Mosaic (NYSE:MOS) PT Lowered to $65.00 at Piper Sandler

Mosaic (NYSE:MOSGet Rating) had its price target reduced by Piper Sandler from $75.00 to $65.00 in a report issued on Tuesday, The Fly reports. They currently have an overweight rating on the basic materials company’s stock.

Other analysts have also recently issued research reports about the company. StockNews.com began coverage on Mosaic in a report on Wednesday, October 12th. They set a buy rating for the company. Citigroup upped their price target on Mosaic to $61.00 in a report on Tuesday, November 15th. JPMorgan Chase & Co. cut their target price on Mosaic from $75.00 to $73.00 and set an overweight rating on the stock in a research report on Wednesday, November 9th. Barclays cut their target price on Mosaic from $59.00 to $52.00 and set an underweight rating on the stock in a research report on Wednesday, August 10th. Finally, Royal Bank of Canada cut their target price on Mosaic from $65.00 to $60.00 and set a sector perform rating on the stock in a research report on Thursday, November 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $63.06.

Mosaic Stock Up 0.3 %

Shares of NYSE:MOS opened at $50.60 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.61 and a current ratio of 1.34. Mosaic has a 1 year low of $33.59 and a 1 year high of $79.28. The stock has a market capitalization of $17.23 billion, a P/E ratio of 4.95, a PEG ratio of 0.60 and a beta of 1.55. The stock has a 50-day simple moving average of $51.12 and a 200-day simple moving average of $52.69.

Mosaic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Wednesday, November 30th. Mosaic’s dividend payout ratio (DPR) is currently 5.87%.

Mosaic announced that its Board of Directors has approved a share buyback program on Monday, August 1st that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 10.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently modified their holdings of the stock. Veriti Management LLC lifted its position in Mosaic by 2.9% in the 3rd quarter. Veriti Management LLC now owns 6,948 shares of the basic materials company’s stock valued at $336,000 after acquiring an additional 193 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in shares of Mosaic by 1.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 19,184 shares of the basic materials company’s stock worth $927,000 after purchasing an additional 193 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Mosaic by 0.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,236 shares of the basic materials company’s stock worth $1,220,000 after purchasing an additional 198 shares during the period. Redwood Investment Management LLC grew its stake in Mosaic by 0.8% in the 3rd quarter. Redwood Investment Management LLC now owns 26,071 shares of the basic materials company’s stock valued at $1,260,000 after buying an additional 205 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Mosaic by 2.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,846 shares of the basic materials company’s stock valued at $512,000 after buying an additional 219 shares in the last quarter. Institutional investors own 82.24% of the company’s stock.

Mosaic Company Profile

(Get Rating)

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.

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