Cfra reiterated their buy rating on shares of Mosaic (NYSE:MOS) in a research report report published on Thursday morning, AnalystRatings.com reports. Cfra currently has a $26.00 price target on the basic materials company’s stock.
Several other research analysts also recently commented on the company. Cowen lowered their target price on Mosaic from $30.00 to $25.00 and set an outperform rating for the company in a research note on Wednesday, August 28th. JPMorgan Chase & Co. downgraded Mosaic from an overweight rating to a neutral rating and lowered their target price for the stock from $24.00 to $20.00 in a research note on Wednesday. Consumer Edge initiated coverage on Mosaic in a research note on Monday, September 23rd. They set an equal weight rating and a $22.00 target price for the company. BMO Capital Markets set a $27.00 target price on Mosaic and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, ValuEngine raised Mosaic from a sell rating to a hold rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $27.75.
MOS stock traded up $0.07 during mid-day trading on Thursday, hitting $20.81. 3,976,617 shares of the company were exchanged, compared to its average volume of 4,648,813. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 1.51. Mosaic has a 1-year low of $17.36 and a 1-year high of $37.33. The firm has a market cap of $8.00 billion, a P/E ratio of 9.82, a P/E/G ratio of 2.91 and a beta of 1.65. The firm’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $22.05.
Mosaic (NYSE:MOS) last announced its earnings results on Monday, November 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, equities research analysts predict that Mosaic will post 0.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Wednesday, December 4th. Mosaic’s dividend payout ratio is currently 9.43%.
In related news, Director Cheryl K. Beebe bought 12,998 shares of Mosaic stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the acquisition, the director now directly owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William T. Monahan bought 2,360 shares of Mosaic stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the acquisition, the director now directly owns 39,235 shares of the company’s stock, valued at $829,820.25. The disclosure for this purchase can be found here. Corporate insiders own 0.51% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new stake in Mosaic in the second quarter valued at approximately $103,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Mosaic by 25.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,332 shares of the basic materials company’s stock valued at $1,535,000 after acquiring an additional 12,341 shares during the last quarter. IFM Investors Pty Ltd boosted its holdings in Mosaic by 36.2% in the second quarter. IFM Investors Pty Ltd now owns 30,031 shares of the basic materials company’s stock valued at $752,000 after acquiring an additional 7,974 shares during the last quarter. Centerstone Investors LLC boosted its holdings in Mosaic by 66.5% in the second quarter. Centerstone Investors LLC now owns 479,163 shares of the basic materials company’s stock valued at $11,994,000 after acquiring an additional 191,429 shares during the last quarter. Finally, Balyasny Asset Management LLC boosted its holdings in Mosaic by 867.0% in the second quarter. Balyasny Asset Management LLC now owns 731,464 shares of the basic materials company’s stock valued at $18,309,000 after acquiring an additional 655,825 shares during the last quarter. Institutional investors and hedge funds own 75.12% of the company’s stock.
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 International Distribution. 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.
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