Mosaic (NYSE:MOS) Stock Price Up 5.8% – Here’s Why

Shares of The Mosaic Company (NYSE:MOS) traded up 5.8% on Wednesday . The company traded as high as $28.17 and last traded at $27.7320. 1,974,603 shares were traded during mid-day trading, a decline of 70% from the average session volume of 6,598,971 shares. The stock had previously closed at $26.21.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company began coverage on shares of Mosaic in a research note on Tuesday, November 11th. They set an “equal weight” rating and a $28.00 price target on the stock. Scotiabank lifted their target price on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a research report on Monday, November 10th. CIBC decreased their target price on shares of Mosaic from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Finally, Oppenheimer set a $35.00 target price on shares of Mosaic in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mosaic has a consensus rating of “Hold” and a consensus price target of $31.07.

Mosaic Stock Down 4.4%

The company’s 50 day moving average price is $24.79 and its two-hundred day moving average price is $30.26. The stock has a market cap of $8.37 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.26 and a beta of 0.94. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. During the same period last year, the business earned $0.34 EPS. Mosaic’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, March 9th. Mosaic’s payout ratio is presently 22.80%.

Institutional Investors Weigh In On Mosaic

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC raised its stake in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 380 shares during the period. United Services Automobile Association purchased a new stake in shares of Mosaic during the 1st quarter valued at approximately $201,000. Empowered Funds LLC lifted its holdings in Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 34,151 shares during the last quarter. Woodline Partners LP grew its position in Mosaic by 40.7% in the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock worth $725,000 after acquiring an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.