Mosaic (NYSE:MOS) Sets New 12-Month High on Analyst Upgrade

The Mosaic Company (NYSE:MOS - Get Free Report) reached a new 52-week high on Wednesday after StockNews.com upgraded the stock from a hold rating to a buy rating. The stock traded as high as $34.42 and last traded at $34.22, with a volume of 6670300 shares trading hands. The stock had previously closed at $32.95.

Other research analysts have also recently issued research reports about the company. UBS Group boosted their price target on Mosaic from $28.00 to $31.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Mizuho decreased their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. CIBC boosted their price target on Mosaic from $32.00 to $33.00 and gave the stock a "neutral" rating in a research note on Friday, May 9th. Piper Sandler reiterated a "neutral" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Finally, Scotiabank upped their price objective on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $33.33.

Institutional Trading of Mosaic

Several hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC bought a new stake in Mosaic during the first quarter valued at about $64,000. Algert Global LLC purchased a new stake in shares of Mosaic during the first quarter worth about $7,575,000. Raymond James Financial Inc. lifted its holdings in Mosaic by 583.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,000,298 shares of the basic materials company's stock worth $27,018,000 after purchasing an additional 853,862 shares in the last quarter. Ethic Inc. boosted its stake in Mosaic by 93.8% in the 1st quarter. Ethic Inc. now owns 24,773 shares of the basic materials company's stock worth $664,000 after purchasing an additional 11,992 shares during the period. Finally, Brandywine Global Investment Management LLC bought a new position in Mosaic in the 1st quarter worth approximately $5,212,000. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 3.9%

The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $10.85 billion, a P/E ratio of 30.28, a P/E/G ratio of 1.42 and a beta of 1.09. The company has a 50 day simple moving average of $27.30 and a two-hundred day simple moving average of $26.58.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company posted $0.65 EPS. The firm's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.57%. Mosaic's payout ratio is 75.86%.

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.

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