Shares of Mosaic Co (NYSE:MOS) have received a consensus recommendation of “Hold” from the seventeen analysts that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.98.
Several equities research analysts have issued reports on the company. Cowen reissued a “hold” rating and set a $25.00 target price on shares of Mosaic in a research note on Friday, January 12th. JPMorgan Chase & Co. assumed coverage on Mosaic in a research note on Friday, January 12th. They set a “neutral” rating and a $26.00 target price for the company. Royal Bank of Canada raised their target price on Mosaic from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. Zacks Investment Research cut Mosaic from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Citigroup raised their target price on Mosaic from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd.
Hedge funds and other institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC grew its stake in shares of Mosaic by 13,636.4% in the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after buying an additional 6,000 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at $130,000. Westover Capital Advisors LLC acquired a new stake in shares of Mosaic in the second quarter valued at $218,000. UMB Bank N A MO acquired a new position in Mosaic during the 4th quarter worth $222,000. Finally, Koch Industries Inc. acquired a new position in Mosaic during the 2nd quarter worth $225,000. 77.00% of the stock is owned by institutional investors and hedge funds.
Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.18. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Mosaic had a return on equity of 9.18% and a net margin of 11.07%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. analysts predict that Mosaic will post 1.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, March 1st will be paid a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.37%. Mosaic’s payout ratio is presently 10.42%.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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