Mosaic (NYSE:MOS) Stock Price Down 4.6% – Here’s What Happened

Shares of The Mosaic Company (NYSE:MOS) were down 4.6% during mid-day trading on Monday . The stock traded as low as $27.79 and last traded at $27.95. Approximately 3,733,370 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 8,007,615 shares. The stock had previously closed at $29.31.

Analysts Set New Price Targets

Several research firms have commented on MOS. Morgan Stanley lowered their target price on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Scotiabank lowered their price objective on Mosaic from $36.00 to $35.00 and set a “sector outperform” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. lowered Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 target price for the company. in a report on Thursday, February 26th. Royal Bank Of Canada decreased their target price on Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a research report on Thursday, February 26th. Finally, Bank of America lowered their price target on Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.94.

Mosaic Trading Down 5.2%

The company has a quick ratio of 0.47, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.86 and a beta of 0.95. The business has a 50-day moving average of $27.88 and a two-hundred day moving average of $28.35.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The firm had revenue of $2.97 billion during the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Research analysts predict that The Mosaic Company will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s payout ratio is 52.07%.

Hedge Funds Weigh In On Mosaic

A number of hedge funds and other institutional investors have recently made changes to their positions in MOS. TD Waterhouse Canada Inc. raised its position in Mosaic by 2.8% in the second quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 333 shares in the last quarter. Cary Street Partners Financial LLC grew its stake in shares of Mosaic by 2.0% in the 4th quarter. Cary Street Partners Financial LLC now owns 19,604 shares of the basic materials company’s stock valued at $472,000 after purchasing an additional 380 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares in the last quarter. Foster Dykema Cabot & Partners LLC raised its holdings in shares of Mosaic by 54.3% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 1,157 shares of the basic materials company’s stock worth $40,000 after buying an additional 407 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Mosaic by 57.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,135 shares of the basic materials company’s stock worth $39,000 after buying an additional 415 shares during the period. 77.54% of the stock is 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.