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Goldman Sachs Maintains Mosaic Action List Buy Recommendation

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Fintel reports that on May 8, 2023, Goldman Sachs maintained coverage of Mosaic (NYSE:MOS) with a Action List Buy recommendation.

Analyst Price Forecast Suggests 39.19% Upside

As of April 24, 2023, the average one-year price target for Mosaic is 54.44. The forecasts range from a low of 38.38 to a high of $73.50. The average price target represents an increase of 39.19% from its latest reported closing price of 39.11.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Mosaic is 16,841MM, a decrease of 10.45%. 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 $39.11 / share, the stock’s dividend yield is 2.05%.

Looking back five years and taking a sample every week, the average dividend yield has been 0.92%, the lowest has been 0.27%, and the highest has been 2.31%. The standard deviation of yields is 0.48 (n=237).

The current dividend yield is 2.31 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 is the Fund Sentiment?

There are 1571 funds or institutions reporting positions in Mosaic. This is a decrease of 5 owner(s) or 0.32% in the last quarter. Average portfolio weight of all funds dedicated to MOS is 0.42%, an increase of 36.34%. Total shares owned by institutions decreased in the last three months by 0.60% to 328,693K shares. The put/call ratio of MOS is 0.67, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital World Investors holds 22,556K shares representing 6.79% ownership of the company. In it’s prior filing, the firm reported owning 16,084K shares, representing an increase of 28.69%. The firm increased its portfolio allocation in MOS by 20.86% over the last quarter.

ANCFX – AMERICAN FUNDS FUNDAMENTAL INVESTORS holds 15,702K shares representing 4.73% ownership of the company. In it’s prior filing, the firm reported owning 10,297K shares, representing an increase of 34.42%. The firm increased its portfolio allocation in MOS by 27.98% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 10,350K shares representing 3.12% ownership of the company. In it’s prior filing, the firm reported owning 10,295K shares, representing an increase of 0.53%. The firm decreased its portfolio allocation in MOS by 15.73% over the last quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 7,917K shares representing 2.38% ownership of the company. In it’s prior filing, the firm reported owning 7,951K shares, representing a decrease of 0.42%. The firm decreased its portfolio allocation in MOS by 16.98% over the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares holds 7,871K shares representing 2.37% ownership of the company. In it’s prior filing, the firm reported owning 7,827K shares, representing an increase of 0.56%. The firm decreased its portfolio allocation in MOS by 15.91% over the last quarter.

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 article originally appeared on Fintel

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