Mosaic (NYSE:MOS) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Mosaic (NYSE:MOS) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage issued an equal weight rating and a $28.00 price objective on the basic materials company’s stock.

A number of other brokerages have also recently issued reports on MOS. CIBC decreased their price objective on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Wall Street Zen cut Mosaic from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Scotiabank upped their target price on Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Monday. UBS Group lowered their price target on Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Barclays dropped their target price 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, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus target price of $33.46.

Mosaic Trading Up 0.4%

Mosaic stock opened at $25.55 on Tuesday. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.94 and a beta of 1.00. The company has a 50 day moving average price of $31.13 and a 200 day moving average price of $33.38.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the company earned $0.34 earnings per share. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. Research analysts forecast that Mosaic will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 3.4%. Mosaic’s dividend payout ratio is currently 22.80%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in shares of Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares in the last quarter. Bangor Savings Bank bought a new stake in Mosaic in the 2nd quarter valued at $26,000. Geneos Wealth Management Inc. boosted its stake in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the period. Rothschild Investment LLC increased its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Finally, Rexford Capital Inc. acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $28,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.