Mosaic (NYSE:MOS) Downgraded to Hold Rating by Wall Street Zen

Mosaic (NYSE:MOS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other analysts also recently issued reports on MOS. CIBC lifted their price objective on Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, May 9th. Barclays reissued an “overweight” rating and issued a $40.00 target price (up from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. UBS Group boosted their price target on shares of Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Piper Sandler reiterated a “neutral” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, March 27th. Finally, BNP Paribas raised shares of Mosaic to a “strong-buy” rating in a research note on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.58.

Mosaic Stock Performance

Shares of NYSE MOS opened at $34.80 on Friday. The company has a market cap of $11.04 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.42 and a beta of 1.14. Mosaic has a 52-week low of $22.36 and a 52-week high of $37.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The firm’s fifty day moving average is $30.73 and its two-hundred day moving average is $27.74.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. As a group, analysts anticipate that Mosaic will post 2.04 EPS for the current fiscal year.

Insider Activity at Mosaic

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total transaction of $643,140.00. Following the completion of the sale, the senior vice president now directly owns 128,546 shares of the company’s stock, valued at approximately $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Mosaic

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. purchased a new stake in shares of Mosaic during the first quarter valued at $26,000. Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after buying an additional 601 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Mosaic in the 1st quarter valued at about $27,000. Allworth Financial LP grew its stake in Mosaic by 102.3% in the 1st quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 537 shares in the last quarter. Finally, Tobam bought a new position in Mosaic in the 4th quarter worth about $38,000. Hedge funds and other 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.