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

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MOS shares. Royal Bank Of Canada upgraded shares of Mosaic from a “sector perform” rating to an “outperform” rating and decreased their target price for the stock from $28.00 to $27.00 in a research report on Wednesday, May 13th. Morgan Stanley cut their price target on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Berenberg Bank cut 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. JPMorgan Chase & Co. cut their price target on shares of Mosaic from $24.00 to $19.00 and set an “underweight” rating for the company in a report on Tuesday, May 12th. Finally, Barclays cut their price target on shares of Mosaic from $31.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday. Five investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.44.

Mosaic Stock Performance

The stock’s fifty day moving average price is $24.86 and its two-hundred day moving average price is $25.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.45 and a current ratio of 1.25. The company has a market cap of $6.79 billion, a P/E ratio of 164.54, a P/E/G ratio of 1.91 and a beta of 0.79.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 11th. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.15). Mosaic had a return on equity of 4.66% and a net margin of 0.36%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same period last year, the company posted $0.49 EPS. The business’s revenue was up 14.4% on a year-over-year basis. As a group, equities analysts predict that The Mosaic Company will post 1.11 earnings per share for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid 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 is presently 676.92%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MOS. Dorsey Wright & Associates acquired a new stake in shares of Mosaic during the 3rd quarter valued at $4,170,000. Wedge Capital Management L L P NC boosted its holdings in shares of Mosaic by 87.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 376,905 shares of the basic materials company’s stock valued at $9,080,000 after acquiring an additional 175,914 shares in the last quarter. Barclays PLC boosted its holdings in shares of Mosaic by 55.6% during the 3rd quarter. Barclays PLC now owns 1,606,609 shares of the basic materials company’s stock valued at $55,717,000 after acquiring an additional 574,352 shares in the last quarter. Algert Global LLC raised its stake in shares of Mosaic by 26.3% during the third quarter. Algert Global LLC now owns 380,138 shares of the basic materials company’s stock valued at $13,183,000 after acquiring an additional 79,222 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Mosaic during the fourth quarter valued at $1,302,000. 77.54% of the stock is currently owned by institutional investors.

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.