The Mosaic Company (NYSE:MOS - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.47 and last traded at $35.34, with a volume of 3950637 shares changing hands. The stock had previously closed at $35.21.
Wall Street Analyst Weigh In
Several research firms recently issued reports on MOS. BNP Paribas raised Mosaic to a "strong-buy" rating in a research report on Wednesday, April 9th. Oppenheimer raised their target price on Mosaic from $33.00 to $40.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Barclays restated an "overweight" rating and set a $40.00 target price (up from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. Piper Sandler reiterated a "neutral" rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, March 27th. Finally, Wall Street Zen upgraded Mosaic from a "hold" rating to a "buy" rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of "Moderate Buy" and a consensus price target of $34.58.
View Our Latest Stock Analysis on MOS
Mosaic Stock Up 0.3%
The firm has a market cap of $11.14 billion, a price-to-earnings ratio of 31.09, a P/E/G ratio of 1.42 and a beta of 1.09. The firm's 50 day moving average price is $29.00 and its two-hundred day moving average price is $27.06. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.
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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 earnings per share. As a group, sell-side analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.
Mosaic Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 2.50%. Mosaic's dividend payout ratio is currently 75.86%.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in MOS. Norges Bank acquired a new stake in shares of Mosaic in the fourth quarter valued at approximately $97,363,000. Invesco Ltd. lifted its holdings in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock valued at $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Boston Partners lifted its holdings in shares of Mosaic by 42.2% during the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after acquiring an additional 2,368,094 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mosaic by 24.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after acquiring an additional 2,151,426 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Mosaic during the 1st quarter valued at $54,953,000. 77.54% of the stock is owned by hedge funds and other institutional investors.
About Mosaic
(
Get Free Report)
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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