Mosaic (NYSE:MOS) Upgraded by Piper Sandler to Neutral Rating

Piper Sandler upgraded shares of Mosaic (NYSE:MOS) from an underweight rating to a neutral rating in a report published on Monday, MarketBeat Ratings reports. Piper Sandler currently has $30.00 price target on the basic materials company’s stock, up from their previous price target of $26.00.

MOS has been the topic of a number of other reports. Barclays dropped their price target on Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Mizuho upped their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, Wells Fargo & Company reduced their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus target price of $35.09.

Mosaic Stock Performance

Shares of MOS opened at $27.03 on Monday. The company has a market cap of $8.59 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.36 and a beta of 1.34. The business’s fifty day simple moving average is $25.69 and its two-hundred day simple moving average is $26.72. Mosaic has a 12 month low of $23.56 and a 12 month high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.17 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business’s revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Research analysts anticipate that Mosaic will post 2.06 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.26%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 74.34%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Crossmark Global Holdings Inc. raised its holdings in Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after acquiring an additional 354 shares during the period. Moors & Cabot Inc. raised its stake in Mosaic by 5.0% during the 2nd quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 382 shares during the period. CVA Family Office LLC lifted its holdings in Mosaic by 23.2% in the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in Mosaic by 5.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company’s stock worth $235,000 after purchasing an additional 426 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Mosaic by 5.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company’s stock worth $254,000 after purchasing an additional 517 shares during the period. Institutional investors own 77.54% of the company’s stock.

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.