Mosaic (NYSE:MOS) Hits New 1-Year Low – Here’s Why

The Mosaic Company (NYSE:MOS) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $23.98 and last traded at $23.99, with a volume of 419490 shares traded. The stock had previously closed at $24.28.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 price objective on shares of Mosaic in a research note on Thursday, November 14th. Oppenheimer assumed coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC started coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. Barclays decreased their target price on shares of Mosaic from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, Wells Fargo & Company cut their price target on Mosaic from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.40.

Mosaic Trading Up 0.8 %

The firm has a market cap of $7.65 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a 50 day moving average price of $26.34 and a 200 day moving average price of $27.16.

Mosaic (NYSE:MOS) last posted its earnings results on Tuesday, November 12th. The basic materials company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.24). The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. The company’s quarterly revenue was down 20.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 EPS. On average, research analysts expect that The Mosaic Company will post 2.07 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Thursday, December 5th. Mosaic’s payout ratio is 74.34%.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Mosaic by 40.0% in the 2nd quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in Mosaic during the 2nd quarter worth approximately $46,000. Larson Financial Group LLC grew its holdings in Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Mosaic in the 2nd quarter valued at $49,000. Finally, CVA Family Office LLC lifted its position in shares of Mosaic by 23.2% during the 3rd quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

About Mosaic

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 Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.