Mosaic (NYSE:MOS) Given a $28.00 Price Target at Royal Bank Of Canada

Royal Bank Of Canada set a $28.00 price target on Mosaic (NYSE:MOS) in a report published on Tuesday,BayStreet.CA reports. The firm currently has a sector perform rating on the basic materials company’s stock.

MOS has been the subject of a number of other reports. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Bank of America cut Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $30.00 in a research report on Friday, March 20th. Canadian Imperial Bank of Commerce boosted their price objective on Mosaic from $29.00 to $32.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. UBS Group cut Mosaic from a “buy” rating to a “neutral” rating and cut their price objective for the company from $33.00 to $27.00 in a research report on Thursday, March 26th. Finally, Wolfe Research cut their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.27.

Mosaic Stock Down 0.7%

Shares of MOS stock opened at $26.32 on Tuesday. The stock has a 50 day moving average of $27.59 and a 200 day moving average of $27.46. The company has a current ratio of 1.32, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.36 billion, a P/E ratio of 15.57, a P/E/G ratio of 2.67 and a beta of 0.95. Mosaic has a twelve month low of $22.37 and a twelve month high of $38.23.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.26). The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Mosaic will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 21st. Mosaic’s payout ratio is presently 52.07%.

Institutional Trading of Mosaic

Several large investors have recently made changes to their positions in MOS. Geneos Wealth Management Inc. increased its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Rexford Capital Inc. purchased a new stake in shares of Mosaic during the second quarter worth approximately $28,000. True Wealth Design LLC increased its position in shares of Mosaic by 1,819.0% during the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Mosaic during the third quarter worth approximately $31,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Mosaic during the second quarter worth approximately $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.