Mosaic (NYSE:MOS) Reaches New 1-Year Low at $19.12

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Shares of Mosaic Co (NYSE:MOS) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $19.12 and last traded at $19.13, with a volume of 141448 shares trading hands. The stock had previously closed at $19.37.

Several equities analysts recently issued reports on the stock. ValuEngine downgraded shares of Mosaic from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 8th. Morgan Stanley cut their price target on shares of Mosaic from $36.00 to $29.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. Scotiabank raised shares of Mosaic from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 8th. CIBC downgraded shares of Mosaic from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, August 7th. Finally, Cowen reissued an “outperform” rating and set a $30.00 price target (up from $26.00) on shares of Mosaic in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $31.94.

The company has a market capitalization of $7.47 billion, a P/E ratio of 9.01, a P/E/G ratio of 2.38 and a beta of 1.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $22.92 and its two-hundred day simple moving average is $25.63.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.18). Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research analysts expect that Mosaic Co will post 1.17 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Wednesday, September 4th. Mosaic’s dividend payout ratio is 9.43%.

In other Mosaic news, Director Cheryl K. Beebe purchased 12,998 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the transaction, the director now directly owns 23,704 shares in the company, valued at $455,353.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.51% of the stock is owned by insiders.

Several large investors have recently modified their holdings of MOS. Eaton Vance Management lifted its position in shares of Mosaic by 36.7% in the second quarter. Eaton Vance Management now owns 36,536 shares of the basic materials company’s stock worth $914,000 after purchasing an additional 9,800 shares in the last quarter. United Services Automobile Association raised its position in Mosaic by 1.0% during the second quarter. United Services Automobile Association now owns 1,632,862 shares of the basic materials company’s stock worth $40,871,000 after acquiring an additional 16,110 shares in the last quarter. BRYN MAWR TRUST Co raised its position in Mosaic by 4.2% during the second quarter. BRYN MAWR TRUST Co now owns 302,211 shares of the basic materials company’s stock worth $7,565,000 after acquiring an additional 12,044 shares in the last quarter. BMT Investment Advisors raised its position in Mosaic by 15.7% during the second quarter. BMT Investment Advisors now owns 58,902 shares of the basic materials company’s stock worth $1,474,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its position in Mosaic by 46.6% during the second quarter. Pictet Asset Management Ltd. now owns 174,474 shares of the basic materials company’s stock worth $4,367,000 after acquiring an additional 55,447 shares in the last quarter. Institutional investors own 72.87% of the company’s stock.

Mosaic Company Profile (NYSE:MOS)

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 International Distribution. 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.

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