Fintel reports that on April 12, 2023,
Morgan Stanley
maintained
coverage of Mosaic (NYSE:MOS) with
a Equal-Weight recommendation.
Analyst Price Forecast Suggests 19.99% Upside
As of April 6, 2023,
the average one-year price target for Mosaic is $56.27.
The forecasts range from a low of $41.41 to a high of $81.90.
The average price target represents an increase of 19.99% from its latest reported closing price of $46.90.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mosaic
is $16,841MM, a decrease of 11.94%.
The projected annual non-GAAP EPS
is $10.12.
Mosaic Declares $0.20 Dividend
On March 9, 2023 the company declared a regular
quarterly dividend of $0.20 per share ($0.80 annualized).
Shareholders of record as of June 1, 2023
will receive the payment on June 15, 2023.
Previously, the company paid $0.20 per share.
At the current share price of $46.90 / share,
the stock’s dividend yield is 1.71%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.90%,
the lowest has been 0.27%,
and the highest has been 2.31%.
The standard deviation of yields is 0.46 (n=237).
The current dividend yield is
1.73 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.09.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 4.00%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Guggenheim Strategic Opportunities Fund
holds 7K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 7K shares, representing
a decrease
of 0.12%.
The firm
decreased
its portfolio allocation in MOS by 4.33% over the last quarter.
Two Roads Shared Trust – LeaderSharesTM AlphaFactor US Core Equity ETF
holds 34K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 26K shares, representing
an increase
of 21.84%.
The firm
increased
its portfolio allocation in MOS by 7.93% over the last quarter.
Private Capital Management
holds 8K shares
representing 0.00% ownership of the company.
TISCX – TIAA-CREF Social Choice Equity Fund Institutional Class
holds 268K shares
representing 0.08% ownership of the company.
No change in the last quarter.
Balboa Wealth Partners
holds 6K shares
representing 0.00% ownership of the company.
What is the Fund Sentiment?
There are 1591 funds or institutions reporting positions in Mosaic.
This is an increase
of
15
owner(s) or 0.95% in the last quarter.
Average portfolio weight of all funds dedicated to MOS is 0.40%,
an increase
of 15.89%.
Total shares owned by institutions increased
in the last three months by 1.83% to 333,574K shares.
The put/call ratio of MOS is 0.76, indicating a
bullish
outlook.
Mosaic Background Information
(This description is provided by the company.)
The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single-source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry.
See all Mosaic regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
