Mosaic (NYSE:MOS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Mosaic (NYSE:MOS) from a buy rating to a hold rating in a report published on Saturday.

MOS has been the topic of a number of other reports. UBS Group lifted their target price on Mosaic from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Mosaic in a research report on Monday, July 14th. Barclays lifted their target price on Mosaic from $40.00 to $46.00 and gave the stock an “overweight” rating in a research report on Monday, July 7th. Wells Fargo & Company decreased their target price on Mosaic from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.42.

Mosaic Trading Up 1.2%

Shares of NYSE:MOS opened at $34.06 on Friday. The company has a market cap of $10.81 billion, a P/E ratio of 11.54, a P/E/G ratio of 1.56 and a beta of 0.99. The stock’s 50-day moving average is $34.19 and its 200-day moving average is $32.00. Mosaic has a 52-week low of $22.36 and a 52-week high of $38.23. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.20). The business had revenue of $3.01 billion during the quarter, compared to analyst estimates of $3.11 billion. Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. Equities research analysts predict that Mosaic will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, September 8th will be paid a $0.22 dividend. The ex-dividend date is Monday, September 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Mosaic’s payout ratio is 29.83%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MOS. First Horizon Advisors Inc. raised its stake 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 acquiring an additional 433 shares during the last quarter. NBC Securities Inc. bought a new position in Mosaic in the 1st quarter worth approximately $26,000. Bangor Savings Bank bought a new position in Mosaic in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. raised its position in Mosaic by 169.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in Mosaic in the 1st quarter worth approximately $27,000. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.