Brokerages Set The Mosaic Company (NYSE:MOS) Price Target at $30.94

The Mosaic Company (NYSE:MOS) has received a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $30.75.

A number of research analysts recently commented on MOS shares. Royal Bank Of Canada lowered their price objective on Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Mizuho raised their target price on Mosaic from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, February 25th. Oppenheimer set a $35.00 price target on shares of Mosaic in a report on Friday, January 16th. Weiss Ratings upgraded shares of Mosaic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Finally, UBS Group dropped their price objective on shares of Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a report on Monday, January 12th.

Mosaic Stock Performance

Shares of NYSE MOS opened at $25.21 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm’s 50-day moving average price is $27.96 and its two-hundred day moving average price is $28.01. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The stock has a market capitalization of $8.00 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.45 and a beta of 0.95.

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

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. Mosaic’s dividend payout ratio (DPR) is presently 52.07%.

Hedge Funds Weigh In On Mosaic

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey Wright & Associates bought a new position in shares of Mosaic in the third quarter worth $4,170,000. Barclays PLC raised its stake in shares of Mosaic by 55.6% during the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after purchasing an additional 574,352 shares in the last quarter. Algert Global LLC lifted its holdings in Mosaic by 26.3% in the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock worth $13,183,000 after purchasing an additional 79,222 shares during the period. Clough Capital Partners L P acquired a new stake in Mosaic in the third quarter worth about $1,435,000. Finally, Fiduciary Alliance LLC bought a new position in Mosaic in the 3rd quarter valued at about $1,969,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.