The Mosaic Company (NYSE:MOS) Receives Average Recommendation of “Hold” from Brokerages

Shares of The Mosaic Company (NYSE:MOS) have been assigned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $40.27.

Several brokerages have issued reports on MOS. Scotiabank upgraded Mosaic from a “sector perform” rating to a “sector outperform” rating and set a $40.00 target price on the stock in a research note on Thursday, February 22nd. Piper Sandler lowered Mosaic from a “neutral” rating to an “underweight” rating and lowered their target price for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Wells Fargo & Company boosted their target price on Mosaic from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, February 23rd. Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They issued an “outperform” rating and a $39.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price objective on Mosaic from $54.00 to $48.00 and set a “buy” rating on the stock in a research note on Thursday, February 1st.

Hedge Funds Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. increased its stake in Mosaic by 3.2% in the 3rd quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company’s stock worth $313,020,000 after acquiring an additional 268,966 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after purchasing an additional 424,063 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Mosaic by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company’s stock worth $141,829,000 after purchasing an additional 189,706 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Mosaic by 5.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company’s stock worth $136,641,000 after purchasing an additional 186,337 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Mosaic by 3.6% in the 3rd quarter. Deutsche Bank AG now owns 3,062,975 shares of the basic materials company’s stock worth $109,042,000 after purchasing an additional 107,011 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Down 1.1 %

MOS stock opened at $30.41 on Friday. The stock’s fifty day simple moving average is $31.51 and its two-hundred day simple moving average is $33.38. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 0.26. Mosaic has a 1-year low of $29.25 and a 1-year high of $44.44. The stock has a market cap of $9.78 billion, a P/E ratio of 8.71, a P/E/G ratio of 1.58 and a beta of 1.50.

Mosaic (NYSE:MOS) last issued its earnings results on Thursday, February 22nd. The basic materials company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.11). The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.09 billion. Mosaic had a net margin of 8.51% and a return on equity of 9.69%. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.74 earnings per share. Analysts expect that Mosaic will post 2.81 EPS for the current year.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. Mosaic’s dividend payout ratio is currently 24.07%.

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.