Mosaic (NYSE:MOS) PT Lowered to $33.00

Mosaic (NYSE:MOS - Free Report) had its price objective decreased by Mizuho from $34.00 to $33.00 in a research note published on Friday morning, Benzinga reports. Mizuho currently has a neutral rating on the basic materials company's stock.

Several other equities research analysts have also weighed in on the company. TheStreet lowered Mosaic from a b- rating to a c+ rating in a report on Tuesday, February 6th. Wolfe Research initiated coverage on Mosaic in a research report on Friday, March 1st. They issued an outperform rating and a $39.00 price objective for the company. Scotiabank upgraded Mosaic from a sector perform rating to a sector outperform rating and set a $40.00 price objective for the company in a research report on Thursday, February 22nd. Piper Sandler downgraded Mosaic from a neutral rating to an underweight rating and lowered their price objective for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lowered their price objective on Mosaic from $54.00 to $48.00 and set a buy rating for the company in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of Hold and an average target price of $40.20.

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.27 during mid-day trading on Friday, reaching $28.68. 5,228,977 shares of the company's stock were exchanged, compared to its average volume of 5,012,657. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.54 and a beta of 1.51. Mosaic has a 52 week low of $27.83 and a 52 week high of $42.81. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.22 and a quick ratio of 0.57. The firm has a 50-day moving average price of $31.41 and a two-hundred day moving average price of $33.08.

Mosaic (NYSE:MOS - Get Free Report) last released its earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a return on equity of 8.19% and a net margin of 6.07%. The company's revenue for the quarter was down 25.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. Analysts predict that Mosaic will post 2.78 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.93%. Mosaic's dividend payout ratio (DPR) is presently 35.74%.

Institutional Investors Weigh In On Mosaic

Several institutional investors have recently modified their holdings of MOS. Exchange Traded Concepts LLC boosted its position in shares of Mosaic by 526.1% during the third quarter. Exchange Traded Concepts LLC now owns 1,534 shares of the basic materials company's stock valued at $55,000 after buying an additional 1,289 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Mosaic by 29.9% during the third quarter. Commonwealth Equity Services LLC now owns 94,382 shares of the basic materials company's stock valued at $3,360,000 after buying an additional 21,706 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Mosaic by 91.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 62,092 shares of the basic materials company's stock worth $2,210,000 after purchasing an additional 29,644 shares during the last quarter. Xponance Inc. boosted its position in Mosaic by 1.9% in the third quarter. Xponance Inc. now owns 45,045 shares of the basic materials company's stock worth $1,604,000 after purchasing an additional 827 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in Mosaic by 4.3% in the third quarter. Miracle Mile Advisors LLC now owns 12,600 shares of the basic materials company's stock worth $449,000 after purchasing an additional 525 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

About Mosaic

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.