Mosaic (NYSE:MOS) Trading Up 2.8%

The Mosaic Company (NYSE:MOS) was up 2.8% on Tuesday . The stock traded as high as $39.21 and last traded at $39.13. Approximately 851,235 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 4,102,323 shares. The stock had previously closed at $38.08.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MOS shares. Barclays downgraded Mosaic from an “equal weight” rating to an “underweight” rating and set a $40.00 target price for the company. in a research report on Monday, August 14th. Piper Sandler boosted their price objective on Mosaic from $42.00 to $46.00 in a research report on Monday, August 7th. Stifel Nicolaus lowered their price objective on Mosaic from $42.00 to $36.00 in a research report on Friday, June 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $40.00 price objective on shares of Mosaic in a research report on Tuesday, August 8th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $40.00 price objective on shares of Mosaic in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $45.71.

Mosaic Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 1.18 and a quick ratio of 0.53. The stock has a 50 day simple moving average of $39.02 and a two-hundred day simple moving average of $39.90. The company has a market cap of $12.88 billion, a PE ratio of 6.15, a PEG ratio of 1.41 and a beta of 1.52.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.03). Mosaic had a return on equity of 20.21% and a net margin of 12.89%. The company had revenue of $3.39 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the company earned $3.64 EPS. Mosaic’s revenue for the quarter was down 36.8% compared to the same quarter last year. Equities analysts predict that The Mosaic Company will post 3.89 EPS for the current year.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Thursday, September 7th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, September 6th. Mosaic’s dividend payout ratio (DPR) is presently 12.64%.

Institutional Investors Weigh In On Mosaic

Several large investors have recently modified their holdings of MOS. Bornite Capital Management LP purchased a new stake in shares of Mosaic during the first quarter worth approximately $13,300,000. Sei Investments Co. raised its position in Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock worth $12,614,000 after acquiring an additional 12,679 shares in the last quarter. Cetera Investment Advisers raised its position in Mosaic by 7.9% in the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock worth $1,366,000 after acquiring an additional 1,507 shares in the last quarter. National Pension Service purchased a new position in Mosaic in the first quarter worth $30,360,000. Finally, Baird Financial Group Inc. raised its position in Mosaic by 55.4% in the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock worth $20,749,000 after acquiring an additional 111,236 shares in the last quarter. Hedge funds and other institutional investors own 84.05% 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.