Mosaic (NYSE:MOS – Get Rating) will be announcing its earnings results after the market closes on Wednesday, February 22nd. Analysts expect the company to announce earnings of $2.08 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Mosaic Price Performance
Shares of NYSE:MOS opened at $49.97 on Wednesday. The company has a market cap of $17.01 billion, a price-to-earnings ratio of 4.89, a PEG ratio of 0.82 and a beta of 1.55. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.61. The firm has a 50 day simple moving average of $46.98 and a 200 day simple moving average of $50.46. Mosaic has a one year low of $40.29 and a one year high of $79.28.
Mosaic Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 16th. Investors of record on Thursday, March 2nd will be paid a $0.20 dividend. This is an increase from Mosaic’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 annualized dividend and a yield of 1.60%. Mosaic’s dividend payout ratio is presently 7.83%.
Hedge Funds Weigh In On Mosaic
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital International Investors acquired a new position in Mosaic during the 1st quarter worth approximately $412,663,000. Wellington Management Group LLP raised its stake in Mosaic by 910.9% during the 1st quarter. Wellington Management Group LLP now owns 4,451,909 shares of the basic materials company’s stock worth $296,052,000 after buying an additional 4,011,530 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Mosaic by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,862,434 shares of the basic materials company’s stock worth $190,353,000 after buying an additional 68,120 shares during the period. Amundi raised its stake in Mosaic by 45.2% during the 4th quarter. Amundi now owns 2,185,008 shares of the basic materials company’s stock worth $98,612,000 after buying an additional 679,890 shares during the period. Finally, First Trust Advisors LP raised its stake in Mosaic by 73.2% during the 1st quarter. First Trust Advisors LP now owns 1,416,744 shares of the basic materials company’s stock worth $94,213,000 after buying an additional 598,627 shares during the period. Institutional investors own 85.00% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on MOS shares. Credit Suisse Group downgraded shares of Mosaic from an “outperform” rating to an “underperform” rating in a research note on Monday, January 9th. Mizuho decreased their price target on shares of Mosaic from $74.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, November 9th. Citigroup cut shares of Mosaic from a “buy” rating to a “neutral” rating and decreased their price target for the company from $61.00 to $50.00 in a research report on Friday, January 20th. Piper Sandler decreased their price target on shares of Mosaic from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Tuesday, November 22nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mosaic from $75.00 to $73.00 and set an “overweight” rating for the company in a research report on Wednesday, November 9th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $59.31.
Mosaic Company Profile
The Mosaic Co engages in the production and marketing of concentrated phosphate and potash crop nutrients. The company operates its businesses through its wholly and majority owned subsidiaries. It operates through the following segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment owns and operates mines and production facilities in North America which produces concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and concentrated crop nutrients.