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

The Mosaic Company (NYSE:MOS) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $45.35.

Several equities research analysts have recently issued reports on MOS shares. Stifel Nicolaus reduced their price objective on shares of Mosaic from $41.00 to $36.00 and set a “hold” rating on the stock in a research report on Wednesday, October 4th. Berenberg Bank boosted their price objective on shares of Mosaic to $41.00 in a research report on Thursday, October 5th. Morgan Stanley reiterated an “equal weight” rating and set a $40.00 price objective on shares of Mosaic in a research report on Thursday, September 21st. Piper Sandler raised their price target on shares of Mosaic from $42.00 to $46.00 in a research note on Monday, August 7th. Finally, Credit Suisse Group raised their price target on shares of Mosaic from $33.00 to $36.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 2nd.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Horizon Family Wealth Inc. acquired a new position in shares of Mosaic in the 3rd quarter worth approximately $273,000. Penserra Capital Management LLC boosted its position in Mosaic by 109.6% during the 3rd quarter. Penserra Capital Management LLC now owns 4,480 shares of the basic materials company’s stock valued at $158,000 after purchasing an additional 2,343 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Mosaic by 7.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 12,053 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 866 shares during the period. GSA Capital Partners LLP acquired a new position in Mosaic during the 3rd quarter valued at approximately $672,000. Finally, Cito Capital Group LLC boosted its position in Mosaic by 100.0% during the 3rd quarter. Cito Capital Group LLC now owns 10,000 shares of the basic materials company’s stock valued at $356,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 84.05% of the company’s stock.

Mosaic Stock Performance

Shares of MOS stock opened at $36.21 on Tuesday. The company has a 50 day moving average price of $35.31 and a 200-day moving average price of $36.48. Mosaic has a 52 week low of $31.44 and a 52 week high of $57.46. The firm has a market capitalization of $11.83 billion, a PE ratio of 9.28, a P/E/G ratio of 1.39 and a beta of 1.56. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 0.20.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.12). Mosaic had a net margin of 8.80% and a return on equity of 12.71%. The firm had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same period in the prior year, the firm earned $3.22 EPS. Mosaic’s revenue for the quarter was down 33.7% compared to the same quarter last year. As a group, equities research analysts expect that Mosaic will post 3.78 earnings per share for the current year.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.80 annualized dividend and a yield of 2.21%. Mosaic’s dividend payout ratio is presently 20.51%.

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.