Mosaic (NYSE:MOS) had its price target cut by Morgan Stanley from $36.00 to $29.00 in a research note published on Tuesday morning, The Fly reports. They currently have an equal weight rating on the basic materials company’s stock.
A number of other equities analysts have also commented on the company. UBS Group reissued a hold rating on shares of easyJet in a research note on Monday, April 1st. Citigroup boosted their price objective on PVH from $120.00 to $128.00 and gave the stock a neutral rating in a research note on Friday, March 29th. Berenberg Bank set a $43.00 target price on CF Industries and gave the stock a hold rating in a research report on Tuesday, March 26th. Barclays restated a buy rating on shares of Ultragenyx Pharmaceutical in a research report on Thursday, May 9th. Finally, BMO Capital Markets boosted their target price on Accenture to $185.00 and gave the stock a market perform rating in a research report on Friday, March 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $32.57.
Mosaic stock opened at $23.00 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $8.68 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.95 and a beta of 1.57. The business has a fifty day simple moving average of $23.07. Mosaic has a 52 week low of $20.81 and a 52 week high of $37.37.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.87%. This is an increase from Mosaic’s previous quarterly dividend of $0.03. Mosaic’s payout ratio is presently 9.43%.
In related news, Director Emery N. Koenig acquired 2,089 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $23.95 per share, for a total transaction of $50,031.55. Following the completion of the acquisition, the director now owns 25,244 shares of the company’s stock, valued at approximately $604,593.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO James Calvin O’rourke acquired 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average price of $24.03 per share, with a total value of $240,300.00. Following the acquisition, the chief executive officer now directly owns 168,345 shares of the company’s stock, valued at approximately $4,045,330.35. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 17,339 shares of company stock valued at $414,182. 0.51% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in Mosaic by 23.0% in the fourth quarter. FMR LLC now owns 17,982,539 shares of the basic materials company’s stock valued at $525,270,000 after purchasing an additional 3,363,282 shares during the last quarter. Boston Partners increased its holdings in Mosaic by 21.1% in the first quarter. Boston Partners now owns 17,250,762 shares of the basic materials company’s stock valued at $471,118,000 after purchasing an additional 3,007,121 shares during the last quarter. Northern Trust Corp increased its holdings in Mosaic by 6.4% in the first quarter. Northern Trust Corp now owns 7,082,416 shares of the basic materials company’s stock valued at $193,421,000 after purchasing an additional 425,882 shares during the last quarter. Norges Bank bought a new stake in Mosaic in the fourth quarter valued at about $143,363,000. Finally, Geode Capital Management LLC increased its holdings in Mosaic by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 4,848,463 shares of the basic materials company’s stock valued at $141,386,000 after purchasing an additional 440,727 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.
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 International Distribution. 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.
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