Mosaic (NYSE:MOS) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of Mosaic (NYSE:MOS) in a report released on Thursday morning,Benzinga reports. They currently have a $30.00 price objective on the basic materials company’s stock.

Several other research firms have also recently commented on MOS. Barclays cut their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Mizuho raised their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company decreased their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic presently has a consensus rating of “Hold” and an average price target of $33.22.

Mosaic Trading Up 0.4 %

MOS stock traded up $0.10 during midday trading on Thursday, reaching $26.42. 2,053,176 shares of the company traded hands, compared to its average volume of 4,344,072. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. The business has a 50 day moving average of $26.37 and a 200-day moving average of $27.96. The firm has a market capitalization of $8.42 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 1.65 and a beta of 1.35. Mosaic has a 52-week low of $24.11 and a 52-week high of $38.30.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm posted $0.68 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. As a group, sell-side analysts expect that Mosaic will post 2.26 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.84 annualized dividend and a yield of 3.18%. Mosaic’s dividend payout ratio is currently 74.34%.

Institutional Investors Weigh In On Mosaic

Several large investors have recently made changes to their positions in the stock. Highlander Capital Management LLC grew its holdings in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 670 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 351 shares in the last quarter. ANTIPODES PARTNERS Ltd bought a new position in Mosaic during the second quarter valued at about $46,000. Larson Financial Group LLC lifted its holdings in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the last quarter. Finally, Kimelman & Baird LLC purchased a new stake in Mosaic during the second quarter valued at about $49,000. Institutional investors own 77.54% of the company’s stock.

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.