Mosaic (NYSE:MOS) had its target price lowered by Morgan Stanley from $36.00 to $29.00 in a research report released on Tuesday morning, The Fly reports. The firm currently has an equal weight rating on the basic materials company’s stock.

Several other research firms have also commented on MOS. Royal Bank of Canada lowered shares of Zayo Group from an outperform rating to a sector perform rating and raised their price target for the company from $33.00 to $35.00 in a research report on Wednesday, May 8th. Stifel Nicolaus decreased their price objective on shares of Zogenix from $72.00 to $61.00 and set a buy rating on the stock in a report on Tuesday, April 9th. UBS Group reaffirmed a hold rating on shares of easyJet in a report on Monday, April 1st. JPMorgan Chase & Co. increased their price objective on shares of LYFT from $82.00 to $86.00 in a report on Wednesday, May 8th. Finally, TheStreet downgraded shares of Trade Desk from a b- rating to a c- rating in a report on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Mosaic currently has an average rating of Hold and an average price target of $32.77.

NYSE:MOS opened at $22.49 on Tuesday. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 10.61, a P/E/G ratio of 2.00 and a beta of 1.57. Mosaic has a 1-year low of $20.81 and a 1-year high of $37.37. The business has a fifty day simple moving average of $23.04. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.73 and a quick ratio of 0.66.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.20 earnings per share. Equities research analysts forecast that Mosaic will post 1.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were paid a $0.05 dividend. This is an increase from Mosaic’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, June 5th. Mosaic’s dividend payout ratio (DPR) is currently 9.43%.

In other news, CFO Clint Freeland bought 4,250 shares of Mosaic stock in a transaction on Friday, May 10th. The shares were bought at an average cost of $23.60 per share, with a total value of $100,300.00. Following the completion of the purchase, the chief financial officer now directly owns 4,250 shares of the company’s stock, valued at $100,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emery N. Koenig bought 2,089 shares of Mosaic stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $23.95 per share, for a total transaction of $50,031.55. Following the completion of the purchase, the director now directly owns 25,244 shares of the company’s stock, valued at $604,593.80. The disclosure for this purchase can be found here. Over the last three months, insiders bought 17,339 shares of company stock worth $414,182. Insiders own 0.51% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. LPL Financial LLC raised its stake in Mosaic by 3.1% during the 4th quarter. LPL Financial LLC now owns 23,410 shares of the basic materials company’s stock worth $684,000 after buying an additional 707 shares during the period. Raymond James & Associates raised its stake in Mosaic by 27.4% during the 4th quarter. Raymond James & Associates now owns 299,651 shares of the basic materials company’s stock worth $8,753,000 after buying an additional 64,455 shares during the period. Advisor Group Inc. increased its holdings in Mosaic by 21.7% during the 4th quarter. Advisor Group Inc. now owns 12,857 shares of the basic materials company’s stock worth $376,000 after purchasing an additional 2,296 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Mosaic during the 4th quarter worth approximately $680,000. Finally, Employees Retirement System of Texas increased its holdings in Mosaic by 95.8% during the 4th quarter. Employees Retirement System of Texas now owns 23,500 shares of the basic materials company’s stock worth $686,000 after purchasing an additional 11,500 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.

See Also: How to interpret a stock’s beta number

The Fly

Analyst Recommendations for Mosaic (NYSE:MOS)

Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.