Mosaic (NYSE:MOS) Lowered to Neutral Rating by Bank of America

Bank of America downgraded shares of Mosaic (NYSE:MOS) from a buy rating to a neutral rating in a research note published on Friday morning, MarketBeat Ratings reports. Bank of America currently has $30.00 price objective on the basic materials company’s stock, down from their prior price objective of $33.00.

Other research analysts also recently issued research reports about the stock. Scotiabank dropped their price objective on shares of Mosaic from $36.00 to $35.00 and set a “sector outperform” rating for the company in a report on Monday, March 2nd. Wells Fargo & Company decreased their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating on the stock in a report on Friday, January 23rd. Wall Street Zen lowered shares of Mosaic from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. HSBC decreased their price target on shares of Mosaic from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Monday, November 24th. Finally, Morgan Stanley dropped their price objective on shares of Mosaic from $35.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.75.

Mosaic Price Performance

MOS stock opened at $23.65 on Friday. Mosaic has a one year low of $22.36 and a one year high of $38.23. The company’s fifty day moving average price is $28.01 and its 200-day moving average price is $28.18. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The company has a market capitalization of $7.51 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 2.61 and a beta of 0.95.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, February 24th. The basic materials company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. On average, equities analysts anticipate that Mosaic will post 2.04 EPS for the current fiscal year.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s payout ratio is presently 52.07%.

Institutional Investors Weigh In On Mosaic

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Mosaic by 169.3% during 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 period. Rexford Capital Inc. purchased a new stake in Mosaic in the 2nd quarter worth about $28,000. True Wealth Design LLC lifted its stake in Mosaic by 1,819.0% in the third 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 last quarter. Mather Group LLC. bought a new stake in Mosaic in the third quarter worth about $31,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of Mosaic during the second quarter valued at approximately $31,000. Institutional investors own 77.54% of the company’s stock.

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.