The Mosaic Company (NYSE:MOS) Given Average Rating of “Hold” by Brokerages

Shares of The Mosaic Company (NYSE:MOSGet Rating) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.00.

MOS has been the topic of a number of analyst reports. StockNews.com began coverage on Mosaic in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Wells Fargo & Company initiated coverage on Mosaic in a research report on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group cut Mosaic from an “outperform” rating to an “underperform” rating in a report on Monday, January 9th. Mizuho decreased their price target on Mosaic from $74.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Finally, Piper Sandler decreased their price target on Mosaic from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd.

Mosaic Price Performance

NYSE:MOS opened at $48.46 on Wednesday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 0.77 and a beta of 1.53. Mosaic has a 1 year low of $37.63 and a 1 year high of $79.28. The business has a 50 day simple moving average of $46.99 and a 200-day simple moving average of $50.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.61.

Mosaic (NYSE:MOSGet Rating) last issued its quarterly earnings results on Monday, November 7th. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.52 by ($0.30). Mosaic had a return on equity of 35.27% and a net margin of 20.15%. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $6.01 billion. Equities analysts forecast that Mosaic will post 11.39 EPS for the current year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.20 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. Mosaic’s dividend payout ratio is 5.87%.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently made changes to their positions in the business. Bornite Capital Management LP acquired a new stake in Mosaic in the first quarter valued at about $13,300,000. Sei Investments Co. lifted its position in Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock valued at $12,614,000 after purchasing an additional 12,679 shares during the period. Cetera Investment Advisers lifted its position in Mosaic by 7.9% in the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock valued at $1,366,000 after purchasing an additional 1,507 shares during the period. National Pension Service acquired a new stake in Mosaic in the first quarter valued at about $30,360,000. Finally, Baird Financial Group Inc. lifted its position in Mosaic by 55.4% in the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock valued at $20,749,000 after purchasing an additional 111,236 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

About Mosaic

(Get Rating)

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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