Mosaic (NYSE:MOS) Reaches New 1-Year Low on Analyst Downgrade

Key Points

• Mosaic hit a new 52-week low after Berenberg cut its price target from $38 to $28 and multiple brokers downgraded or lowered targets; shares traded as low as $22.74 (last $22.83) and the MarketBeat consensus remains a Hold with an average target of $29.31.
• The company reported an earnings miss, posting $0.22 EPS vs. $0.48 expected and $2.97B in revenue vs. $3.02B expected, although revenue was up 5.6% year-over-year and analysts forecast full-year EPS of $1.56.
• Mosaic declared a quarterly dividend of $0.22 (annualized $0.88) implying about a 3.8% yield

The Mosaic Company (NYSE:MOS - Get Free Report)'s share price reached a new 52-week low on Tuesday after Berenberg Bank lowered their price target on the stock from $38.00 to $28.00. Berenberg Bank currently has a hold rating on the stock. Mosaic traded as low as $22.74 and last traded at $22.8250, with a volume of 1509450 shares changing hands. The stock had previously closed at $22.97.

A number of other research firms have also weighed in on MOS. JPMorgan Chase & Co. lowered shares of Mosaic from a "neutral" rating to an "underweight" rating and set a $24.00 price objective on the stock. in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce dropped their target price on shares of Mosaic from $32.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday. Bank of America downgraded shares of Mosaic from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $33.00 to $30.00 in a research note on Friday, March 20th. Wells Fargo & Company reduced their price target on shares of Mosaic from $27.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 21st. Finally, Freedom Capital downgraded shares of Mosaic from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 19th. Four analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.31.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MOS. Geneos Wealth Management Inc. grew its holdings in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Mosaic by 1,819.0% in the third quarter. True Wealth Design LLC now owns 806 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 764 shares in the last quarter. Mather Group LLC. acquired a new position in shares of Mosaic in the third quarter valued at approximately $31,000. CYBER HORNET ETFs LLC acquired a new position in shares of Mosaic in the second quarter valued at approximately $31,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Mosaic by 72.9% in the first quarter. SJS Investment Consulting Inc. now owns 1,245 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Down 0.4%

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 stock has a market cap of $7.26 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 1.39 and a beta of 0.79. The business's fifty day moving average is $25.96 and its two-hundred day moving average is $26.30.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.26). Mosaic had a return on equity of 5.80% and a net margin of 4.49%.The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm earned $0.45 EPS. The company's revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that The Mosaic Company will post 1.56 earnings per share for the current fiscal year.

Mosaic Dividend Announcement

The company 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 dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, May 21st. Mosaic's payout ratio is 52.07%.

About Mosaic

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.

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