Piper Sandler Cuts Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOSFree Report) had its price target trimmed by Piper Sandler from $29.00 to $28.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an underweight rating on the basic materials company’s stock.

A number of other equities analysts have also recently commented on MOS. Barclays decreased their target price on shares of Mosaic from $42.00 to $39.00 and set an overweight rating on the stock in a research report on Monday, May 13th. Scotiabank reduced their target price on Mosaic from $40.00 to $38.00 and set a sector outperform rating on the stock in a report on Monday, May 6th. Royal Bank of Canada reduced their price objective on shares of Mosaic from $35.00 to $32.00 and set a sector perform rating on the stock in a research report on Monday, May 6th. Wells Fargo & Company raised their target price on shares of Mosaic from $34.00 to $35.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. Finally, Wolfe Research assumed coverage on Mosaic in a research note on Friday, March 1st. They set an outperform rating and a $39.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $38.29.

Check Out Our Latest Stock Report on MOS

Mosaic Price Performance

NYSE:MOS opened at $27.16 on Tuesday. The firm has a market capitalization of $8.74 billion, a price-to-earnings ratio of 11.56, a P/E/G ratio of 1.52 and a beta of 1.45. The stock’s 50 day moving average price is $30.20 and its two-hundred day moving average price is $32.06. Mosaic has a 12-month low of $26.95 and a 12-month high of $42.81. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOSGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.88 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The company’s quarterly revenue was down 25.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, analysts anticipate that Mosaic will post 2.64 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $0.84 dividend on an annualized basis and a yield of 3.09%. Mosaic’s payout ratio is presently 35.74%.

Institutional Trading of Mosaic

Hedge funds have recently bought and sold shares of the stock. Highlander Capital Management LLC boosted its stake in shares of Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares during the last quarter. Denali Advisors LLC increased its holdings in shares of Mosaic by 100.5% during the fourth quarter. Denali Advisors LLC now owns 826 shares of the basic materials company’s stock worth $30,000 after buying an additional 414 shares in the last quarter. Mather Group LLC. bought a new position in Mosaic in the first quarter valued at about $40,000. Fidelis Capital Partners LLC bought a new stake in Mosaic during the 1st quarter worth approximately $50,000. Finally, Janiczek Wealth Management LLC raised its position in 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 purchasing an additional 318 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic

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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.

Further Reading

Analyst Recommendations for Mosaic (NYSE:MOS)

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