Mosaic (NYSE:MOS) Reaches New 52-Week Low - What's Next?

The Mosaic Company (NYSE:MOS - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The company traded as low as $23.56 and last traded at $23.82, with a volume of 392594 shares traded. The stock had previously closed at $23.87.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Oppenheimer started coverage on Mosaic in a research note on Thursday, December 12th. They set a "market perform" rating on the stock. Wells Fargo & Company lowered their price target on shares of Mosaic from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 24th. Royal Bank of Canada restated a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Barclays decreased their target price on shares of Mosaic from $32.00 to $30.00 and set an "overweight" rating on the stock in a report on Friday, October 11th. Finally, CIBC assumed coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Mosaic has an average rating of "Hold" and a consensus target price of $35.40.

Mosaic Stock Up 0.5 %

The business has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $26.95. The company has a market capitalization of $7.62 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.24). The firm had revenue of $2.81 billion during the quarter, compared to analysts' expectations of $3.17 billion. Mosaic had a net margin of 3.24% and a return on equity of 6.00%. Mosaic's quarterly revenue was down 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. As a group, equities analysts predict that The Mosaic Company will post 2.07 earnings per share for the current fiscal year.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.22 dividend. This is a positive change from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.67%. Mosaic's dividend payout ratio (DPR) is presently 77.88%.

Institutional Investors Weigh In On Mosaic

Large investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. raised its position in Mosaic by 1.5% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock valued at $625,000 after purchasing an additional 354 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Mosaic by 5.0% in the second quarter. Moors & Cabot Inc. now owns 7,958 shares of the basic materials company's stock valued at $230,000 after acquiring an additional 382 shares in the last quarter. CVA Family Office LLC lifted its stake in Mosaic by 23.2% in the third quarter. CVA Family Office LLC now owns 2,037 shares of the basic materials company's stock worth $55,000 after acquiring an additional 384 shares during the last quarter. V Square Quantitative Management LLC grew its holdings in Mosaic by 5.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock worth $235,000 after acquiring an additional 426 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Mosaic by 5.8% in the 3rd quarter. GAMMA Investing LLC now owns 9,498 shares of the basic materials company's stock valued at $254,000 after purchasing an additional 517 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

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.