Mosaic (NYSE:MOS) Announces Quarterly Earnings Results

Mosaic (NYSE:MOS) posted its quarterly earnings data on Tuesday. The basic materials company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.01, Zacks reports. Mosaic had a return on equity of 4.74% and a net margin of 8.35%.

Mosaic Stock Performance

Shares of NYSE MOS traded down $0.75 during mid-day trading on Tuesday, hitting $26.51. The company had a trading volume of 9,681,652 shares, compared to its average volume of 5,379,892. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 8.99, a P/E/G ratio of 0.94 and a beta of 1.00. Mosaic has a 1 year low of $22.36 and a 1 year high of $38.23. The company has a current ratio of 1.14, a quick ratio of 0.44 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average price is $32.34 and its 200-day moving average price is $33.58.

Mosaic Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Monday, September 8th were given a $0.22 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.88 annualized dividend and a dividend yield of 3.3%. Mosaic’s payout ratio is 29.83%.

Analyst Upgrades and Downgrades

MOS has been the topic of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. UBS Group lowered their target price on Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Bank of America lowered their target price on Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Barclays lowered their target price on Mosaic from $46.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, October 9th. Finally, Wall Street Zen lowered Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $35.23.

Hedge Funds Weigh In On Mosaic

Several hedge funds have recently made changes to their positions in MOS. Geneos Wealth Management Inc. grew its position in shares of Mosaic by 169.3% in the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 601 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in Mosaic during the second quarter worth about $31,000. MUFG Securities EMEA plc purchased a new position in Mosaic during the second quarter worth about $34,000. NewEdge Advisors LLC grew its position in Mosaic by 27.8% during the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock worth $47,000 after buying an additional 380 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Mosaic during the first quarter worth about $201,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.