ValuEngine lowered shares of Mosaic (NYSE:MOS) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut Mosaic from an overweight rating to a neutral rating and decreased their price objective for the company from $38.00 to $33.00 in a research note on Wednesday. TheStreet upgraded Mosaic from a c+ rating to a b- rating in a research note on Monday, November 19th. Cowen lifted their price objective on Mosaic from $38.00 to $43.00 and gave the company an outperform rating in a research note on Thursday, November 15th. Royal Bank of Canada set a $45.00 price objective on Mosaic and gave the company a buy rating in a research note on Wednesday, November 7th. Finally, Credit Suisse Group set a $30.00 price objective on Mosaic and gave the company a sell rating in a research note on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $36.00.

Shares of MOS opened at $30.93 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.67 and a quick ratio of 0.89. The stock has a market capitalization of $11.92 billion, a PE ratio of 28.38, a P/E/G ratio of 2.32 and a beta of 1.45. Mosaic has a 1 year low of $22.90 and a 1 year high of $37.37.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.11. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Mosaic had a positive return on equity of 6.17% and a negative net margin of 0.80%. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. As a group, sell-side analysts expect that Mosaic will post 1.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, December 5th. Mosaic’s dividend payout ratio (DPR) is presently 9.17%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Mosaic during the 2nd quarter worth about $115,000. Rehmann Capital Advisory Group raised its position in shares of Mosaic by 12,038.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after acquiring an additional 4,695 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Mosaic during the 2nd quarter worth about $144,000. First Hawaiian Bank acquired a new stake in shares of Mosaic during the 3rd quarter worth about $175,000. Finally, Glenmede Trust Co. NA raised its position in shares of Mosaic by 49.4% during the 3rd quarter. Glenmede Trust Co. NA now owns 5,613 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 1,856 shares in the last quarter. 75.49% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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Analyst Recommendations for Mosaic (NYSE:MOS)

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