Mosaic (NYSE:MOS) PT Lowered to $30.00 at Barclays

Mosaic (NYSE:MOS) had its price objective trimmed by Barclays from $32.00 to $30.00 in a research report released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the basic materials company’s stock.

A number of other analysts have also recently issued reports on MOS. Royal Bank of Canada reiterated a sector perform rating and issued a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Mizuho reduced their price objective on shares of Mosaic from $31.00 to $28.00 and set a neutral rating for the company in a research note on Wednesday, October 9th. UBS Group lowered their target price on shares of Mosaic from $33.00 to $30.00 and set a neutral rating on the stock in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company cut their target price on Mosaic from $29.00 to $27.00 and set an equal weight rating on the stock in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $33.11.

Mosaic Stock Down 0.0 %

MOS stock opened at $26.15 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The firm has a market cap of $8.41 billion, a PE ratio of 11.10, a P/E/G ratio of 1.54 and a beta of 1.35. Mosaic has a 12 month low of $24.11 and a 12 month high of $38.30. The firm has a 50 day simple moving average of $26.80 and a 200 day simple moving average of $28.70.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $1.04 earnings per share. Mosaic’s quarterly revenue was down 17.0% compared to the same quarter last year. Equities research analysts forecast that Mosaic will post 2.34 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, September 5th. Mosaic’s dividend payout ratio is currently 35.74%.

Insider Activity at Mosaic

In related news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares of the company’s stock, valued at $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the sale, the director now owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Price T Rowe Associates Inc. MD lifted its position in shares of Mosaic by 1,815.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,682,108 shares of the basic materials company’s stock worth $346,743,000 after purchasing an additional 10,124,427 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Mosaic by 5.1% during the 1st quarter. Vanguard Group Inc. now owns 39,357,229 shares of the basic materials company’s stock worth $1,277,536,000 after buying an additional 1,893,797 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Mosaic by 34.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,337,124 shares of the basic materials company’s stock valued at $183,155,000 after buying an additional 1,628,850 shares during the last quarter. Boston Partners increased its stake in shares of Mosaic by 1,795.5% in the 1st quarter. Boston Partners now owns 1,279,022 shares of the basic materials company’s stock valued at $41,496,000 after buying an additional 1,211,544 shares during the period. Finally, Swedbank AB bought a new stake in shares of Mosaic during the first quarter worth $37,936,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

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 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.