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

Shares of The Mosaic Company (NYSE:MOS) have received an average rating of “Hold” from the eighteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Eleven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $31.50.

A number of equities research analysts have recently issued reports on the stock. Canadian Imperial Bank of Commerce reduced their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, November 6th. Bank of America dropped their price objective on Mosaic from $39.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Barclays decreased their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. UBS Group dropped their price target on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a research note on Monday, December 29th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Mosaic by 632.6% in the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after purchasing an additional 7,294,205 shares during the last quarter. Norges Bank purchased a new stake in Mosaic in the 2nd quarter valued at about $158,085,000. Bank of New York Mellon Corp increased its stake in shares of Mosaic by 102.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after acquiring an additional 3,894,947 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Mosaic by 28.9% during the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock worth $285,235,000 after acquiring an additional 2,653,969 shares during the period. Finally, Merewether Investment Management LP purchased a new position in shares of Mosaic during the 2nd quarter worth about $72,380,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Stock Down 2.4%

Shares of NYSE MOS opened at $29.44 on Monday. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 1.37 and a beta of 0.97. Mosaic has a 52 week low of $22.36 and a 52 week high of $38.23. The firm has a 50-day moving average price of $26.83 and a 200 day moving average price of $28.85. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.0%. Mosaic’s payout ratio is presently 22.80%.

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.