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

Key Points

• Analysts have a consensus “Hold” rating on Mosaic, with 13 holds, six buys and three sells. The average 12-month price target is $26.28, although several firms recently cut targets to $22.
• Mosaic’s latest quarterly results slightly beat EPS expectations at $0.13 versus $0.12, but revenue of $2.82 billion fell short of the $3.10 billion estimate and declined 6% year over year.
• The company declared a quarterly dividend of $0.22, equal to an annualized $0.88 payout and a 4.8% yield. Institutional investors own 77.54% of Mosaic, while an insider recently sold 23,000 shares.

The Mosaic Company (NYSE:MOS - Get Free Report) has earned a consensus rating of "Hold" from the twenty-two analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.28.

A number of equities analysts have recently weighed in on the company. Wall Street Zen downgraded Mosaic from a "sell" rating to a "strong sell" rating in a research note on Sunday, July 12th. Canadian Imperial Bank of Commerce dropped their price objective on Mosaic from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Zacks Research raised Mosaic from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 21st. Mizuho decreased their target price on Mosaic from $25.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Finally, KeyCorp initiated coverage on Mosaic in a research note on Thursday, September 10th. They issued a "sector weight" rating on the stock.

Mosaic Stock Up 0.9%

MOS stock opened at $18.39 on Friday. The stock's 50 day simple moving average is $22.06 and its 200 day simple moving average is $23.93. The company has a market cap of $5.85 billion, a P/E ratio of -9.10, a price-to-earnings-growth ratio of 5.76 and a beta of 0.91. 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.

Mosaic (NYSE:MOS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. The firm had revenue of $2.82 billion during the quarter, compared to analysts' expectations of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The business's revenue was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, research analysts expect that Mosaic will post 0.31 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.88 annualized dividend and a yield of 4.8%. Mosaic's dividend payout ratio (DPR) is -43.56%.

Insider Transactions at Mosaic

In related news, SVP Walter Precourt, III sold 23,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president directly owned 116,198 shares in the company, valued at approximately $2,570,299.76. The trade was a 16.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company's stock.

Hedge Funds Weigh In On Mosaic

Several large investors have recently modified their holdings of MOS. Verity Asset Management Inc. raised its stake in shares of Mosaic by 40.4% during the 3rd quarter. Verity Asset Management Inc. now owns 62,096 shares of the basic materials company's stock valued at $1,344,000 after purchasing an additional 17,871 shares during the period. Rakuten Investment Management Inc. lifted its holdings in Mosaic by 8.0% during the 3rd quarter. Rakuten Investment Management Inc. now owns 36,389 shares of the basic materials company's stock worth $816,000 after purchasing an additional 2,690 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in Mosaic in the 3rd quarter worth about $131,000. Sicart Associates LLC boosted its stake in Mosaic by 2.0% in the 3rd quarter. Sicart Associates LLC now owns 210,115 shares of the basic materials company's stock worth $4,549,000 after purchasing an additional 4,050 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Mosaic in the 3rd quarter worth about $1,787,000. Hedge funds and other institutional investors own 77.54% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.