Mosaic (NYSE:MOS) Hits New 12-Month Low – Here’s What Happened

The Mosaic Company (NYSE:MOS) shares reached a new 52-week low during trading on Thursday . The company traded as low as $23.98 and last traded at $23.99, with a volume of 419490 shares changing hands. The stock had previously closed at $24.28.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MOS. Oppenheimer started coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Barclays reduced their price objective on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company decreased their target price on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Finally, Mizuho raised their price target on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $35.40.

Mosaic Trading Up 0.8 %

The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.65 billion, a PE ratio of 21.30, a P/E/G ratio of 1.85 and a beta of 1.34. The business has a 50 day moving average price of $26.34 and a 200-day moving average price of $27.16.

Mosaic (NYSE:MOS) last released its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The business had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic’s revenue was down 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.68 EPS. Analysts expect that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date was Thursday, December 5th. Mosaic’s dividend payout ratio is currently 74.34%.

Institutional Investors Weigh In On Mosaic

Institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP increased its holdings in Mosaic by 131.4% during the 2nd quarter. Quarry LP now owns 38,894 shares of the basic materials company’s stock valued at $1,124,000 after acquiring an additional 22,084 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Mosaic by 44.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares in the last quarter. Swedbank AB raised its position in shares of Mosaic by 2.3% during the 3rd quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock worth $33,997,000 after purchasing an additional 28,816 shares during the last quarter. Herr Investment Group LLC lifted its stake in Mosaic by 1,318.7% in the 2nd quarter. Herr Investment Group LLC now owns 332,209 shares of the basic materials company’s stock valued at $9,601,000 after buying an additional 308,792 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Mosaic during the 3rd quarter valued at $1,251,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.