Zacks Investment Research downgraded shares of Mosaic (NYSE:MOS) from a hold rating to a strong sell rating in a research report report published on Monday, Zacks.com reports.

According to Zacks, “Mosaic saw its profits surge year over year in the first quarter of 2019. Adjusted earnings and sales for the quarter topped the respective Zacks Consensus Estimate. The company cut its guidance for 2019. Sizable costs associated with regulatory changes in Brazil are expected to weigh on its earnings in 2019. Mosaic also faces challenges from lower expected phosphate demand in China in 2019. The company’s high debt level is another matter of concern. Higher raw material costs are also hurting phosphate margins. Mosaic has also underperformed the industry over a year.”

A number of other brokerages have also recently issued reports on MOS. Berenberg Bank started coverage on shares of Mosaic in a report on Tuesday, March 26th. They issued a hold rating and a $30.00 target price on the stock. Credit Suisse Group reissued a hold rating and issued a $30.00 target price on shares of Mosaic in a report on Monday, February 4th. Stifel Nicolaus raised their target price on shares of Mosaic from $31.00 to $33.00 and gave the stock a hold rating in a report on Tuesday, April 9th. ValuEngine cut shares of Mosaic from a hold rating to a sell rating in a report on Wednesday, April 24th. Finally, UBS Group set a $40.00 target price on shares of Mosaic and gave the stock a buy rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $33.13.

Shares of NYSE MOS opened at $22.34 on Monday. The company has a current ratio of 1.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. Mosaic has a 52-week low of $22.33 and a 52-week high of $37.37. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 1.97 and a beta of 1.42.

Mosaic (NYSE:MOS) last issued its earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $0.20 earnings per share. Mosaic’s revenue was down 1.8% on a year-over-year basis. As a group, analysts anticipate that Mosaic will post 1.68 EPS for the current fiscal year.

In other Mosaic news, CFO Clint Freeland purchased 4,250 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the completion of the transaction, the chief financial officer now owns 4,250 shares in the company, valued at approximately $100,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO James Calvin O’rourke purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was acquired at an average price of $24.03 per share, for a total transaction of $240,300.00. Following the transaction, the chief executive officer now owns 168,345 shares of the company’s stock, valued at approximately $4,045,330.35. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 17,339 shares of company stock worth $414,182. 0.51% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue grew its position in Mosaic by 7.1% in the first quarter. State of Alaska Department of Revenue now owns 103,498 shares of the basic materials company’s stock worth $2,825,000 after buying an additional 6,859 shares during the last quarter. Sigma Planning Corp grew its position in Mosaic by 9.2% in the fourth quarter. Sigma Planning Corp now owns 8,642 shares of the basic materials company’s stock worth $252,000 after buying an additional 725 shares during the last quarter. Millennium Management LLC grew its position in Mosaic by 439.3% in the fourth quarter. Millennium Management LLC now owns 3,744,249 shares of the basic materials company’s stock worth $109,370,000 after buying an additional 3,049,952 shares during the last quarter. Royal London Asset Management Ltd. grew its position in Mosaic by 3.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 144,159 shares of the basic materials company’s stock worth $4,155,000 after buying an additional 4,374 shares during the last quarter. Finally, QUANTRES ASSET MANAGEMENT Ltd grew its position in Mosaic by 62.4% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 34,600 shares of the basic materials company’s stock worth $945,000 after buying an additional 13,300 shares during the last quarter. Hedge funds and other institutional investors own 78.88% of the company’s stock.

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 International Distribution. 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.

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