Mosaic (NYSE:MOS) PT Lowered to $27.00

Mosaic (NYSE:MOS) had its price objective lowered by equities researchers at Wells Fargo & Company from $29.00 to $27.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 4.65% from the company’s current price.

Several other equities research analysts also recently weighed in on MOS. Piper Sandler decreased their price target on shares of Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research note on Tuesday, June 11th. UBS Group decreased their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Barclays decreased their price target on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.73.

Mosaic Stock Up 1.8 %

MOS traded up $0.46 during midday trading on Tuesday, hitting $25.80. The company had a trading volume of 1,918,284 shares, compared to its average volume of 4,421,438. Mosaic has a 52 week low of $24.11 and a 52 week high of $38.30. The company has a quick ratio of 0.54, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 1.57 and a beta of 1.36. The stock’s 50 day moving average price is $27.63 and its 200 day moving average price is $29.23.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period last year, the firm posted $1.04 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, research analysts anticipate that Mosaic will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at $3,821,628.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the completion of the transaction, the director now owns 34,359 shares in the company, valued at $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MOS. Price T Rowe Associates Inc. MD boosted its stake in Mosaic by 1,815.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock valued at $346,743,000 after acquiring an additional 10,124,427 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Mosaic by 5.1% in the first quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock valued at $1,277,536,000 after purchasing an additional 1,893,797 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 34.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after purchasing an additional 1,628,850 shares during the period. Boston Partners raised its position in shares of Mosaic by 1,795.5% in the first quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after purchasing an additional 1,211,544 shares during the period. Finally, Swedbank AB bought a new stake in shares of Mosaic in the first quarter valued at approximately $37,936,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.