The Mosaic Company (NYSE:MOS) Receives $35.33 Average Price Target from Analysts

The Mosaic Company (NYSE:MOS) has been given an average recommendation of “Hold” by the ten brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $34.91.

A number of research firms recently commented on MOS. Piper Sandler reduced their price target on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a report on Monday, August 12th. Wells Fargo & Company dropped their price target on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. UBS Group decreased their price objective on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Finally, Barclays cut their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 16th.

Insiders Place Their Bets

In other news, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the transaction, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

Institutional Trading of Mosaic

A number of institutional investors and hedge funds have recently made changes to their positions in MOS. Blue Trust Inc. raised its position in Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 351 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after buying an additional 382 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in shares of Mosaic by 3.2% during the 1st quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after buying an additional 415 shares in the last quarter. CX Institutional lifted its position in shares of Mosaic by 1.5% during the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock worth $823,000 after buying an additional 418 shares during the last quarter. Finally, Wahed Invest LLC boosted its stake in Mosaic by 8.6% in the fourth quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock valued at $202,000 after buying an additional 445 shares in the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 4.4 %

Shares of Mosaic stock opened at $25.56 on Monday. The stock has a market cap of $8.22 billion, a P/E ratio of 10.88, a P/E/G ratio of 1.57 and a beta of 1.36. Mosaic has a 12-month low of $24.11 and a 12-month high of $38.30. The business’s 50 day moving average is $27.70 and its 200-day moving average is $29.28. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The firm had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the company posted $1.04 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year. Equities research analysts predict that Mosaic will post 2.26 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.29%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is 35.74%.

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.