Mosaic (NYSE:MOS) Price Target Lowered to $28.00 at Mizuho

Mosaic (NYSE:MOS) had its price objective cut by Mizuho from $31.00 to $28.00 in a report published on Thursday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other equities research analysts have also recently commented on the stock. Barclays decreased their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Tuesday, December 9th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. JPMorgan Chase & Co. lowered their price objective on Mosaic from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Wells Fargo & Company assumed coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 target price on the stock. Finally, Oppenheimer decreased their price target on Mosaic from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and an average price target of $31.73.

Mosaic Trading Down 0.4%

Shares of NYSE MOS opened at $23.94 on Thursday. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23. The business has a fifty day moving average price of $26.25 and a 200 day moving average price of $31.81. The stock has a market capitalization of $7.60 billion, a P/E ratio of 6.20, a price-to-earnings-growth ratio of 0.58 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to the consensus estimate of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The firm’s revenue was up 22.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. Equities research analysts expect that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, December 4th. Mosaic’s dividend payout ratio is presently 22.80%.

Institutional Trading of Mosaic

Several hedge funds and other institutional investors have recently bought and sold shares of MOS. First Horizon Advisors Inc. boosted its position in Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 433 shares in the last quarter. Bangor Savings Bank acquired a new position in shares of Mosaic in the 2nd quarter valued at $26,000. Rothschild Investment LLC boosted its holdings in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Mosaic during the second quarter valued at $28,000. Finally, True Wealth Design LLC increased its holdings in Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

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.