Scotiabank Cuts Mosaic (NYSE:MOS) Price Target to $38.00

Mosaic (NYSE:MOS) had its price objective decreased by Scotiabank from $40.00 to $38.00 in a report issued on Monday, Benzinga reports. Scotiabank currently has a sector outperform rating on the basic materials company’s stock. Scotiabank also issued estimates for Mosaic’s Q2 2024 earnings at $0.72 EPS.

Several other equities research analysts also recently issued reports on MOS. The Goldman Sachs Group lowered their price objective on shares of Mosaic from $54.00 to $48.00 and set a buy rating for the company in a research report on Thursday, February 1st. Mizuho reduced their price objective on Mosaic from $34.00 to $33.00 and set a neutral rating for the company in a research report on Friday, May 3rd. Piper Sandler lowered Mosaic from a neutral rating to an underweight rating and dropped their target price for the company from $42.00 to $32.00 in a research report on Thursday, February 29th. Wells Fargo & Company raised their price target on shares of Mosaic from $34.00 to $35.00 and gave the stock an equal weight rating in a research note on Friday, February 23rd. Finally, TheStreet lowered shares of Mosaic from a b- rating to a c+ rating in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $38.57.

Mosaic Trading Down 1.0 %

NYSE:MOS opened at $29.57 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.51 billion, a price-to-earnings ratio of 12.58 and a beta of 1.51. The business’s 50-day moving average price is $31.30 and its two-hundred day moving average price is $32.91. Mosaic has a 1-year low of $27.83 and a 1-year high of $42.81.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.88 billion. During the same quarter last year, the firm earned $1.14 EPS. The company’s revenue for the quarter was down 25.7% on a year-over-year basis. On average, equities analysts expect that Mosaic will post 2.78 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date is Thursday, June 6th. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Institutional Trading of Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Denali Advisors LLC raised its stake in Mosaic by 100.5% in the 4th quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 414 shares during the period. Mather Group LLC. acquired a new position in shares of Mosaic in the first quarter valued at $40,000. Fidelis Capital Partners LLC acquired a new stake in shares of Mosaic during the 1st quarter worth about $50,000. Janiczek Wealth Management LLC lifted its stake in shares of Mosaic by 28.0% during the 4th quarter. Janiczek Wealth Management LLC now owns 1,455 shares of the basic materials company’s stock worth $52,000 after buying an additional 318 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Mosaic during the 3rd quarter worth about $57,000. 77.54% of the stock is owned by institutional investors and hedge funds.

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.