Mosaic (NYSE:MOS) Price Target Cut to $30.00

Mosaic (NYSE:MOS) had its target price reduced by Barclays from $32.00 to $30.00 in a research report report published on Friday morning, Benzinga reports. Barclays currently has an overweight rating on the basic materials company’s stock.

Several other brokerages also recently commented on MOS. UBS Group cut their target price on Mosaic from $33.00 to $30.00 and set a neutral rating on the stock in a research note on Tuesday, July 9th. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $27.00 and set an equal weight rating for the company in a research report on Tuesday, September 24th. Mizuho dropped their price target on shares of Mosaic from $31.00 to $28.00 and set a neutral rating on the stock in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued a sector perform rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $33.11.

Mosaic Stock Down 0.9 %

MOS stock opened at $26.16 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average of $26.80 and a 200 day moving average of $28.72. Mosaic has a twelve month low of $24.11 and a twelve month high of $38.30. The firm has a market cap of $8.42 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a return on equity of 6.92% and a net margin of 2.01%. The company had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the firm earned $1.04 EPS. Mosaic’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, research analysts forecast that Mosaic will post 2.34 EPS for the current fiscal 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 given a $0.21 dividend. The ex-dividend date was Thursday, September 5th. This represents a $0.84 annualized dividend and a yield of 3.21%. Mosaic’s payout ratio is presently 35.74%.

Insider Activity

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now owns 34,359 shares in the company, valued at $938,687.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.86% of the company’s stock.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Mosaic by 5.1% in 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 acquiring an additional 1,893,797 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mosaic by 1,815.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock worth $183,155,000 after purchasing an additional 1,628,850 shares during the period. AQR Capital Management LLC grew its holdings in Mosaic by 15.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after buying an additional 435,598 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its position in shares of Mosaic by 13.6% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,579,644 shares of the basic materials company’s stock valued at $74,552,000 after buying an additional 308,110 shares during the last quarter. Hedge funds and other institutional investors 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.