Mosaic Company (The) (MOS) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Mosaic Company (The) (NYSE:MOS) from a hold rating to a buy rating in a research note published on Tuesday. They currently have $26.00 price objective on the basic materials company’s stock.

According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity.”

Several other equities analysts have also recently weighed in on MOS. Stifel Nicolaus set a $24.00 price objective on Mosaic Company (The) and gave the company a hold rating in a report on Wednesday, August 2nd. Royal Bank Of Canada cut their price objective on Mosaic Company (The) from $25.00 to $23.00 and set a sector perform rating on the stock in a report on Wednesday, August 2nd. Morgan Stanley cut their price objective on Mosaic Company (The) from $27.00 to $25.00 and set an equal weight rating on the stock in a report on Monday, August 7th. Citigroup Inc. lifted their price objective on Mosaic Company (The) from $23.00 to $25.00 and gave the company a neutral rating in a report on Thursday, November 2nd. Finally, BidaskClub cut Mosaic Company (The) from a sell rating to a strong sell rating in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. Mosaic Company (The) has a consensus rating of Hold and an average target price of $23.99.

Mosaic Company (NYSE MOS) opened at $22.94 on Tuesday. Mosaic Company has a 1-year low of $19.23 and a 1-year high of $34.36. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $7,890.00, a PE ratio of 22.55, a PEG ratio of 2.50 and a beta of 1.27.

Mosaic Company (The) (NYSE:MOS) last released its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.18. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the business posted $0.41 EPS. Mosaic Company (The)’s revenue for the quarter was up 1.7% on a year-over-year basis. analysts forecast that Mosaic Company will post 0.97 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.44%. The ex-dividend date is Wednesday, December 6th. Mosaic Company (The)’s dividend payout ratio (DPR) is 63.16%.

In related news, Director Robert L. Lumpkins purchased 7,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $19.94 per share, with a total value of $139,580.00. Following the transaction, the director now directly owns 9,339 shares of the company’s stock, valued at $186,219.66. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.38% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Moors & Cabot Inc. increased its holdings in shares of Mosaic Company (The) by 7.2% during the 3rd quarter. Moors & Cabot Inc. now owns 47,567 shares of the basic materials company’s stock worth $1,028,000 after acquiring an additional 3,183 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Mosaic Company (The) by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 1,110,509 shares of the basic materials company’s stock worth $23,976,000 after acquiring an additional 61,920 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Mosaic Company (The) by 27.4% during the 3rd quarter. Janney Montgomery Scott LLC now owns 34,018 shares of the basic materials company’s stock worth $734,000 after acquiring an additional 7,326 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Mosaic Company (The) by 182.8% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 49,543 shares of the basic materials company’s stock worth $1,070,000 after acquiring an additional 32,026 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Mosaic Company (The) during the 3rd quarter worth approximately $2,045,000. 77.68% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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