Mosaic (NYSE:MOS) Price Target Cut to $33.00 by Analysts at Mizuho

Mosaic (NYSE:MOS) had its price target lowered by Mizuho from $34.00 to $33.00 in a research note published on Friday, Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

MOS has been the topic of a number of other reports. TheStreet cut Mosaic from a b- rating to a c+ rating in a research note on Tuesday, February 6th. The Goldman Sachs Group reduced their price objective on Mosaic from $54.00 to $48.00 and set a buy rating on the stock in a research note on Thursday, February 1st. Piper Sandler cut Mosaic from a neutral rating to an underweight rating and reduced their price objective for the company from $42.00 to $32.00 in a research note on Thursday, February 29th. Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They issued an outperform rating and a $39.00 price objective on the stock. Finally, Scotiabank upgraded Mosaic from a sector perform rating to a sector outperform rating and set a $40.00 price objective on the stock in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Mosaic currently has an average rating of Hold and a consensus price target of $38.79.

Mosaic Stock Up 1.3 %

NYSE:MOS opened at $29.04 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26. The stock’s fifty day moving average is $31.36 and its two-hundred day moving average is $32.97. Mosaic has a 52 week low of $27.83 and a 52 week high of $42.81. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 12.36 and a beta of 1.51.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company earned $1.14 earnings per share. The firm’s revenue for the quarter was down 25.7% on a year-over-year basis. Research analysts anticipate that Mosaic will post 2.78 EPS for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 6th. Mosaic’s payout ratio is 35.74%.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently made changes to their positions in MOS. Norges Bank purchased a new position in shares of Mosaic during the fourth quarter worth about $107,893,000. Assenagon Asset Management S.A. grew its holdings in shares of Mosaic by 8,776.5% during the third quarter. Assenagon Asset Management S.A. now owns 627,654 shares of the basic materials company’s stock worth $22,344,000 after buying an additional 620,583 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Mosaic by 7.5% during the third quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company’s stock worth $217,429,000 after buying an additional 424,063 shares during the last quarter. AustralianSuper Pty Ltd grew its holdings in shares of Mosaic by 23.1% during the fourth quarter. AustralianSuper Pty Ltd now owns 2,083,150 shares of the basic materials company’s stock worth $74,431,000 after buying an additional 391,191 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Mosaic by 68.3% during the first quarter. BNP Paribas Financial Markets now owns 865,116 shares of the basic materials company’s stock worth $28,082,000 after buying an additional 351,046 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

About Mosaic

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.