Shares of Mosaic Co (NYSE:MOS) have been assigned an average rating of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $25.40.
A number of equities analysts recently commented on MOS shares. Cfra reiterated a “buy” rating and set a $26.00 target price on shares of Mosaic in a research note on Thursday, November 7th. JPMorgan Chase & Co. lowered their target price on shares of Mosaic from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, December 12th. UBS Group lowered their target price on shares of Mosaic from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday. Citigroup downgraded shares of Mosaic from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $29.00 to $21.00 in a research note on Friday, February 14th. Finally, CIBC reiterated a “buy” rating and set a $25.00 target price on shares of Mosaic in a research note on Thursday, November 7th.
Several large investors have recently made changes to their positions in MOS. Boston Partners raised its holdings in shares of Mosaic by 19.1% in the third quarter. Boston Partners now owns 20,566,942 shares of the basic materials company’s stock valued at $421,643,000 after buying an additional 3,296,438 shares during the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Mosaic in the fourth quarter valued at about $64,112,000. Donald Smith & CO. Inc. purchased a new stake in shares of Mosaic in the fourth quarter valued at about $36,901,000. Phoenix Holdings Ltd. purchased a new stake in shares of Mosaic in the third quarter valued at about $32,784,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Mosaic in the fourth quarter valued at about $19,030,000. 74.95% of the stock is owned by institutional investors and hedge funds.
Mosaic (NYSE:MOS) last issued its earnings results on Wednesday, February 19th. The basic materials company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.24). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 EPS. Equities research analysts forecast that Mosaic will post 0.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Thursday, March 5th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.20 annualized dividend and a yield of 1.08%. Mosaic’s dividend payout ratio is presently 9.43%.
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 International Distribution. 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.
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