Mosaic (NYSE:MOS) Upgraded at Scotiabank

Scotiabank upgraded shares of Mosaic (NYSE:MOS) from a sector perform rating to a sector outperform rating in a research note published on Monday, Marketbeat Ratings reports. Scotiabank currently has $36.00 price objective on the basic materials company’s stock.

MOS has been the subject of several other research reports. Barclays cut their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a report on Tuesday, December 9th. The Goldman Sachs Group upped their target price on Mosaic from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. UBS Group reduced their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Wolfe Research dropped their price objective on shares of Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $31.50.

Mosaic Price Performance

NYSE:MOS opened at $28.86 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. Mosaic has a one year low of $22.36 and a one year high of $38.23. The company has a fifty day moving average price of $25.60 and a 200 day moving average price of $29.42. The stock has a market cap of $9.16 billion, a P/E ratio of 7.48, a PEG ratio of 1.28 and a beta of 0.97.

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

Mosaic Dividend Announcement

The company also recently announced 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. The ex-dividend date is Monday, March 9th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 433 shares during the last quarter. Rothschild Investment LLC increased its holdings in Mosaic by 650.0% during the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 650 shares in the last quarter. Rexford Capital Inc. bought a new position in Mosaic in the 2nd quarter valued at $28,000. True Wealth Design LLC raised its position in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new position in Mosaic in the second quarter worth $31,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.