Mosaic (NYSE:MOS) Stock Breaks Above 50-Day Moving Average - What's Next?

Key Points

• Mosaic shares rose 3.3% and moved above their 50-day moving average, trading as high as $22.50 and last at $22.325, compared with the average of $21.75.
• Analyst sentiment remains cautious: the stock carries an average “Hold” rating from 23 analysts and an average price target of $25.68, while several firms recently cut their targets.
• Mosaic reported a quarterly loss of $0.19 per share, missing estimates of a $0.01 loss; revenue of $3.10 billion topped expectations but fell 10.2% year over year. The company declared a $0.22 quarterly dividend, equivalent to a 3.9% yield.

The Mosaic Company (NYSE:MOS - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $21.75 and traded as high as $22.50. Mosaic shares last traded at $22.3250, with a volume of 19,121,421 shares changing hands.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Royal Bank Of Canada cut shares of Mosaic from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $27.00 to $25.00 in a research note on Monday, October 5th. UBS Group reduced their target price on shares of Mosaic from $23.00 to $19.00 and set a "neutral" rating for the company in a research note on Tuesday, October 27th. downgraded shares of Mosaic from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from $27.00 to $25.00 in a report on Monday, October 5th. Barclays lowered their target price on shares of Mosaic from $26.00 to $22.00 and set an "equal weight" rating on the stock in a report on Friday, October 16th. Finally, Canadian Imperial Bank of Commerce dropped their price target on shares of Mosaic from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Mosaic has an average rating of "Hold" and an average target price of $25.68.

Mosaic Stock Up 3.3%

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 1.50. The firm has a fifty day moving average price of $21.75 and a 200 day moving average price of $23.80. The firm has a market capitalization of $7.10 billion, a price-to-earnings ratio of -6.31, a PEG ratio of 6.83 and a beta of 0.88.

Mosaic (NYSE:MOS - Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.18). Mosaic had a positive return on equity of 0.58% and a negative net margin of 9.43%. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the company earned $1.29 EPS. The company's revenue was down 10.2% on a year-over-year basis. As a group, sell-side analysts expect that The Mosaic Company will post 0.31 EPS for the current fiscal year.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Friday, December 4th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.9%. Mosaic's dividend payout ratio is -24.86%.

Insider Buying and Selling at Mosaic

In other news, SVP Walter Precourt, III sold 23,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total value of $508,760.00. Following the completion of the transaction, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This trade represents a 16.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Arizona State Retirement System boosted its holdings in shares of Mosaic by 0.6% during the second quarter. Arizona State Retirement System now owns 87,609 shares of the basic materials company's stock worth $1,856,000 after purchasing an additional 489 shares during the last quarter. Fortress Financial Group LLC purchased a new stake in shares of Mosaic in the second quarter valued at $269,000. Kestra Advisory Services LLC increased its stake in Mosaic by 4.6% in the third quarter. Kestra Advisory Services LLC now owns 12,496 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 547 shares during the last quarter. Tema ETFs LLC increased its stake in Mosaic by 10.0% in the second quarter. Tema ETFs LLC now owns 6,355 shares of the basic materials company's stock valued at $135,000 after purchasing an additional 580 shares during the last quarter. Finally, Plan A Wealth LLC increased its stake in Mosaic by 4.0% in the third quarter. Plan A Wealth LLC now owns 16,105 shares of the basic materials company's stock valued at $349,000 after purchasing an additional 620 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic

The Mosaic Company is a global producer and marketer of concentrated phosphate and potash crop nutrients. Its products help farmers supply crops with essential nutrients, including phosphorus and potassium, and are sold under brands such as MicroEssentials, Aspire and K-Mag.

Mosaic operates an integrated fertilizer business that includes phosphate rock mining, processing and manufacturing, as well as potash mining and production. The company also produces animal feed ingredients and other products derived from phosphate operations.

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