Mosaic (NYSE:MOS – Free Report) had its target price lowered by Mizuho from $25.00 to $22.00 in a research report sent to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a neutral rating on the basic materials company’s stock.
MOS has been the topic of a number of other research reports. Wall Street Zen lowered shares of Mosaic from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. KeyCorp began coverage on shares of Mosaic in a report on Thursday, September 10th. They set a “sector weight” rating for the company. BMO Capital Markets lowered their price target on shares of Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a report on Tuesday, June 30th. BNP Paribas Exane dropped their price target on Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st. Finally, HSBC dropped their price target on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research note on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.89.
View Our Latest Stock Report on MOS
Mosaic Trading Down 0.1%
MOS opened at $19.00 on Tuesday. The company’s 50 day moving average is $23.08 and its 200-day moving average is $22.97. Mosaic has a 1-year low of $18.41 and a 1-year high of $32.25. The company has a current ratio of 1.34, a quick ratio of 0.43 and a debt-to-equity ratio of 0.41. The company has a market cap of $6.04 billion, a P/E ratio of 13.20, a PEG ratio of 5.39 and a beta of 0.91.
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. Equities research analysts predict that Mosaic will post 0.34 earnings per share for the current fiscal year.
Mosaic Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.88 annualized dividend and a dividend yield of 4.6%. Mosaic’s dividend payout ratio is presently -43.56%.
Insider Buying and Selling at Mosaic
In other news, SVP Walter Precourt, III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total transaction of $508,760.00. Following the completion of the transaction, the senior vice president directly owned 116,198 shares in the company, valued at $2,570,299.76. This trade represents a 16.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.
Institutional Trading of Mosaic
Several institutional investors have recently added to or reduced their stakes in MOS. BlackRock Inc. acquired a new stake in Mosaic during the 2nd quarter valued at approximately $524,484,000. Dimensional Fund Advisors LP lifted its position in shares of Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after purchasing an additional 832,914 shares during the period. Donald Smith & CO. Inc. acquired a new position in shares of Mosaic in the 2nd quarter worth approximately $163,662,000. Nykredit A S acquired a new position in shares of Mosaic in the 2nd quarter worth approximately $108,329,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Mosaic by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 4,136,118 shares of the basic materials company’s stock worth $105,471,000 after purchasing an additional 25,109 shares during the period. 77.54% of the stock is currently owned by institutional investors.
About Mosaic
The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products are used by farmers to support plant growth, improve yields and replenish essential nutrients in agricultural soils. Mosaic also produces phosphate-based animal feed ingredients and other crop nutrition products.
Mosaic operates an integrated business that includes mining, processing, manufacturing and distribution. Its phosphate operations are primarily located in the United States, while its potash operations include mining assets in Canada and the United States.
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