Mosaic (NYSE:MOS) Sets New 12-Month Low – Here’s What Happened

Shares of The Mosaic Company (NYSE:MOS) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $23.05 and last traded at $24.25, with a volume of 1949892 shares. The stock had previously closed at $25.09.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MOS shares. Morgan Stanley decreased their price target on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. CIBC assumed coverage on Mosaic in a research note on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price target for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Piper Sandler boosted their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $33.80.

Mosaic Price Performance

The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm’s 50-day moving average is $26.23 and its two-hundred day moving average is $26.46. The company has a market cap of $7.59 billion, a P/E ratio of 21.15, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.68%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio is currently 77.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Creative Planning lifted its stake in shares of Mosaic by 25.6% in the 3rd quarter. Creative Planning now owns 30,765 shares of the basic materials company’s stock valued at $824,000 after purchasing an additional 6,278 shares during the last quarter. Blue Trust Inc. raised its holdings in Mosaic by 46.4% during the 3rd quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company’s stock valued at $52,000 after buying an additional 570 shares during the period. International Assets Investment Management LLC lifted its position in Mosaic by 2,501.8% in the third quarter. International Assets Investment Management LLC now owns 156,761 shares of the basic materials company’s stock worth $4,198,000 after buying an additional 150,736 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Mosaic by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 41,038 shares of the basic materials company’s stock worth $1,099,000 after buying an additional 653 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in Mosaic by 87.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 70,314 shares of the basic materials company’s stock valued at $1,878,000 after acquiring an additional 32,745 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.