Mosaic Company (The) (MOS) Upgraded at Zacks Investment Research
Zacks Investment Research upgraded shares of Mosaic Company (The) (NYSE:MOS) from a hold rating to a buy rating in a report released on Friday morning. Zacks Investment Research currently has $25.00 target price on the stock.
According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity.”
MOS has been the subject of several other research reports. Royal Bank Of Canada cut their target price on Mosaic Company (The) to C$23.00 and set a sector perform rating for the company in a research report on Thursday, August 3rd. Stifel Nicolaus restated a hold rating and set a $24.00 price target on shares of Mosaic Company (The) in a report on Thursday, October 12th. BMO Capital Markets restated a market perform rating and set a $25.00 price target (up previously from $23.00) on shares of Mosaic Company (The) in a report on Friday, October 6th. Piper Jaffray Companies set a $23.00 price target on Mosaic Company (The) and gave the company a hold rating in a report on Friday, October 6th. Finally, HSBC Holdings plc initiated coverage on Mosaic Company (The) in a report on Wednesday, October 11th. They set a buy rating and a $24.80 price target for the company. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Mosaic Company (The) presently has a consensus rating of Hold and a consensus price target of C$23.91.
Mosaic Company (MOS) traded down C$0.09 during trading hours on Friday, hitting C$22.38. The company had a trading volume of 4,451,158 shares, compared to its average volume of 4,089,657. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.88. Mosaic Company has a 12-month low of C$19.23 and a 12-month high of C$34.36. The stock has a market capitalization of $7,856.48, a PE ratio of 21.94, a P/E/G ratio of 2.67 and a beta of 1.27.
Mosaic Company (The) (NYSE:MOS) last released its earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.25 by C$0.18. Mosaic Company (The) had a return on equity of 3.61% and a net margin of 4.68%. The firm had revenue of C$1.98 billion during the quarter, compared to analysts’ expectations of C$1.93 billion. During the same quarter last year, the business posted $0.41 earnings per share. The firm’s revenue was up 1.7% on a year-over-year basis. research analysts predict that Mosaic Company will post 0.88 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Thursday, December 7th will be issued a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Wednesday, December 6th. Mosaic Company (The)’s dividend payout ratio (DPR) is 62.50%.
In other Mosaic Company (The) news, Director Robert L. Lumpkins purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of C$19.94 per share, with a total value of C$139,580.00. Following the purchase, the director now owns 9,339 shares of the company’s stock, valued at C$186,219.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Mosaic Company (The) by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 36,254,086 shares of the company’s stock worth $827,681,000 after acquiring an additional 793,205 shares during the last quarter. State Street Corp lifted its stake in shares of Mosaic Company (The) by 2.0% during the 2nd quarter. State Street Corp now owns 19,950,012 shares of the company’s stock worth $455,461,000 after acquiring an additional 397,403 shares during the last quarter. Shapiro Capital Management LLC lifted its stake in shares of Mosaic Company (The) by 13.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 6,251,974 shares of the company’s stock worth $142,733,000 after acquiring an additional 718,812 shares during the last quarter. FMR LLC lifted its stake in shares of Mosaic Company (The) by 6.3% during the 2nd quarter. FMR LLC now owns 5,428,123 shares of the company’s stock worth $123,923,000 after acquiring an additional 319,637 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. lifted its stake in shares of Mosaic Company (The) by 146.0% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the company’s stock worth $58,156,000 after acquiring an additional 1,511,638 shares during the last quarter. 77.23% of the stock is owned by hedge funds and other institutional investors.
About Mosaic Company (The)
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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