Mosaic (NYSE:MOS) Price Target Cut to $39.00 by Analysts at Barclays

Mosaic (NYSE:MOS - Free Report) had its price target trimmed by Barclays from $42.00 to $39.00 in a report issued on Monday, Benzinga reports. The firm currently has an overweight rating on the basic materials company's stock.

MOS has been the topic of several other reports. Wolfe Research assumed coverage on Mosaic in a report on Friday, March 1st. They set an outperform rating and a $39.00 target price on the stock. Piper Sandler dropped their target price on Mosaic from $32.00 to $29.00 and set an underweight rating on the stock in a report on Tuesday, May 7th. The Goldman Sachs Group dropped their target price on Mosaic from $54.00 to $48.00 and set a buy rating on the stock in a report on Thursday, February 1st. Mizuho dropped their target price on Mosaic from $34.00 to $33.00 and set a neutral rating on the stock in a report on Friday, May 3rd. Finally, TheStreet downgraded Mosaic from a b- rating to a c+ rating in a report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Mosaic has a consensus rating of Hold and a consensus target price of $38.36.

Mosaic Trading Up 0.1 %

NYSE:MOS traded up $0.03 on Monday, hitting $29.46. 2,479,631 shares of the stock were exchanged, compared to its average volume of 4,929,833. The stock has a market cap of $9.48 billion, a PE ratio of 12.54 and a beta of 1.51. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The stock has a fifty day moving average of $31.20 and a 200-day moving average of $32.82. Mosaic has a fifty-two week low of $27.83 and a fifty-two week high of $42.81.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.88 billion. Mosaic had a return on equity of 8.23% and a net margin of 6.07%. The business's revenue was down 25.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 earnings per share. As a group, equities analysts expect that Mosaic will post 2.77 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be given a $0.21 dividend. The ex-dividend date is Thursday, June 6th. This represents a $0.84 annualized dividend and a dividend yield of 2.85%. Mosaic's payout ratio is 35.74%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Mosaic by 5.1% in the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company's stock worth $1,277,536,000 after acquiring an additional 1,893,797 shares in the last quarter. Invesco Ltd. grew its position in shares of Mosaic by 3.2% in the 3rd quarter. Invesco Ltd. now owns 8,792,687 shares of the basic materials company's stock worth $313,020,000 after acquiring an additional 268,966 shares in the last quarter. Northern Trust Corp grew its position in shares of Mosaic by 7.5% in the 3rd quarter. Northern Trust Corp now owns 6,107,545 shares of the basic materials company's stock worth $217,429,000 after acquiring an additional 424,063 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Mosaic by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,969,039 shares of the basic materials company's stock worth $141,829,000 after acquiring an additional 189,706 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its position in Mosaic by 5.1% during the 4th quarter. Pacer Advisors Inc. now owns 3,824,263 shares of the basic materials company's stock valued at $136,641,000 after purchasing an additional 186,337 shares during the period. Institutional investors and hedge funds 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.