Mosaic (MOS) Downgraded by ValuEngine

ValuEngine lowered shares of Mosaic (NYSE:MOS) from a buy rating to a hold rating in a research report released on Tuesday.

A number of other research firms have also recently issued reports on MOS. Zacks Investment Research upgraded shares of Mosaic from a hold rating to a buy rating and set a $32.00 price target for the company in a report on Monday, January 7th. TheStreet upgraded shares of Mosaic from a c+ rating to a b- rating in a report on Monday, November 19th. Cowen upped their price target on shares of Mosaic from $38.00 to $43.00 and gave the company an outperform rating in a report on Thursday, November 15th. Stephens set a $45.00 price target on shares of Mosaic and gave the company a buy rating in a report on Wednesday, November 7th. Finally, Royal Bank of Canada upped their price target on shares of Mosaic from $36.00 to $40.00 and gave the company a buy rating in a report on Monday, October 1st. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Mosaic presently has an average rating of Hold and a consensus price target of $35.64.

Shares of NYSE:MOS opened at $31.64 on Tuesday. The firm has a market capitalization of $12.08 billion, a P/E ratio of 29.03, a price-to-earnings-growth ratio of 1.88 and a beta of 1.53. Mosaic has a 1 year low of $22.90 and a 1 year high of $37.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.89.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Mosaic’s revenue for the quarter was up 47.5% on a year-over-year basis. As a group, equities analysts anticipate that Mosaic will post 1.92 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Wednesday, March 6th. Mosaic’s dividend payout ratio is currently 9.17%.

Several institutional investors and hedge funds have recently made changes to their positions in MOS. Rehmann Capital Advisory Group raised its position in shares of Mosaic by 12,038.5% during the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock valued at $133,000 after buying an additional 4,695 shares during the last quarter. First Hawaiian Bank acquired a new position in shares of Mosaic during the third quarter valued at about $175,000. Glenmede Trust Co. NA raised its position in shares of Mosaic by 49.4% during the third quarter. Glenmede Trust Co. NA now owns 5,613 shares of the basic materials company’s stock valued at $181,000 after buying an additional 1,856 shares during the last quarter. Nations Financial Group Inc. IA ADV acquired a new position in shares of Mosaic during the third quarter valued at about $201,000. Finally, BB&T Securities LLC acquired a new position in shares of Mosaic during the second quarter valued at about $204,000. 75.27% of the stock is owned by institutional investors and hedge funds.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. 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.

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