Mosaic (NYSE:MOS) Price Target Cut to $30.00 by Analysts at Morgan Stanley

Mosaic (NYSE:MOS) had its target price trimmed by Morgan Stanley from $40.00 to $30.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an equal weight rating on the basic materials company’s stock.

Several other research firms also recently issued reports on MOS. Piper Sandler upgraded shares of Mosaic from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $26.00 to $30.00 in a report on Monday. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 24th. Oppenheimer assumed coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Barclays cut their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.09.

Mosaic Price Performance

NYSE MOS opened at $26.75 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. Mosaic has a 1 year low of $23.56 and a 1 year high of $33.44. The stock has a market capitalization of $8.50 billion, a P/E ratio of 23.67, a P/E/G ratio of 1.85 and a beta of 1.34. The business’s fifty day moving average is $25.72 and its two-hundred day moving average is $26.73.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The company’s revenue for the quarter was down 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, research analysts forecast that Mosaic will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.29%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is 77.88%.

Institutional Investors Weigh In On Mosaic

Several large investors have recently bought and sold shares of the company. Kimelman & Baird LLC acquired a new position in Mosaic in the second quarter valued at about $49,000. Blue Trust Inc. grew its stake in Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 570 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in shares of Mosaic by 85.2% in the 3rd quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock valued at $59,000 after buying an additional 1,007 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.