Mosaic (NYSE:MOS) Price Target Lowered to $38.00 at Wolfe Research

Mosaic (NYSE:MOS) had its price target decreased by Wolfe Research from $41.00 to $38.00 in a report published on Friday morning,MarketScreener reports. Wolfe Research currently has an outperform rating on the basic materials company’s stock.

A number of other equities analysts have also recently weighed in on the company. Barclays dropped their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 9th. HSBC reduced their target price on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. Wells Fargo & Company began coverage on Mosaic in a research report on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price target on the stock. Morgan Stanley increased their price objective on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Mizuho lowered their target price on Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average price target of $31.50.

Mosaic Price Performance

Mosaic stock traded down $1.21 during trading hours on Friday, hitting $26.37. 14,228,322 shares of the company traded hands, compared to its average volume of 5,985,415. The firm’s 50-day simple moving average is $24.79 and its two-hundred day simple moving average is $30.21. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.37 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.16 and a beta of 0.94. Mosaic has a 1-year low of $22.36 and a 1-year high of $38.23.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a return on equity of 6.46% and a net margin of 10.33%.The firm had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter in the previous year, the company earned $0.34 earnings per share. The firm’s quarterly revenue was up 22.8% compared to the same quarter last year. As a group, analysts forecast that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a yield of 3.3%. Mosaic’s payout ratio is 22.80%.

Institutional Trading of Mosaic

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC raised its position in shares of Mosaic by 632.6% during the third quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock valued at $291,348,000 after buying an additional 7,294,205 shares during the last quarter. Norges Bank bought a new position in Mosaic during the second quarter valued at about $158,085,000. Bank of New York Mellon Corp raised its holdings in Mosaic by 102.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock valued at $267,092,000 after acquiring an additional 3,894,947 shares in the last quarter. Truist Financial Corp raised its holdings in Mosaic by 13,275.9% in the 2nd quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock valued at $73,793,000 after acquiring an additional 2,007,717 shares in the last quarter. Finally, Merewether Investment Management LP bought a new stake in shares of Mosaic in the 2nd quarter worth approximately $72,380,000. 77.54% of the stock is owned by institutional investors.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.