Mosaic (NYSE:MOS) Downgraded by Barclays to Underweight

Barclays cut shares of Mosaic (NYSE:MOS) from an overweight rating to an underweight rating in a research report sent to investors on Tuesday, MarketBeat reports. Barclays currently has $27.00 price target on the basic materials company’s stock, down from their previous price target of $30.00.

A number of other equities analysts have also commented on the company. Royal Bank of Canada reissued a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, November 14th. Piper Sandler upgraded Mosaic from an “underweight” rating to a “neutral” rating and increased their target price for the company from $26.00 to $30.00 in a research report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 24th. CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Finally, Mizuho boosted their target price on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Mosaic currently has a consensus rating of “Hold” and an average target price of $34.82.

Mosaic Trading Down 0.1 %

Shares of MOS opened at $27.12 on Tuesday. The firm has a market cap of $8.61 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a 1 year low of $23.56 and a 1 year high of $33.44. The company has a 50 day simple moving average of $25.63 and a two-hundred day simple moving average of $26.69.

Mosaic (NYSE:MOS) last posted its earnings results 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). Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue was down 20.8% on a year-over-year basis. On average, equities analysts expect that Mosaic will post 2.06 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.25%. Mosaic’s dividend payout ratio is currently 74.34%.

Hedge Funds Weigh In On Mosaic

Large investors have recently bought and sold shares of the business. Quarry LP boosted its stake in shares of Mosaic by 131.4% during the second quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after purchasing an additional 22,084 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares during the period. Swedbank AB grew its stake in Mosaic by 2.3% in the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after acquiring an additional 28,816 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Mosaic during the third quarter worth approximately $1,251,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Mosaic during the second quarter valued at approximately $1,815,000. Hedge funds and other 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.