The Mosaic Company (NYSE:MOS) Stock Has Consensus Target Price of $26.28 According to Brokerages

The Mosaic Company (NYSE:MOS) has earned an average rating of “Hold” from the twenty-three research firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.79.

A number of research firms have commented on MOS. Freedom Capital cut Mosaic from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 13th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. lowered Mosaic from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $27.00 to $25.00 in a research note on Monday, October 5th. Barclays cut their price objective on shares of Mosaic from $26.00 to $22.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, Mizuho decreased their price objective on shares of Mosaic from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares of the company’s stock, valued at $2,570,299.76. The trade was a 16.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On Mosaic

A number of institutional investors and hedge funds have recently modified their holdings of MOS. California State Teachers Retirement System grew its holdings in Mosaic by 22.2% in the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock valued at $9,345,000 after purchasing an additional 66,608 shares during the period. Tejara Capital Ltd purchased a new position in shares of Mosaic in the 2nd quarter worth $1,301,000. Bank of America Corp DE raised its position in shares of Mosaic by 7.4% in the 1st quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after buying an additional 170,724 shares during the period. Deutsche Bank AG purchased a new position in shares of Mosaic in the 2nd quarter worth $73,112,000. Finally, Royal Bank of Canada boosted its holdings in Mosaic by 18.6% in the first quarter. Royal Bank of Canada now owns 401,445 shares of the basic materials company’s stock valued at $10,237,000 after acquiring an additional 62,883 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 3.3%

NYSE:MOS opened at $19.00 on Friday. The company’s 50-day simple moving average is $21.95 and its 200-day simple moving average is $23.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.43 and a current ratio of 1.34. Mosaic has a fifty-two week low of $16.99 and a fifty-two week high of $32.25. The stock has a market capitalization of $6.04 billion, a P/E ratio of 12.73, a P/E/G ratio of 5.79 and a beta of 0.91.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. Mosaic’s revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, equities analysts anticipate that Mosaic will post 0.31 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, December 4th. Mosaic’s payout ratio is presently -43.56%.

Mosaic Company Profile

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.