Mosaic (NYSE:MOS) Shares Gap Down to $26.39

The Mosaic Company (NYSE:MOS)’s share price gapped down prior to trading on Monday . The stock had previously closed at $26.39, but opened at $25.48. Mosaic shares last traded at $25.44, with a volume of 903,216 shares.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MOS shares. UBS Group lowered their price target on shares of Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $30.00 target price on shares of Mosaic in a research note on Monday, August 12th. Barclays dropped their target price on shares of Mosaic from $39.00 to $32.00 and set an “overweight” rating on the stock in a research report on Friday, August 16th. Piper Sandler decreased their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Finally, Wells Fargo & Company dropped their price objective on shares of Mosaic from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Mosaic has an average rating of “Hold” and a consensus price target of $35.33.

Mosaic Stock Up 0.4 %

The stock’s 50 day moving average is $27.81 and its 200 day moving average is $29.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.54 and a current ratio of 1.16. The company has a market capitalization of $8.28 billion, a PE ratio of 10.91, a PEG ratio of 1.57 and a beta of 1.36.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Mosaic had a net margin of 2.01% and a return on equity of 6.92%. The firm had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that The Mosaic Company will post 2.26 EPS for the current fiscal year.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.26%. The ex-dividend date is Thursday, September 5th. Mosaic’s dividend payout ratio (DPR) is currently 35.74%.

Insider Activity at Mosaic

In other news, Director Kelvin R. Westbrook sold 12,666 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the sale, the director now directly owns 34,359 shares of the company’s stock, valued at approximately $938,687.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Mosaic news, SVP Walter F. Precourt III sold 39,748 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $27.96, for a total transaction of $1,111,354.08. Following the completion of the sale, the senior vice president now owns 136,682 shares of the company’s stock, valued at $3,821,628.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kelvin R. Westbrook sold 12,666 shares of Mosaic stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $27.32, for a total value of $346,035.12. Following the transaction, the director now directly owns 34,359 shares in the company, valued at $938,687.88. The disclosure for this sale can be found here. 0.86% of the stock is owned by corporate insiders.

Institutional Trading of Mosaic

Several institutional investors have recently made changes to their positions in MOS. Highlander Capital Management LLC lifted its position in shares of Mosaic by 515.4% in the first quarter. Highlander Capital Management LLC now owns 800 shares of the basic materials company’s stock worth $26,000 after buying an additional 670 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Mosaic by 40.0% during the second quarter. Blue Trust Inc. now owns 1,229 shares of the basic materials company’s stock valued at $36,000 after buying an additional 351 shares during the period. Mather Group LLC. bought a new stake in shares of Mosaic during the 1st quarter worth approximately $40,000. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Mosaic during the second quarter valued at $46,000. Finally, Kimelman & Baird LLC purchased a new stake in Mosaic in the 2nd quarter valued at about $49,000. 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.