Mosaic Company (The) (MOS) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research downgraded shares of Mosaic Company (The) (NYSE:MOS) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.
According to Zacks, “Mosaic saw its profits surge year over year in the third quarter, driven by strong operational performance and healthy demand for its products. Both revenues and adjusted earnings topped the respective Zacks Consensus Estimate. Mosaic is well placed to gain from strong global demand for fertilizers. Moreover, the acquisition of Vale Fertilizantes will help the company to capitalize on the rapidly growing Brazilian agricultural market. The buyout is also expected to deliver significant synergies. Mosaic should also benefit from its cost reduction measures and its efforts to boost production capacity. However, Mosaic is exposed to a challenging operating environment in the agriculture space. The company also faces headwinds from the unfavorable impacts of Hurricane Irma. Mosaic has also underperformed the industry it belongs to over a year.”
A number of other analysts have also issued reports on MOS. Citigroup Inc. lowered their target price on shares of Mosaic Company (The) from $27.00 to $26.00 and set a neutral rating for the company in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a hold rating and set a $26.00 target price on shares of Mosaic Company (The) in a research note on Wednesday, July 12th. Stifel Nicolaus reissued a hold rating and set a $27.00 target price on shares of Mosaic Company (The) in a research note on Friday, July 14th. BidaskClub lowered shares of Mosaic Company (The) from a hold rating to a sell rating in a research note on Friday, July 28th. Finally, BMO Capital Markets reissued a market perform rating and set a $25.00 target price (down from $26.00) on shares of Mosaic Company (The) in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of C$23.91.
Shares of Mosaic Company (NYSE MOS) traded up C$0.34 on Tuesday, hitting C$22.84. 4,834,700 shares of the stock were exchanged, compared to its average volume of 4,473,120. The stock has a market capitalization of $7,898.60, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.68 and a beta of 1.27. Mosaic Company has a 1 year low of C$19.23 and a 1 year high of C$34.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.78 and a quick ratio of 0.90.
Mosaic Company (The) (NYSE:MOS) last issued its earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$0.25 by C$0.18. The firm had revenue of C$1.98 billion during the quarter, compared to analyst estimates of C$1.93 billion. Mosaic Company (The) had a net margin of 4.68% and a return on equity of 3.61%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. equities analysts forecast that Mosaic Company will post 0.88 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Thursday, December 7th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.10 dividend on an annualized basis and a yield of 0.44%. Mosaic Company (The)’s dividend payout ratio is presently 62.50%.
In other news, Director Robert L. Lumpkins bought 7,000 shares of Mosaic Company (The) stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of C$19.94 per share, for a total transaction of C$139,580.00. Following the completion of the acquisition, the director now owns 9,339 shares of the company’s stock, valued at approximately C$186,219.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.38% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MOS. Teachers Advisors LLC increased its holdings in shares of Mosaic Company (The) by 6.6% during the first quarter. Teachers Advisors LLC now owns 527,190 shares of the company’s stock valued at $15,383,000 after acquiring an additional 32,609 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Mosaic Company (The) during the first quarter valued at about $283,000. Xact Kapitalforvaltning AB increased its holdings in shares of Mosaic Company (The) by 0.6% during the second quarter. Xact Kapitalforvaltning AB now owns 53,096 shares of the company’s stock valued at $1,212,000 after acquiring an additional 297 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in shares of Mosaic Company (The) by 122.3% during the second quarter. Fox Run Management L.L.C. now owns 30,900 shares of the company’s stock valued at $705,000 after acquiring an additional 17,000 shares in the last quarter. Finally, Atria Investments LLC boosted its position in Mosaic Company (The) by 13.9% in the second quarter. Atria Investments LLC now owns 113,958 shares of the company’s stock valued at $2,602,000 after buying an additional 13,914 shares during the last quarter. Hedge funds and other institutional investors own 77.81% of the company’s stock.
About Mosaic Company (The)
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
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