The Mosaic Company (NYSE:MOS) Receives $33.11 Consensus Target Price from Brokerages

Shares of The Mosaic Company (NYSE:MOS) have been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $33.11.

A number of brokerages have weighed in on MOS. Wells Fargo & Company lowered their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research report on Monday, August 12th. Mizuho cut their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays decreased their price target on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research note on Friday, October 11th.

Mosaic Stock Performance

Shares of Mosaic stock opened at $27.73 on Tuesday. The company has a market cap of $8.84 billion, a P/E ratio of 37.47, a PEG ratio of 1.73 and a beta of 1.35. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The business has a 50-day moving average price of $26.44 and a two-hundred day moving average price of $28.04. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30.

Mosaic Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 3.03%. The ex-dividend date was Thursday, September 5th. Mosaic’s payout ratio is presently 113.51%.

Insider Buying and Selling

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of Mosaic stock in a transaction dated 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 transaction, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently modified their holdings of the company. Kingsview Wealth Management LLC purchased a new stake in shares of Mosaic during the first quarter valued at approximately $1,776,000. Manning & Napier Advisors LLC bought a new stake in shares of Mosaic during the 2nd quarter worth $3,610,000. Duality Advisers LP boosted its holdings in shares of Mosaic by 523.0% in the 1st quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock worth $7,024,000 after buying an additional 181,654 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in 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 valued at $346,743,000 after buying an additional 10,124,427 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Mosaic by 5.1% during the first 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 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.