Mosaic (NYSE:MOS) Downgraded by Oppenheimer to “Market Perform”

Oppenheimer lowered shares of Mosaic (NYSE:MOS) from an outperform rating to a market perform rating in a report issued on Friday, MarketBeat.com reports.

Other equities analysts have also issued research reports about the stock. BNP Paribas Exane cut their price objective on shares of Mosaic from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 24th. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. HSBC cut their price target on Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. CIBC lowered their price objective on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.07.

Mosaic Stock Down 4.4%

Shares of NYSE:MOS opened at $26.37 on Friday. The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 6.83, a price-to-earnings-growth ratio of 1.22 and a beta of 0.94. The company has a 50 day moving average of $24.79 and a two-hundred day moving average of $30.26. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. As a group, analysts forecast that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.3%. Mosaic’s dividend payout ratio is presently 22.80%.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently made changes to their positions in MOS. First Horizon Advisors Inc. increased its position in Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after buying an additional 433 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 601 shares during the period. Rothschild Investment LLC grew its position in shares of Mosaic by 650.0% during the second quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 650 shares during the last quarter. Rexford Capital Inc. acquired a new stake in shares of Mosaic in the 2nd quarter worth about $28,000. Finally, True Wealth Design LLC lifted its position in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 764 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.