Mosaic (NYSE:MOS) Upgraded by Scotiabank to Sector Outperform Rating

Scotiabank upgraded shares of Mosaic (NYSE:MOS) from a sector perform rating to a sector outperform rating in a report issued on Monday morning, Marketbeat.com reports. Scotiabank currently has $36.00 target price on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the company. Barclays lowered their price objective on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th. Morgan Stanley upped their price objective on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. CIBC reduced their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. Finally, Bank of America decreased their target price on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.50.

Mosaic Stock Down 0.8%

Mosaic stock opened at $27.27 on Monday. Mosaic has a twelve month low of $22.36 and a twelve month high of $38.23. The stock has a 50 day moving average of $25.42 and a two-hundred day moving average of $29.48. The company has a current ratio of 1.14, a quick ratio of 0.40 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.66 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.24 and a beta of 0.97.

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

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, March 9th. Mosaic’s payout ratio is 22.80%.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. lifted its holdings in shares of Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 433 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the last quarter. Rexford Capital Inc. purchased a new stake in Mosaic in the 2nd quarter valued at approximately $28,000. True Wealth Design LLC grew its holdings in Mosaic by 1,819.0% during the 3rd 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 during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Mosaic during the 2nd quarter valued at $31,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.