 22.8% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. As a group, equities analysts expect that Mosaic will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

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 $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. Mosaic’s payout ratio is currently 22.80%.

Institutional Investors Weigh In On Mosaic

Institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas bought a new position in Mosaic during the 1st quarter valued at about $2,048,000. Ninety One UK Ltd bought a new stake in shares of Mosaic in the first quarter worth approximately $16,455,000. Flossbach Von Storch SE purchased a new position in shares of Mosaic during the first quarter valued at approximately $202,000. Greenleaf Trust lifted its position in Mosaic by 13.3% during the first quarter. Greenleaf Trust now owns 15,766 shares of the basic materials company’s stock valued at $426,000 after purchasing an additional 1,851 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Mosaic by 31.0% during the first quarter. Nisa Investment Advisors LLC now owns 94,470 shares of the basic materials company’s stock valued at $2,552,000 after purchasing an additional 22,346 shares during the period. 77.54% of the stock is 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 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.