Wolfe Research Cuts Mosaic (NYSE:MOS) Price Target to $36.00

Mosaic (NYSE:MOS) had its price target decreased by Wolfe Research from $37.00 to $36.00 in a report issued on Thursday,MarketScreener reports. Wolfe Research currently has an outperform rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on MOS. Barclays cut their target price on shares of Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. Wells Fargo & Company dropped their price target on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce reduced their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, November 6th. The Goldman Sachs Group raised their target price on shares of Mosaic from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Oppenheimer set a $35.00 target price on shares of Mosaic in a research report on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mosaic presently has an average rating of “Hold” and an average target price of $31.00.

Mosaic Trading Up 2.3%

Shares of NYSE:MOS opened at $27.79 on Thursday. Mosaic has a 12-month low of $22.36 and a 12-month high of $38.23. The company has a market capitalization of $8.82 billion, a PE ratio of 16.44, a PEG ratio of 1.29 and a beta of 0.97. The company has a current ratio of 1.32, a quick ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $27.21 and a two-hundred day moving average of $28.73.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The company had revenue of $2.97 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business earned $0.45 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts forecast that Mosaic will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid 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 3.2%. Mosaic’s dividend payout ratio (DPR) is currently 52.07%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after purchasing an additional 461,524 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Mosaic by 6.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 13,407,136 shares of the basic materials company’s stock valued at $322,979,000 after buying an additional 830,985 shares during the last quarter. State Street Corp lifted its position in Mosaic by 1.9% during the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after buying an additional 240,146 shares in the last quarter. Invesco Ltd. grew its holdings in 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 last quarter. Finally, Geode Capital Management LLC grew its holdings in Mosaic by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 8,479,395 shares of the basic materials company’s stock worth $203,916,000 after acquiring an additional 63,822 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

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.