Mosaic (NYSE:MOS) Sets New 52-Week High - Here's Why

The Mosaic Company (NYSE:MOS - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $35.47 and last traded at $35.34, with a volume of 3950637 shares changing hands. The stock had previously closed at $35.21.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research reports. Wells Fargo & Company lifted their price target on shares of Mosaic from $28.00 to $35.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of Mosaic in a research note on Wednesday, May 14th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a "buy" rating and a $31.00 price target on the stock. BNP Paribas raised shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Barclays reaffirmed an "overweight" rating and issued a $40.00 price target (up previously from $33.00) on shares of Mosaic in a research note on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.58.

Mosaic Stock Performance

The stock's 50-day moving average price is $28.27 and its 200-day moving average price is $26.85. The company has a market cap of $11.21 billion, a P/E ratio of 31.27, a PEG ratio of 1.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. The company had revenue of $2.62 billion during the quarter, compared to analysts' expectations of $2.70 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic's quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Equities analysts anticipate that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. Mosaic's payout ratio is presently 75.86%.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently modified their holdings of the business. Ancora Advisors LLC lifted its position in Mosaic by 0.9% during the first quarter. Ancora Advisors LLC now owns 40,256 shares of the basic materials company's stock worth $1,087,000 after purchasing an additional 350 shares during the period. NewEdge Advisors LLC lifted its position in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company's stock worth $47,000 after purchasing an additional 380 shares during the period. Twin Capital Management Inc. lifted its position in Mosaic by 2.7% during the first quarter. Twin Capital Management Inc. now owns 14,590 shares of the basic materials company's stock worth $394,000 after purchasing an additional 384 shares during the period. Intellectus Partners LLC lifted its position in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after purchasing an additional 400 shares during the period. Finally, Strengthening Families & Communities LLC lifted its position in Mosaic by 12.0% during the first quarter. Strengthening Families & Communities LLC now owns 4,210 shares of the basic materials company's stock worth $116,000 after purchasing an additional 450 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Company Profile

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.

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