Mosaic (NYSE:MOS) Stock Rating Upgraded by Piper Sandler

Piper Sandler upgraded shares of Mosaic (NYSE:MOS) from an underweight rating to a neutral rating in a research report released on Monday morning, MarketBeat Ratings reports. They currently have $30.00 price target on the basic materials company’s stock, up from their prior price target of $26.00.

Several other research analysts also recently commented on MOS. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Wells Fargo & Company dropped their price objective on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. CIBC started coverage on shares of Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective for the company. Mizuho boosted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. Finally, Barclays dropped their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.09.

Mosaic Stock Up 7.7 %

Shares of MOS opened at $26.75 on Monday. The company has a market capitalization of $8.50 billion, a P/E ratio of 23.67, a PEG ratio of 1.85 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 one year low of $23.56 and a one year high of $33.44. The business’s 50 day simple moving average is $25.72 and its 200-day simple moving average is $26.73.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The firm’s revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 earnings per share. As a group, sell-side analysts predict that Mosaic will post 2.07 EPS for the current fiscal year.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given 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 annualized dividend and a dividend yield of 3.29%. Mosaic’s payout ratio is presently 77.88%.

Institutional Trading of Mosaic

A number of large investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock valued at $228,018,000 after buying an additional 178,844 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. AQR Capital Management LLC increased its position in shares of Mosaic by 15.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,311,123 shares of the basic materials company’s stock valued at $95,691,000 after buying an additional 435,598 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company’s stock valued at $87,817,000 after buying an additional 947,500 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of 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 in 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.