Mosaic’s (MOS) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reaffirmed their sector perform rating on shares of Mosaic (NYSE:MOS) in a research note released on Thursday,Benzinga reports. Royal Bank of Canada currently has a $30.00 price objective on the basic materials company’s stock.

Other equities research analysts have also issued reports about the stock. Barclays lowered their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on shares of Mosaic from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 24th. Finally, Mizuho increased their price target on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.22.

Mosaic Trading Up 0.2 %

Shares of MOS stock opened at $26.38 on Thursday. Mosaic has a fifty-two week low of $24.11 and a fifty-two week high of $38.30. The stock’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $27.89. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.19. The company has a market cap of $8.41 billion, a PE ratio of 23.35, a P/E/G ratio of 1.71 and a beta of 1.35.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The business’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business earned $0.68 earnings per share. Equities analysts predict that Mosaic will post 2.21 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.84 annualized dividend and a dividend yield of 3.18%. Mosaic’s dividend payout ratio is 74.34%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of Mosaic by 2.2% during the third quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company’s stock worth $228,018,000 after acquiring an additional 178,844 shares during the last quarter. M&T Bank Corp increased its position in Mosaic by 13.2% during the 3rd quarter. M&T Bank Corp now owns 23,265 shares of the basic materials company’s stock valued at $623,000 after purchasing an additional 2,714 shares during the period. Groupama Asset Managment increased its position in Mosaic by 71.5% during the 3rd quarter. Groupama Asset Managment now owns 45,968 shares of the basic materials company’s stock valued at $1,231,000 after purchasing an additional 19,160 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Mosaic by 0.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 99,473 shares of the basic materials company’s stock worth $2,664,000 after purchasing an additional 932 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Mosaic in the 3rd quarter worth approximately $511,000. 77.54% of the stock is owned by institutional investors.

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.