Mosaic (NYSE:MOS) Sets New 1-Year Low at $25.39

Shares of The Mosaic Company (NYSE:MOS) reached a new 52-week low on Monday . The stock traded as low as $25.39 and last traded at $25.44, with a volume of 132160 shares traded. The stock had previously closed at $25.58.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MOS shares. Wells Fargo & Company dropped their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. UBS Group cut their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Piper Sandler decreased their price objective on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a report on Tuesday, June 11th. Barclays dropped their target price on Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.33.

Mosaic Stock Performance

The stock has a market capitalization of $7.82 billion, a P/E ratio of 10.44, a PEG ratio of 1.61 and a beta of 1.36. The stock’s 50-day simple moving average is $28.05 and its 200 day simple moving average is $29.64. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 0.54.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was down 17.0% compared to the same quarter last year. Research analysts expect that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a $0.21 dividend. The ex-dividend date is Thursday, September 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.42%. Mosaic’s payout ratio is presently 35.74%.

Insider Activity at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the transaction, the senior vice president now owns 136,682 shares in the company, valued at approximately $3,821,628.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Mosaic news, Director Kelvin R. Westbrook sold 12,666 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total transaction of $346,035.12. Following the sale, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the transaction, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The disclosure for this sale can be found here. 0.86% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Highlander Capital Management LLC increased its position in Mosaic by 515.4% during the 1st quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 670 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock worth $36,000 after buying an additional 351 shares in the last quarter. Mather Group LLC. bought a new stake in Mosaic during the 1st quarter worth $40,000. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic in the 2nd quarter worth about $46,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Mosaic during the second quarter valued at about $49,000. 77.54% of the stock is owned by institutional investors.

About Mosaic

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.