Zacks Investment Research cut shares of Mosaic Company (The) (NYSE:MOS) from a hold rating to a sell rating in a research note issued to investors on Monday.

According to Zacks, “Mosaic’s adjusted earnings and sales for second-quarter 2017 beat the respective Zacks Consensus Estimate. However, the company’s phosphate volume guidance for the third quarter reflects a decline on a sequential comparison basis. It has also narrowed its volume guidance for phosphate and potash for full-year 2017. Mosaic has underperformed the industry it belongs to over a year. The company is exposed to a difficult pricing environment. Lower pricing is hurting sales and margins in its phosphate business and is expected to remain a headwind in the third quarter. Mosaic also faces a challenging operating environment in the agriculture space.”

A number of other research analysts have also recently weighed in on MOS. Citigroup Inc. cut their price objective on shares of Mosaic Company (The) from $34.00 to $31.00 and set a neutral rating for the company in a report on Tuesday, April 11th. Credit Suisse Group set a $20.00 price objective on shares of Mosaic Company (The) and gave the company a sell rating in a report on Saturday, April 15th. Royal Bank Of Canada cut their price objective on shares of Mosaic Company (The) from $31.00 to $29.00 and set a sector perform rating for the company in a report on Tuesday, April 18th. BMO Capital Markets set a $26.00 price objective on shares of Mosaic Company (The) and gave the company a hold rating in a report on Saturday, May 6th. Finally, Atlantic Securities raised shares of Mosaic Company (The) from an underweight rating to a neutral rating and set a $26.00 price objective for the company in a report on Tuesday, May 9th. Seven investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $25.36.

Shares of Mosaic Company (NYSE:MOS) traded up 0.23% on Monday, reaching $22.02. 1,300,345 shares of the company traded hands. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 52.43 and a beta of 1.24. Mosaic Company has a 1-year low of $21.78 and a 1-year high of $34.36. The company has a 50-day moving average of $23.32 and a 200-day moving average of $26.87.

Mosaic Company (The) (NYSE:MOS) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Mosaic Company (The) had a net margin of 2.07% and a return on equity of 3.31%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s revenue was up 4.7% compared to the same quarter last year. Analysts anticipate that Mosaic Company will post $1.07 earnings per share for the current fiscal year.

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In other news, Director Nancy E. Cooper sold 1,100 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the completion of the sale, the director now owns 8,260 shares of the company’s stock, valued at $193,201.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.38% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Mosaic Company (The) by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 494,581 shares of the basic materials company’s stock worth $14,506,000 after buying an additional 30,286 shares during the last quarter. Global X Management Co. LLC raised its position in Mosaic Company (The) by 16.4% in the first quarter. Global X Management Co. LLC now owns 32,585 shares of the basic materials company’s stock worth $951,000 after buying an additional 4,580 shares during the last quarter. Vident Investment Advisory LLC raised its position in Mosaic Company (The) by 415.2% in the first quarter. Vident Investment Advisory LLC now owns 67,094 shares of the basic materials company’s stock worth $1,958,000 after buying an additional 54,071 shares during the last quarter. Clinton Group Inc. acquired a new position in Mosaic Company (The) during the first quarter worth $3,737,000. Finally, Karp Capital Management Corp acquired a new position in Mosaic Company (The) during the first quarter worth $4,824,000. 82.40% of the stock is owned by institutional investors and hedge funds.

About Mosaic Company (The)

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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