Mosaic (NYSE:MOS) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Mosaic (NYSE:MOS) in a research report report published on Thursday,Benzinga reports. The firm currently has a $30.00 price target on the basic materials company’s stock.

Several other brokerages also recently commented on MOS. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Mizuho boosted their price objective on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays lowered their target price on 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.22.

Mosaic Price Performance

Shares of MOS opened at $26.38 on Thursday. The firm has a market cap of $8.41 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.71 and a beta of 1.35. Mosaic has a 52-week low of $24.11 and a 52-week high of $38.30. 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’s 50 day moving average price is $26.38 and its two-hundred day moving average price is $27.89.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s revenue was down 20.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 earnings per share. On average, equities analysts anticipate that Mosaic will post 2.21 EPS for the current year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a dividend of $0.21 per share. 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 (DPR) is currently 74.34%.

Hedge Funds Weigh In On Mosaic

Several large investors have recently bought and sold shares of MOS. Geode Capital Management LLC grew its stake in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares in the last quarter. M&T Bank Corp boosted its holdings in Mosaic by 13.2% during the third quarter. M&T Bank Corp now owns 23,265 shares of the basic materials company’s stock worth $623,000 after purchasing an additional 2,714 shares during the last quarter. Groupama Asset Managment boosted its holdings in Mosaic by 71.5% during the third quarter. Groupama Asset Managment now owns 45,968 shares of the basic materials company’s stock worth $1,231,000 after purchasing an additional 19,160 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Mosaic by 0.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company’s stock worth $2,664,000 after purchasing an additional 932 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Mosaic in the 3rd quarter valued at about $511,000. 77.54% of the stock is currently owned by institutional investors.

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.