Scotiabank Cuts Mosaic (NYSE:MOS) Price Target to $31.00

Mosaic (NYSE:MOS) had its price objective reduced by Scotiabank from $34.00 to $31.00 in a research note released on Monday,Benzinga reports. They currently have a sector outperform rating on the basic materials company’s stock. Scotiabank also issued estimates for Mosaic’s Q1 2025 earnings at $0.36 EPS and FY2025 earnings at $2.19 EPS.

A number of other research analysts also recently commented on the company. Oppenheimer began coverage on Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC began coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Morgan Stanley lowered their target price on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Piper Sandler boosted their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $30.00 to $27.00 in a research note on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.70.

Mosaic Stock Performance

Shares of MOS stock opened at $24.18 on Monday. Mosaic has a 1-year low of $22.48 and a 1-year high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.42 and a beta of 1.34. The stock’s fifty day simple moving average is $26.19 and its 200-day simple moving average is $26.34.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s payout ratio is currently 160.00%.

Institutional Trading of Mosaic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its position in shares of Mosaic by 49.0% during the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after purchasing an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the last quarter. Swedbank AB lifted its position in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares during the last quarter. OLD National Bancorp IN lifted its position in shares of Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Mosaic during the 3rd quarter worth about $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

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.