Mosaic (NYSE:MOS) Price Target Lowered to $27.00 at Wells Fargo & Company

Mosaic (NYSE:MOS) had its price target trimmed by Wells Fargo & Company from $29.00 to $27.00 in a report issued on Tuesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the basic materials company’s stock.

A number of other research firms have also weighed in on MOS. Barclays cut their price objective on shares of Mosaic from $39.00 to $32.00 and set an overweight rating for the company in a research report on Friday, August 16th. Royal Bank of Canada reaffirmed a sector perform rating and set a $30.00 price target on shares of Mosaic in a research report on Monday, August 12th. UBS Group dropped their price target on shares of Mosaic from $33.00 to $30.00 and set a neutral rating for the company in a research report on Tuesday, July 9th. Finally, Piper Sandler dropped their price target on shares of Mosaic from $29.00 to $28.00 and set an underweight rating for the company in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $34.73.

Mosaic Stock Up 4.6 %

Shares of NYSE MOS opened at $26.52 on Tuesday. Mosaic has a 12-month low of $24.11 and a 12-month high of $38.30. The company has a market capitalization of $8.53 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54. The firm’s 50-day moving average is $27.38 and its two-hundred day moving average is $29.14.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $2.82 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. Equities analysts anticipate that Mosaic will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.17%. Mosaic’s dividend payout ratio (DPR) is presently 35.74%.

Insider Buying and Selling at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now directly owns 136,682 shares in the company, valued at approximately $3,821,628.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the transaction, the director now owns 34,359 shares in the company, valued at $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by insiders.

Institutional Trading of Mosaic

A number of large investors have recently modified their holdings of MOS. Kingsview Wealth Management LLC bought a new position in shares of Mosaic during the 1st quarter valued at about $1,776,000. Wellington Management Group LLP lifted its stake in shares of Mosaic by 1,007.5% in the fourth quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock worth $8,620,000 after buying an additional 219,463 shares during the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Mosaic in the second quarter worth $3,610,000. Duality Advisers LP lifted its stake in shares of Mosaic by 523.0% in the first quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock worth $7,024,000 after buying an additional 181,654 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its stake in shares of Mosaic by 263.7% in the fourth quarter. Alberta Investment Management Corp now owns 22,550 shares of the basic materials company’s stock worth $806,000 after buying an additional 16,350 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

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.