Mizuho Cuts Mosaic (NYSE:MOS) Price Target to $27.00

Mosaic (NYSE:MOS) had its target price decreased by Mizuho from $30.00 to $27.00 in a research note published on Wednesday morning,MarketScreener reports. Mizuho currently has a neutral rating on the basic materials company’s stock.

Other research analysts have also issued research reports about the company. The Goldman Sachs Group cut their price objective on Mosaic from $32.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group lowered 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. Bank of America lowered 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. Oppenheimer set a $35.00 price objective on Mosaic in a research report on Friday, January 16th. Finally, Scotiabank cut their price objective on Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a research report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.00.

Mosaic Trading Down 1.0%

Shares of Mosaic stock opened at $24.49 on Wednesday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.52 and a beta of 0.95. The business has a 50-day moving average price of $27.06 and a 200-day moving average price of $27.01. The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Mosaic has a twelve month low of $23.06 and a twelve month high of $38.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm 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 company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Equities research analysts anticipate that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business 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 $0.22 dividend. The ex-dividend date is Thursday, May 21st. This represents a $0.88 annualized dividend and a yield of 3.6%. Mosaic’s dividend payout ratio (DPR) is currently 52.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dorsey Wright & Associates purchased a new position in Mosaic in the third quarter worth about $4,170,000. Wedge Capital Management L L P NC boosted its position in shares of Mosaic by 87.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after buying an additional 175,914 shares during the period. Barclays PLC boosted its position in shares of Mosaic by 55.6% during the third quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after buying an additional 574,352 shares during the period. Algert Global LLC boosted its position in shares of Mosaic by 26.3% during the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after buying an additional 79,222 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Mosaic during the fourth quarter valued at approximately $1,302,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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.