Piper Sandler upgraded shares of Mosaic (NYSE:MOS - Free Report) from an underweight rating to a neutral rating in a report published on Monday, Marketbeat.com reports. They currently have $30.00 price target on the basic materials company's stock, up from their prior price target of $26.00.
MOS has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 24th. Barclays decreased their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Finally, CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $35.09.
Check Out Our Latest Analysis on Mosaic
Mosaic Price Performance
Shares of NYSE MOS traded up $1.92 during midday trading on Monday, reaching $26.75. The company's stock had a trading volume of 6,319,619 shares, compared to its average volume of 5,261,807. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $25.76 and a 200 day moving average price of $26.75. Mosaic has a one year low of $23.56 and a one year high of $33.44. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 23.67, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34.
Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business's revenue was down 20.8% on a year-over-year basis. During the same period last year, the business earned $0.68 earnings per share. On average, equities research analysts expect that Mosaic will post 2.07 EPS for the current year.
Mosaic Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. This is a boost from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.29%. Mosaic's dividend payout ratio is currently 77.88%.
Hedge Funds Weigh In On Mosaic
A number of hedge funds have recently made changes to their positions in the business. Czech National Bank raised its stake in shares of Mosaic by 6.1% in the 4th quarter. Czech National Bank now owns 68,872 shares of the basic materials company's stock valued at $1,693,000 after buying an additional 3,963 shares in the last quarter. Range Financial Group LLC bought a new stake in shares of Mosaic in the 4th quarter worth about $1,148,000. CWA Asset Management Group LLC bought a new stake in shares of Mosaic in the 4th quarter worth about $765,000. GAMMA Investing LLC grew its holdings in shares of Mosaic by 20.5% in the 4th quarter. GAMMA Investing LLC now owns 11,444 shares of the basic materials company's stock worth $281,000 after purchasing an additional 1,946 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of Mosaic by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 14,527 shares of the basic materials company's stock worth $357,000 after purchasing an additional 863 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.
About Mosaic
(
Get Free Report)
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.
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