Atlantic Securities Upgrades Mosaic Co (MOS) to Neutral
Mosaic Co (NYSE:MOS) was upgraded by Atlantic Securities from an “underweight” rating to a “neutral” rating in a note issued to investors on Tuesday, May 9th. The brokerage currently has a $26.00 price target on the basic materials company’s stock. Atlantic Securities’ price target indicates a potential upside of 13.79% from the company’s current price.
MOS has been the topic of several other reports. Zacks Investment Research upgraded Mosaic from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Tuesday, March 21st. Credit Suisse Group AG increased their price target on Mosaic from $19.00 to $20.00 and gave the company an “underperform” rating in a report on Wednesday, January 25th. Cowen and Company raised Mosaic from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 24th. Barclays PLC set a $25.00 price target on Mosaic and gave the company a “sell” rating in a report on Tuesday, February 14th. Finally, BMO Capital Markets reissued a “hold” rating and set a $23.00 price target on shares of Mosaic in a report on Wednesday, February 8th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. Mosaic presently has a consensus rating of “Hold” and a consensus price target of $25.61.
Mosaic (NYSE:MOS) traded up 1.947% on Tuesday, hitting $23.295. The company had a trading volume of 614,134 shares. Mosaic has a one year low of $22.43 and a one year high of $34.36. The stock has a 50 day moving average of $26.29 and a 200-day moving average of $28.85. The stock has a market capitalization of $8.18 billion, a PE ratio of 202.565 and a beta of 1.29.
Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, May 2nd. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.19 by $0.15. Mosaic had a net margin of 4.16% and a return on equity of 2.81%. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the business posted $0.14 earnings per share. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts anticipate that Mosaic will post $1.07 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.63%. Mosaic’s payout ratio is currently 130.95%.
In other Mosaic news, CFO Richard L. Mack acquired 7,500 shares of Mosaic stock in a transaction that occurred on Thursday, May 4th. The stock was bought at an average price of $23.35 per share, with a total value of $175,125.00. Following the completion of the purchase, the chief financial officer now directly owns 136,101 shares of the company’s stock, valued at approximately $3,177,958.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nancy E. Cooper sold 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total transaction of $25,729.00. Following the completion of the transaction, the director now directly owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Turner Investments LLC purchased a new position in Mosaic during the first quarter valued at about $158,000. Ibex Wealth Advisors purchased a new position in Mosaic during the fourth quarter valued at about $174,000. Bronfman E.L. Rothschild L.P. raised its position in Mosaic by 878.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,007 shares of the basic materials company’s stock valued at $175,000 after buying an additional 5,393 shares in the last quarter. Pacer Advisors Inc. raised its position in Mosaic by 3.6% in the first quarter. Pacer Advisors Inc. now owns 6,779 shares of the basic materials company’s stock valued at $198,000 after buying an additional 234 shares in the last quarter. Finally, Putnam Investments LLC purchased a new position in Mosaic during the fourth quarter valued at about $205,000. 88.87% of the stock is owned by institutional investors.
Mosaic Company Profile
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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