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

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

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

Mosaic Trading Up 1.8 %

Shares of MOS stock opened at $27.02 on Tuesday. Mosaic has a 1-year low of $24.11 and a 1-year high of $38.30. The company has a current ratio of 1.16, a quick ratio of 0.54 and a debt-to-equity ratio of 0.27. The stock has a market cap of $8.69 billion, a price-to-earnings ratio of 11.50, a PEG ratio of 1.60 and a beta of 1.36. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $29.14.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. On average, equities research analysts forecast that Mosaic will post 2.26 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend was Thursday, September 5th. Mosaic’s dividend payout ratio is currently 35.74%.

Insider Transactions at Mosaic

In related news, SVP Walter F. Precourt III sold 39,748 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total value of $1,111,354.08. Following the transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at approximately $3,821,628.72. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total value of $1,111,354.08. Following the completion of the sale, the senior vice president now directly owns 136,682 shares of the company’s stock, 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 link. Also, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $27.32, for a total value 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 Investors Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in MOS. Blue Trust Inc. lifted its position in shares of Mosaic by 40.0% during the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Mosaic by 5.0% during the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company’s stock worth $230,000 after acquiring an additional 382 shares during the period. Uncommon Cents Investing LLC boosted its position in Mosaic by 3.2% in the first quarter. Uncommon Cents Investing LLC now owns 13,500 shares of the basic materials company’s stock worth $438,000 after purchasing an additional 415 shares during the last quarter. CX Institutional grew its stake in Mosaic by 1.5% in the 2nd quarter. CX Institutional now owns 28,480 shares of the basic materials company’s stock valued at $823,000 after purchasing an additional 418 shares during the period. Finally, Wahed Invest LLC increased its position in shares of Mosaic by 8.6% during the 4th quarter. Wahed Invest LLC now owns 5,645 shares of the basic materials company’s stock valued at $202,000 after purchasing an additional 445 shares during the last quarter. 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.