Mosaic (NYSE:MOS) Hits New 1-Year Low – Here’s Why

The Mosaic Company (NYSE:MOS)’s share price hit a new 52-week low on Monday . The company traded as low as $22.36 and last traded at $23.12, with a volume of 752526 shares changing hands. The stock had previously closed at $23.45.

Analyst Ratings Changes

A number of research firms have commented on MOS. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. 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. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price on the stock. Scotiabank boosted their price target on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Finally, Morgan Stanley lowered their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $32.58.

Mosaic Price Performance

The firm has a market cap of $7.50 billion, a PE ratio of 20.94, a P/E/G ratio of 1.42 and a beta of 1.04. The firm’s fifty day simple moving average is $26.39 and its two-hundred day simple moving average is $26.23. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is 160.00%.

Institutional Investors Weigh In On Mosaic

A number of institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its position in shares of Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after acquiring an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN boosted its stake in Mosaic by 33.8% in the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the period. Swedbank AB grew its holdings in Mosaic by 9.3% during the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after buying an additional 117,838 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of Mosaic by 59.5% during the fourth quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock valued at $189,000 after buying an additional 2,867 shares during the last quarter. 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.