Mosaic (MOS) Upgraded at ValuEngine

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ValuEngine upgraded shares of Mosaic (NYSE:MOS) from a hold rating to a buy rating in a research report sent to investors on Wednesday.

Several other brokerages also recently weighed in on MOS. UBS Group raised Mosaic from a neutral rating to a positive rating in a research note on Wednesday, June 27th. Susquehanna Bancshares raised Mosaic from a neutral rating to a positive rating in a research note on Wednesday, June 27th. Citigroup lifted their target price on Mosaic from $30.00 to $31.00 and gave the company a neutral rating in a research note on Wednesday, July 11th. Zacks Investment Research raised Mosaic from a hold rating to a buy rating and set a $32.00 target price on the stock in a research note on Tuesday, July 24th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $30.00 target price (up previously from $28.00) on shares of Mosaic in a research note on Tuesday, August 7th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. Mosaic presently has a consensus rating of Hold and an average price target of $31.49.

Shares of Mosaic stock opened at $30.79 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.77 and a current ratio of 1.61. The firm has a market cap of $12.00 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.61 and a beta of 1.55. Mosaic has a 1-year low of $20.39 and a 1-year high of $32.32.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, August 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.30 billion. Mosaic had a positive return on equity of 4.88% and a negative net margin of 1.14%. The firm’s revenue for the quarter was up 25.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.29 EPS. research analysts forecast that Mosaic will post 1.7 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, September 5th. Mosaic’s dividend payout ratio is presently 9.17%.

In other news, Director Luciano Siani Pires acquired 2,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were bought at an average price of $29.68 per share, with a total value of $59,360.00. Following the purchase, the director now owns 2,000 shares of the company’s stock, valued at $59,360. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.45% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. grew its holdings in shares of Mosaic by 123.2% in the 2nd quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after acquiring an additional 1,860 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Mosaic in the 2nd quarter worth $115,000. Penserra Capital Management LLC grew its holdings in shares of Mosaic by 296.8% in the 1st quarter. Penserra Capital Management LLC now owns 4,166 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 3,116 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Mosaic in the 1st quarter worth $105,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Mosaic by 862.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,390 shares of the basic materials company’s stock worth $217,000 after acquiring an additional 3,934 shares during the last quarter. 74.59% of the stock is currently owned by institutional investors.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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Analyst Recommendations for Mosaic (NYSE:MOS)

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