The Mosaic Company (NYSE:MOS – Get Free Report)’s stock price reached a new 52-week low on Monday. The stock traded as low as $18.36 and last traded at $18.3260, with a volume of 514,408 shares. The stock had previously closed at $18.82.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Rothschild & Co Redburn assumed coverage on Mosaic in a research report on Friday, June 26th. They set a “buy” rating and a $30.00 price objective for the company. Zacks Research raised Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 21st. Barclays dropped their price target on shares of Mosaic from $26.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Friday. Morgan Stanley cut their price target on Mosaic from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 30th. Finally, KeyCorp assumed coverage on Mosaic in a report on Thursday, September 10th. They set a “sector weight” rating for the company. Six equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and an average target price of $26.67.
Check Out Our Latest Stock Report on Mosaic
Mosaic Trading Down 0.6%
The firm has a 50 day moving average of $22.78 and a 200 day moving average of $22.81. The firm has a market cap of $5.66 billion, a PE ratio of -8.82, a P/E/G ratio of 5.08 and a beta of 0.91. The company has a quick ratio of 0.43, a current ratio of 1.34 and a debt-to-equity ratio of 0.41.
Mosaic (NYSE:MOS – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Mosaic had a positive return on equity of 3.77% and a negative net margin of 5.21%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $0.51 EPS. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts anticipate that The Mosaic Company will post 0.34 earnings per share for the current year.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Thursday, September 10th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, September 10th. Mosaic’s dividend payout ratio is -43.56%.
Insider Transactions at Mosaic
In other Mosaic news, SVP Walter Precourt, III sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $22.12, for a total value of $508,760.00. Following the sale, the senior vice president owned 116,198 shares of the company’s stock, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.31% of the company’s stock.
Hedge Funds Weigh In On Mosaic
Several institutional investors have recently modified their holdings of the company. SJS Investment Consulting Inc. raised its position in Mosaic by 72.9% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company’s stock worth $32,000 after buying an additional 525 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Mosaic during the 2nd quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in Mosaic during the 2nd quarter valued at about $46,000. Fortitude Family Office LLC boosted its holdings in shares of Mosaic by 1,575.9% during the 3rd quarter. Fortitude Family Office LLC now owns 3,620 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 3,404 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Mosaic by 57.0% in the third quarter. Versant Capital Management Inc now owns 3,770 shares of the basic materials company’s stock worth $82,000 after acquiring an additional 1,369 shares during the period. 77.54% of the stock is currently owned by institutional investors.
Mosaic Company Profile
The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.
Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.
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