Mosaic (NYSE:MOS) Price Target Raised to $29.00

Mosaic (NYSE:MOS) had its price target boosted by Mizuho from $28.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Barclays decreased their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Wells Fargo & Company decreased their price target 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $33.22.

Mosaic Stock Up 0.2 %

NYSE:MOS traded up $0.06 during midday trading on Wednesday, reaching $26.38. 3,414,113 shares of the stock traded hands, compared to its average volume of 4,350,625. Mosaic has a 12-month low of $24.11 and a 12-month high of $38.30. The business has a 50-day moving average of $26.38 and a two-hundred day moving average of $27.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a market capitalization of $8.41 billion, a PE ratio of 23.35, a price-to-earnings-growth ratio of 1.65 and a beta of 1.35.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s revenue for the quarter was down 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities analysts forecast that Mosaic will post 2.26 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 5th. Mosaic’s dividend payout ratio (DPR) is currently 74.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MOS. Geode Capital Management LLC lifted its position in shares of Mosaic by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after buying an additional 178,844 shares during the last quarter. M&T Bank Corp lifted its position in shares of Mosaic by 13.2% during the 3rd quarter. M&T Bank Corp now owns 23,265 shares of the basic materials company’s stock worth $623,000 after buying an additional 2,714 shares during the last quarter. Groupama Asset Managment lifted its position in shares of Mosaic by 71.5% during the 3rd quarter. Groupama Asset Managment now owns 45,968 shares of the basic materials company’s stock worth $1,231,000 after buying an additional 19,160 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Mosaic by 0.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company’s stock worth $2,664,000 after buying an additional 932 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Mosaic during the 3rd quarter worth approximately $511,000. Hedge funds and other institutional investors own 77.54% 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 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.