Mosaic (NYSE:MOS) Given New $27.00 Price Target at Wells Fargo & Company

Mosaic (NYSE:MOS) had its target price decreased by Wells Fargo & Company from $29.00 to $27.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.65% from the stock’s current price.

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

Mosaic Stock Performance

Shares of NYSE MOS traded up $0.46 during midday trading on Tuesday, hitting $25.80. The company’s stock had a trading volume of 1,918,284 shares, compared to its average volume of 4,421,438. The stock has a fifty day moving average price of $27.63 and a 200 day moving average price of $29.23. Mosaic has a one year low of $24.11 and a one year high of $38.30. 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 firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 10.98, a P/E/G ratio of 1.57 and a beta of 1.36.

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

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction on 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 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Walter F. Precourt III sold 39,748 shares of the firm’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 directly owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $346,035.12. Following the transaction, the director now directly 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 insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Highlander Capital Management LLC grew its stake in shares of Mosaic by 515.4% during the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock valued at $26,000 after buying an additional 670 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Mosaic in the first quarter worth about $40,000. Blue Trust Inc. grew its stake in shares of Mosaic by 40.0% in the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 351 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Mosaic in the first quarter worth about $50,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in shares of Mosaic in the second quarter worth about $46,000. 77.54% of the stock is owned by institutional investors.

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.