Mosaic’s (MOS) Hold Rating Reiterated at Cowen
Several other research analysts have also recently weighed in on MOS. JPMorgan Chase & Co. began coverage on Mosaic in a research report on Friday. They set a neutral rating and a $26.00 price objective on the stock. Zacks Investment Research cut Mosaic from a buy rating to a hold rating in a research report on Friday. Royal Bank of Canada increased their price objective on Mosaic from $24.00 to $28.00 and gave the stock a sector perform rating in a research report on Friday. Citigroup increased their price objective on Mosaic from $23.00 to $25.00 and gave the stock a neutral rating in a research report on Thursday, November 2nd. Finally, BMO Capital Markets increased their price objective on Mosaic from $23.00 to $24.00 and gave the stock a market perform rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $24.68.
Mosaic (MOS) opened at $27.22 on Friday. The company has a current ratio of 1.78, a quick ratio of 0.90 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $9,560.00, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 2.69 and a beta of 1.31. Mosaic has a 12-month low of $19.23 and a 12-month high of $34.36.
Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.18. The firm had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic had a return on equity of 3.61% and a net margin of 4.68%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.41 EPS. sell-side analysts forecast that Mosaic will post 1.01 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Wednesday, February 28th. Mosaic’s dividend payout ratio (DPR) is currently 10.53%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Copper Rock Capital Partners LLC acquired a new stake in shares of Mosaic during the 4th quarter worth $10,100,000. Shelton Capital Management boosted its stake in Mosaic by 17.8% in the third quarter. Shelton Capital Management now owns 186,568 shares of the basic materials company’s stock valued at $4,028,000 after buying an additional 28,200 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Mosaic in the third quarter valued at about $663,000. Moors & Cabot Inc. boosted its stake in Mosaic by 7.2% in the third quarter. Moors & Cabot Inc. now owns 47,567 shares of the basic materials company’s stock valued at $1,028,000 after buying an additional 3,183 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Mosaic by 5.9% in the third quarter. California Public Employees Retirement System now owns 1,110,509 shares of the basic materials company’s stock valued at $23,976,000 after buying an additional 61,920 shares in the last quarter. 76.94% of the stock is currently owned by institutional investors.
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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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