Mosaic (NYSE:MOS) Cut to Sell at Wall Street Zen

Wall Street Zen downgraded shares of Mosaic (NYSE:MOS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other equities analysts also recently issued reports on the company. UBS Group cut their target price on Mosaic from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Weiss Ratings lowered Mosaic from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, March 2nd. BNP Paribas Exane cut their price objective on Mosaic from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Monday, November 24th. Scotiabank reduced their target price on Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a report on Monday, March 2nd. Finally, Mizuho boosted their target price on shares of Mosaic from $28.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 25th. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Mosaic presently has an average rating of “Hold” and a consensus target price of $30.94.

Mosaic Stock Up 2.4%

Shares of NYSE:MOS opened at $26.94 on Friday. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. 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 firm’s 50-day simple moving average is $27.50 and its 200-day simple moving average is $28.46. The company has a market cap of $8.55 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.54 and a beta of 0.95.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share (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 analysts’ expectations of $3.02 billion. During the same period in the prior year, the company earned $0.45 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities research analysts predict that Mosaic will post 2.04 earnings per share for the current year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is presently 52.07%.

Institutional Trading of Mosaic

Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its position in shares of Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after buying an additional 433 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock worth $27,000 after buying an additional 650 shares in the last quarter. Rexford Capital Inc. acquired a new stake in Mosaic in the 2nd quarter valued at about $28,000. True Wealth Design LLC grew its stake in Mosaic by 1,819.0% in the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 764 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Mosaic during the 2nd quarter valued at about $31,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.