Mosaic Co. (MOS) Given Average Recommendation of “Hold” by Brokerages
Shares of Mosaic Co. (NYSE:MOS) have earned an average rating of “Hold” from the twenty-four ratings firms that are currently covering the company. Ten research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is €25.39 ($27.90).
Several brokerages have recently weighed in on MOS. JPMorgan Chase & Co. set a $24.00 price objective on shares of Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Vetr lowered shares of Mosaic from a “buy” rating to a “sell” rating and set a $24.50 price objective on the stock. in a report on Wednesday, July 13th. Citigroup Inc. increased their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. BMO Capital Markets reiterated a “hold” rating and set a $23.00 price objective on shares of Mosaic in a report on Wednesday, August 3rd. Finally, Royal Bank Of Canada lowered shares of Mosaic from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $28.00 to $27.00 in a report on Wednesday, July 13th.
Mosaic (NYSE:MOS) opened at 23.39 on Friday. The firm has a market cap of $8.19 billion, a PE ratio of 14.74 and a beta of 1.39. The firm’s 50-day moving average is $25.72 and its 200 day moving average is $26.66. Mosaic has a 12-month low of $22.02 and a 12-month high of $36.95.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Mosaic had a return on equity of 4.87% and a net margin of 7.37%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business earned $1.05 earnings per share. Mosaic’s revenue for the quarter was down 32.7% on a year-over-year basis. Equities research analysts predict that Mosaic will post $0.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 4.70%. The ex-dividend date is Tuesday, November 29th. Mosaic’s payout ratio is presently 69.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. CI Global Investments Inc. bought a new position in shares of Mosaic during the second quarter valued at approximately $83,140,000. State Street Corp increased its position in shares of Mosaic by 9.7% in the first quarter. State Street Corp now owns 18,789,606 shares of the company’s stock valued at $507,317,000 after buying an additional 1,666,573 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Mosaic by 492.6% in the second quarter. BlackRock Advisors LLC now owns 1,787,763 shares of the company’s stock valued at $46,804,000 after buying an additional 1,486,057 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position in shares of Mosaic by 24.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 6,219,611 shares of the company’s stock valued at $162,829,000 after buying an additional 1,240,400 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Mosaic by 3.9% in the second quarter. Vanguard Group Inc. now owns 32,311,421 shares of the company’s stock valued at $845,912,000 after buying an additional 1,201,675 shares during the last quarter. 88.81% of the stock is currently owned by hedge funds and other institutional investors.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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