Cfra reaffirmed their buy rating on shares of Mosaic (NYSE:MOS) in a report published on Thursday, AnalystRatings.com reports. Cfra currently has a $26.00 price target on the basic materials company’s stock.
Several other brokerages also recently issued reports on MOS. JPMorgan Chase & Co. downgraded Mosaic from an overweight rating to a neutral rating and decreased their price target for the stock from $24.00 to $20.00 in a report on Wednesday. Stifel Nicolaus dropped their price target on Mosaic from $26.00 to $23.00 and set a hold rating on the stock in a research report on Friday, October 4th. Consumer Edge started coverage on Mosaic in a research report on Monday, September 23rd. They set an equal weight rating and a $22.00 price target on the stock. ValuEngine raised Mosaic from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada dropped their price objective on Mosaic from $32.00 to $26.00 and set an outperform rating on the stock in a report on Friday, September 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $27.75.
Mosaic stock traded up $0.07 during midday trading on Thursday, reaching $20.81. The company’s stock had a trading volume of 3,976,617 shares, compared to its average volume of 4,648,813. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a current ratio of 1.51, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $20.20 and a 200-day moving average price of $22.05. The stock has a market cap of $8.00 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.91 and a beta of 1.65.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. Mosaic’s dividend payout ratio is 9.43%.
In other Mosaic news, Director Cheryl K. Beebe acquired 12,998 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the acquisition, the director now owns 23,704 shares in the company, valued at approximately $455,353.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William T. Monahan acquired 2,360 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $21.15 per share, with a total value of $49,914.00. Following the acquisition, the director now owns 39,235 shares in the company, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC acquired a new stake in shares of Mosaic during the 2nd quarter valued at about $32,000. Captrust Financial Advisors raised its position in shares of Mosaic by 207.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after buying an additional 948 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Mosaic by 169.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,003 shares during the last quarter. Squar Milner Financial Services LLC increased its holdings in Mosaic by 1,452.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,757 shares during the last quarter. Finally, NuWave Investment Management LLC increased its holdings in Mosaic by 244.6% in the 3rd quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors own 75.12% 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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