Mosaic (NYSE:MOS – Get Free Report) was downgraded by analysts at Freedom Capital from a “strong-buy” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.
Other analysts have also recently issued reports about the stock. Mizuho set a $25.00 price target on shares of Mosaic in a research note on Wednesday, August 5th. HSBC decreased their target price on Mosaic from $26.00 to $23.00 and set a “hold” rating for the company in a research report on Thursday, June 18th. Berenberg Bank decreased their price target on shares of Mosaic from $28.00 to $27.00 and set a “hold” rating for the company in a report on Tuesday, May 19th. BMO Capital Markets decreased their price objective on Mosaic from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $27.17.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Down 3.8%
Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. Equities research analysts anticipate that Mosaic will post 0.56 EPS for the current fiscal year.
Institutional Trading of Mosaic
Several institutional investors and hedge funds have recently bought and sold shares of MOS. Vanguard Group Inc. raised its stake in Mosaic by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock valued at $942,477,000 after acquiring an additional 461,524 shares during the period. BlackRock Inc. bought a new position in Mosaic during the second quarter worth about $524,484,000. Dimensional Fund Advisors LP raised its stake in Mosaic by 6.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 14,240,050 shares of the basic materials company’s stock worth $363,110,000 after purchasing an additional 832,914 shares in the last quarter. State Street Corp raised its stake in Mosaic by 1.9% in the 4th quarter. State Street Corp now owns 13,174,708 shares of the basic materials company’s stock worth $317,379,000 after purchasing an additional 240,146 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Mosaic by 28.9% in the 4th quarter. Invesco Ltd. now owns 11,840,398 shares of the basic materials company’s stock valued at $285,235,000 after purchasing an additional 2,653,969 shares during the period. Institutional investors own 77.54% of the company’s stock.
Mosaic Company Profile
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.
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