Analysts Set The Mosaic Company (NYSE:MOS) Price Target at $35.40

The Mosaic Company (NYSE:MOS) has been given an average rating of “Hold” by the eleven analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $35.40.

A number of equities analysts have commented on MOS shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Barclays cut their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Mizuho upped their price objective on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd bought a new position in Mosaic in the second quarter worth $46,000. Kimelman & Baird LLC bought a new position in shares of Mosaic in the 2nd quarter worth about $49,000. Blue Trust Inc. lifted its position in Mosaic by 46.4% during the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 570 shares during the period. Larson Financial Group LLC boosted its stake in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares in the last quarter. Finally, CVA Family Office LLC grew its holdings in Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the period. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Price Performance

Shares of Mosaic stock opened at $23.87 on Wednesday. The stock has a market capitalization of $7.58 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company has a fifty day moving average of $26.15 and a 200-day moving average of $26.97. Mosaic has a 52-week low of $23.60 and a 52-week high of $37.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s quarterly revenue was down 20.8% on a year-over-year basis. Equities research analysts expect that Mosaic will post 2.07 EPS for the current year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.69%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is presently 77.88%.

About Mosaic

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.