Mosaic (NYSE:MOS) Earns “Buy” Rating from Cfra

Cfra reaffirmed their buy rating on shares of Mosaic (NYSE:MOS) in a report published on Thursday, AnalystRatings.com reports. Cfra currently has a $26.00 price target on the basic materials company’s stock.

Several other brokerages also recently issued reports on MOS. JPMorgan Chase & Co. downgraded Mosaic from an overweight rating to a neutral rating and decreased their price target for the stock from $24.00 to $20.00 in a report on Wednesday. Stifel Nicolaus dropped their price target on Mosaic from $26.00 to $23.00 and set a hold rating on the stock in a research report on Friday, October 4th. Consumer Edge started coverage on Mosaic in a research report on Monday, September 23rd. They set an equal weight rating and a $22.00 price target on the stock. ValuEngine raised Mosaic from a sell rating to a hold rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada dropped their price objective on Mosaic from $32.00 to $26.00 and set an outperform rating on the stock in a report on Friday, September 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $27.75.

Mosaic stock traded up $0.07 during midday trading on Thursday, reaching $20.81. The company’s stock had a trading volume of 3,976,617 shares, compared to its average volume of 4,648,813. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a current ratio of 1.51, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average price of $20.20 and a 200-day moving average price of $22.05. The stock has a market cap of $8.00 billion, a PE ratio of 9.82, a price-to-earnings-growth ratio of 2.91 and a beta of 1.65.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.67 billion. Mosaic had a negative net margin of 0.36% and a positive return on equity of 4.48%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. As a group, research analysts predict that Mosaic will post 0.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, December 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.96%. Mosaic’s dividend payout ratio is 9.43%.

In other Mosaic news, Director Cheryl K. Beebe acquired 12,998 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was purchased at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the acquisition, the director now owns 23,704 shares in the company, valued at approximately $455,353.84. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William T. Monahan acquired 2,360 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $21.15 per share, with a total value of $49,914.00. Following the acquisition, the director now owns 39,235 shares in the company, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Stonebridge Capital Advisors LLC acquired a new stake in shares of Mosaic during the 2nd quarter valued at about $32,000. Captrust Financial Advisors raised its position in shares of Mosaic by 207.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock valued at $35,000 after buying an additional 948 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Mosaic by 169.1% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 1,003 shares during the last quarter. Squar Milner Financial Services LLC increased its holdings in Mosaic by 1,452.1% in the 2nd quarter. Squar Milner Financial Services LLC now owns 1,878 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 1,757 shares during the last quarter. Finally, NuWave Investment Management LLC increased its holdings in Mosaic by 244.6% in the 3rd quarter. NuWave Investment Management LLC now owns 2,040 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors own 75.12% 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 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.

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