Mosaic (NYSE:MOS) Reaches New 1-Year Low – Here’s Why

The Mosaic Company (NYSE:MOS) shares reached a new 52-week low during trading on Monday . The stock traded as low as $21.11 and last traded at $21.7760, with a volume of 658979 shares trading hands. The stock had previously closed at $21.76.

Analyst Upgrades and Downgrades

Several research firms have commented on MOS. Wells Fargo & Company lowered their price target on Mosaic from $25.00 to $22.00 and set an “equal weight” rating for the company in a report on Thursday. Morgan Stanley lowered their price target on Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. JPMorgan Chase & Co. lowered their price target on Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $28.00 to $27.00 in a research note on Wednesday, May 13th. Finally, Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Five research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $27.69.

Mosaic Stock Down 0.4%

The firm has a 50-day moving average of $25.05 and a 200 day moving average of $25.86. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 167.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.79. The company has a current ratio of 1.25, a quick ratio of 0.45 and a debt-to-equity ratio of 0.36.

Mosaic (NYSE:MOS) last announced its earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.93 billion. Mosaic had a net margin of 0.36% and a return on equity of 4.66%. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 earnings per share. On average, sell-side analysts anticipate that The Mosaic Company will post 1.25 earnings per share for the current year.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $0.88 annualized dividend and a yield of 4.1%. Mosaic’s dividend payout ratio (DPR) is currently 676.92%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its stake in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 380 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Mosaic in the 1st quarter valued at $201,000. Empowered Funds LLC boosted its position in shares of Mosaic by 170.5% in the 1st quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after purchasing an additional 34,151 shares during the period. Woodline Partners LP boosted its position in shares of Mosaic by 40.7% in the 1st quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after purchasing an additional 7,760 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

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.