Mosaic (NYSE:MOS) Price Target Raised to $32.00

Mosaic (NYSE:MOS) had its price objective raised by The Goldman Sachs Group from $30.00 to $32.00 in a report released on Wednesday morning,MarketScreener reports. They currently have a buy rating on the basic materials company’s stock.

A number of other brokerages also recently weighed in on MOS. Royal Bank Of Canada upped their price objective on shares of Mosaic from $27.00 to $29.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Morgan Stanley increased their target price on Mosaic from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 14th. Scotiabank upped their price objective on shares of Mosaic from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Monday, November 10th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Mosaic currently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic Stock Performance

MOS stock traded up $0.64 during trading on Wednesday, hitting $28.80. 6,426,797 shares of the company traded hands, compared to its average volume of 6,680,126. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a market cap of $9.14 billion, a PE ratio of 7.46, a P/E/G ratio of 1.30 and a beta of 0.94. The stock’s 50-day simple moving average is $24.97 and its 200 day simple moving average is $29.92. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same quarter last year, the company earned $0.34 EPS. The business’s revenue was up 22.8% on a year-over-year basis. On average, equities analysts expect 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. Stockholders of record on Monday, March 9th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is currently 22.80%.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its stake in shares of Mosaic by 172.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Rothschild Investment LLC raised its stake in Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 650 shares during the period. Rexford Capital Inc. acquired a new position in Mosaic in the 2nd quarter valued at about $28,000. Finally, True Wealth Design LLC grew its stake in shares of Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after buying an additional 764 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

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.