Royal Bank Of Canada Cuts Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price objective trimmed by Royal Bank Of Canada from $29.00 to $28.00 in a report published on Thursday, Marketbeat Ratings reports. The brokerage currently has a sector perform rating on the basic materials company’s stock.

MOS has been the subject of several other reports. UBS Group lowered their price objective on shares of Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a report on Monday, January 12th. BNP Paribas Exane dropped their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Oppenheimer set a $35.00 price objective on Mosaic in a report on Friday, January 16th. Wells Fargo & Company reduced their target price on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. Finally, Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and a consensus target price of $31.00.

Mosaic Price Performance

Shares of Mosaic stock opened at $27.79 on Thursday. The business has a 50 day moving average of $27.21 and a 200 day moving average of $28.73. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The company has a market cap of $8.82 billion, a PE ratio of 16.44, a P/E/G ratio of 1.29 and a beta of 0.97. The company has a quick ratio of 0.40, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that Mosaic will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s dividend payout ratio is 52.07%.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently made changes to their positions in MOS. First Horizon Advisors Inc. raised its holdings in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Rothschild Investment LLC increased its holdings in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares in the last quarter. Rexford Capital Inc. bought a new stake in shares of Mosaic in the 2nd quarter worth $28,000. True Wealth Design LLC raised its stake in shares of Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares during the last quarter. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Mosaic during the second quarter valued at $31,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.