Piper Jaffray Companies set a $23.00 price target on Mosaic Company (The) (NYSE:MOS) in a report released on Friday. The brokerage currently has a hold rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the stock. Royal Bank Of Canada restated a hold rating and issued a $26.00 price objective on shares of Mosaic Company (The) in a research note on Wednesday, July 12th. Citigroup Inc. cut their target price on shares of Mosaic Company (The) from $27.00 to $26.00 and set a neutral rating for the company in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a market perform rating and set a $25.00 target price (down from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. BidaskClub cut shares of Mosaic Company (The) from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus reiterated a hold rating and set a $27.00 target price on shares of Mosaic Company (The) in a research note on Friday, July 14th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $24.38.

Mosaic Company (NYSE:MOS) opened at 21.02 on Friday. Mosaic Company has a one year low of $19.23 and a one year high of $34.36. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 50.05 and a beta of 1.29. The firm’s 50-day moving average is $20.56 and its 200 day moving average is $23.43.

Mosaic Company (The) (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the previous year, the company earned $0.06 earnings per share. Mosaic Company (The)’s revenue for the quarter was up 4.7% on a year-over-year basis. Analysts forecast that Mosaic Company will post $0.76 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Thursday, September 7th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.85%. The ex-dividend date was Wednesday, September 6th. Mosaic Company (The)’s dividend payout ratio (DPR) is presently 142.86%.

In other Mosaic Company (The) news, Director Robert L. Lumpkins purchased 7,000 shares of the stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $19.94 per share, with a total value of $139,580.00. Following the acquisition, the director now directly owns 9,339 shares of the company’s stock, valued at approximately $186,219.66. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.38% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. W. E. Donoghue & Co. LLC bought a new stake in Mosaic Company (The) in the 2nd quarter valued at $15,880,000. Sentry Investment Management LLC increased its holdings in Mosaic Company (The) by 1.0% in the 2nd quarter. Sentry Investment Management LLC now owns 23,662 shares of the basic materials company’s stock valued at $540,000 after buying an additional 223 shares during the period. Toronto Dominion Bank increased its holdings in Mosaic Company (The) by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 119,685 shares of the basic materials company’s stock valued at $2,731,000 after buying an additional 24,373 shares during the period. Afam Capital Inc. increased its holdings in Mosaic Company (The) by 39.1% in the 2nd quarter. Afam Capital Inc. now owns 161,882 shares of the basic materials company’s stock valued at $3,696,000 after buying an additional 45,534 shares during the period. Finally, Auxier Asset Management increased its holdings in Mosaic Company (The) by 0.4% in the 2nd quarter. Auxier Asset Management now owns 84,731 shares of the basic materials company’s stock valued at $1,934,000 after buying an additional 300 shares during the period. 77.00% of the stock is currently 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.

Analyst Recommendations for Mosaic Company (The) (NYSE:MOS)

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