The Goldman Sachs Group Cuts Mosaic (NYSE:MOS) Price Target to $31.00

Mosaic (NYSE:MOS) had its target price lowered by The Goldman Sachs Group from $32.00 to $31.00 in a report issued on Tuesday morning,MarketScreener reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. Morgan Stanley cut their price objective on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Mizuho raised their price objective on Mosaic from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, February 25th. Wolfe Research cut their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Wells Fargo & Company cut their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada set a $28.00 price objective on Mosaic and gave the company a “sector perform” rating in a research report on Tuesday, April 7th. Four research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.00.

Mosaic Stock Performance

Shares of NYSE MOS opened at $24.74 on Tuesday. The stock has a 50 day moving average price of $27.15 and a 200 day moving average price of $27.08. Mosaic has a 52 week low of $23.06 and a 52 week high of $38.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The stock has a market capitalization of $7.85 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.42 and a beta of 0.95.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a net margin of 4.49% and a return on equity of 5.80%. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts predict that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is presently 52.07%.

Institutional Trading of Mosaic

Hedge funds have recently added to or reduced their stakes in the company. Dorsey Wright & Associates acquired a new stake in Mosaic during the 3rd quarter worth approximately $4,170,000. Wedge Capital Management L L P NC lifted its holdings in Mosaic by 87.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock worth $9,080,000 after purchasing an additional 175,914 shares during the last quarter. Barclays PLC increased its stake in Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock worth $55,717,000 after acquiring an additional 574,352 shares during the period. Algert Global LLC increased its stake in Mosaic by 26.3% during the 3rd quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock worth $13,183,000 after acquiring an additional 79,222 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in Mosaic during the 4th quarter worth $1,302,000. 77.54% of the stock is owned by institutional investors and hedge funds.

About Mosaic

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.