Mosaic (NYSE:MOS) Downgraded by UBS Group to Neutral

UBS Group lowered shares of Mosaic (NYSE:MOS) from a buy rating to a neutral rating in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has $27.00 price target on the basic materials company’s stock, down from their previous price target of $33.00.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Mosaic from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a research report on Thursday, February 26th. Wall Street Zen lowered Mosaic from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Wolfe Research dropped their price objective on Mosaic from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Zacks Research raised shares of Mosaic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Mizuho upped their target price on shares of Mosaic from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, February 25th. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.40.

Mosaic Stock Down 4.7%

MOS stock opened at $24.96 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.47. The company’s 50 day simple moving average is $27.87 and its 200-day simple moving average is $27.97. Mosaic has a 12 month low of $22.36 and a 12 month high of $38.23. The firm has a market capitalization of $7.93 billion, a PE ratio of 14.77, a P/E/G ratio of 2.67 and a beta of 0.95.

Mosaic (NYSE:MOS) last issued its quarterly earnings data 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 company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts expect that Mosaic will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 21st will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s dividend payout ratio (DPR) is 52.07%.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its stake in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the last quarter. Rexford Capital Inc. acquired a new position in shares of Mosaic in the 2nd quarter valued at about $28,000. True Wealth Design LLC grew its holdings in shares of Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares during the period. Mather Group LLC. purchased a new stake in shares of Mosaic during the 3rd quarter worth about $31,000. Finally, CYBER HORNET ETFs LLC acquired a new stake in Mosaic during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Company Profile

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.