Mosaic (NYSE:MOS) Receives Equal Weight Rating from Barclays

Barclays restated their equal weight rating on shares of Mosaic (NYSE:MOS) in a research note released on Tuesday, Marketbeat reports. They currently have a $31.00 target price on the basic materials company’s stock.

MOS has been the topic of several other reports. BNP Paribas Exane dropped their price target on Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Monday, November 24th. Wells Fargo & Company decreased their price target on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Oppenheimer set a $35.00 price objective on shares of Mosaic in a research note on Friday, January 16th. The Goldman Sachs Group lifted their target price on shares of Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.94.

Mosaic Stock Performance

Shares of NYSE MOS opened at $26.78 on Tuesday. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.51 and a beta of 0.95. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock’s fifty day simple moving average is $27.33 and its 200 day simple moving average is $28.63.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. Mosaic’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. Mosaic’s payout ratio is presently 52.07%.

Hedge Funds Weigh In On Mosaic

Large investors have recently added to or reduced their stakes in the company. TD Waterhouse Canada Inc. lifted its position in Mosaic by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 333 shares during the period. Cary Street Partners Financial LLC boosted its position in shares of Mosaic by 2.0% during the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after acquiring an additional 380 shares in the last quarter. NewEdge Advisors LLC increased its stake in Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 380 shares during the period. Foster Dykema Cabot & Partners LLC raised its position in Mosaic by 54.3% in the third quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 407 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Mosaic by 57.6% during the third quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds 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.