Brokerages Set The Mosaic Company (NYSE:MOS) Price Target at $36.42

The Mosaic Company (NYSE:MOS) has been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $36.4167.

MOS has been the subject of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday, August 11th. Zacks Research raised shares of Mosaic from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 14th. UBS Group raised their target price on shares of Mosaic from $45.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mosaic in a report on Monday, July 14th. Finally, Scotiabank reduced their target price on shares of Mosaic from $42.00 to $39.00 and set a “sector outperform” rating for the company in a report on Monday, August 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Mosaic by 2.0% in the second quarter. State Street Corp now owns 13,056,284 shares of the basic materials company’s stock valued at $476,293,000 after buying an additional 251,496 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Mosaic by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company’s stock valued at $310,549,000 after buying an additional 456,327 shares in the last quarter. Geode Capital Management LLC increased its holdings in Mosaic by 1.2% in the second quarter. Geode Capital Management LLC now owns 8,216,928 shares of the basic materials company’s stock valued at $299,180,000 after buying an additional 95,952 shares in the last quarter. Boston Partners increased its holdings in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock valued at $215,540,000 after buying an additional 2,368,094 shares in the last quarter. Finally, Norges Bank purchased a new position in Mosaic in the second quarter valued at $158,085,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Up 2.7%

NYSE:MOS opened at $34.75 on Friday. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The firm has a fifty day simple moving average of $33.70 and a 200-day simple moving average of $32.77. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $11.03 billion, a P/E ratio of 11.78, a PEG ratio of 1.57 and a beta of 1.00.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.20). Mosaic had a return on equity of 4.74% and a net margin of 8.35%.The company had revenue of $3.01 billion for the quarter, compared to analyst estimates of $3.11 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities research analysts anticipate that Mosaic will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, September 8th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a yield of 2.5%. Mosaic’s payout ratio is presently 29.83%.

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.