Morgan Stanley Lowers Mosaic (NYSE:MOS) Price Target to $29.00

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.



Mosaic (NYSE:MOS) last posted its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a return on equity of 7.88% and a net margin of 5.85%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts forecast that Mosaic will post 1.65 EPS for the current year.

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.

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 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.

See Also: Earnings Per Share (EPS) Explained

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