Mosaic (NYSE:MOS) Price Target Raised to $29.00

Mosaic (NYSE:MOS) had its target price boosted by Mizuho from $28.00 to $29.00 in a report published on Wednesday,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

A number of other research firms have also recently weighed in on MOS. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Wells Fargo & Company decreased their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. Finally, Barclays decreased their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $33.22.

Mosaic Stock Performance

MOS stock traded up $0.06 on Wednesday, hitting $26.38. The company’s stock had a trading volume of 3,414,113 shares, compared to its average volume of 4,350,625. The firm has a 50 day moving average of $26.38 and a two-hundred day moving average of $27.92. Mosaic has a 1 year low of $24.11 and a 1 year high of $38.30. The stock has a market cap of $8.41 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS 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 business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company earned $0.68 EPS. The firm’s revenue for the quarter was down 20.8% compared to the same quarter last year. Equities analysts predict that Mosaic will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders 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 dividend on an annualized basis and a yield of 3.18%. Mosaic’s dividend payout ratio (DPR) is 74.34%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Mosaic by 40.0% during 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 during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 354 shares during the period. Moors & Cabot Inc. lifted 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 acquiring an additional 382 shares during the period. CVA Family Office LLC lifted its holdings in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after acquiring an additional 384 shares during the period. Finally, CX Institutional lifted its holdings 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 acquiring an additional 418 shares during the period. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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 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.