Mosaic (NYSE:MOS) Price Target Raised to $29.00 at Mizuho

Mosaic (NYSE:MOS) had its price target hoisted by Mizuho from $28.00 to $29.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the basic materials company’s stock.

Several other analysts have also recently commented on the stock. Barclays decreased their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Monday, August 12th. Finally, Wells Fargo & Company decreased their price objective on Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus target price of $33.22.

Mosaic Trading Up 1.0 %

Shares of Mosaic stock opened at $26.37 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.54. The stock has a market capitalization of $8.40 billion, a PE ratio of 23.12, a P/E/G ratio of 1.62 and a beta of 1.35. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The company’s fifty day simple moving average is $26.37 and its 200-day simple moving average is $27.96.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s revenue for the quarter was down 20.8% on a year-over-year basis. As a group, equities analysts anticipate that Mosaic will post 2.27 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MOS. Vanguard Group Inc. grew its holdings in shares of Mosaic by 5.1% during the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after buying an additional 1,893,797 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Mosaic by 1,815.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after purchasing an additional 10,124,427 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after purchasing an additional 1,628,850 shares during the period. AQR Capital Management LLC raised its stake in shares of Mosaic by 15.1% in the second quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock worth $95,691,000 after purchasing an additional 435,598 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Mosaic by 44.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.