Mosaic (NYSE:MOS) Cut to Market Perform at Oppenheimer

Oppenheimer downgraded shares of Mosaic (NYSE:MOS) from an outperform rating to a market perform rating in a report issued on Friday morning, Marketbeat reports.

MOS has been the subject of several other reports. Barclays reduced their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. JPMorgan Chase & Co. cut their price target on Mosaic from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Scotiabank raised their price objective on Mosaic from $34.00 to $36.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. Morgan Stanley upped their target price on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $31.50.

Mosaic Stock Performance

NYSE:MOS opened at $26.37 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. Mosaic has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a fifty day moving average of $24.79 and a 200-day moving average of $30.16. The firm has a market capitalization of $8.37 billion, a P/E ratio of 6.83, a P/E/G ratio of 1.16 and a beta of 0.94.

Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business had revenue of $3.45 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same period in the prior year, the firm earned $0.34 earnings per share. Mosaic’s revenue was up 22.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Mosaic will post 2.04 EPS for the current year.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be paid a dividend of $0.22 per share. The ex-dividend date is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.3%. Mosaic’s dividend payout ratio (DPR) is 22.80%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MOS. NewEdge Advisors LLC increased its stake in Mosaic by 27.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the last quarter. United Services Automobile Association bought a new position in shares of Mosaic in the first quarter valued at approximately $201,000. Empowered Funds LLC grew its holdings in shares of Mosaic by 170.5% in the first quarter. Empowered Funds LLC now owns 54,176 shares of the basic materials company’s stock valued at $1,463,000 after acquiring an additional 34,151 shares in the last quarter. Woodline Partners LP increased its position in shares of Mosaic by 40.7% during the first quarter. Woodline Partners LP now owns 26,836 shares of the basic materials company’s stock valued at $725,000 after acquiring an additional 7,760 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 601 shares during the period. 77.54% of the stock is owned by institutional investors.

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.