JPMorgan Chase & Co. cut shares of Mosaic (NYSE:MOS) from a neutral rating to an underweight rating in a research note issued to investors on Wednesday morning, 24/7 WallStreet reports. JPMorgan Chase & Co. currently has $18.00 price objective on the basic materials company’s stock, down from their previous price objective of $20.00.

A number of other analysts have also commented on MOS. BMO Capital Markets set a $27.00 target price on Mosaic and gave the stock a hold rating in a report on Wednesday, August 7th. Cowen reduced their target price on Mosaic from $30.00 to $25.00 and set an outperform rating for the company in a report on Wednesday, August 28th. Consumer Edge initiated coverage on Mosaic in a report on Monday, September 23rd. They issued an equal weight rating and a $22.00 price objective for the company. Citigroup raised Mosaic from a neutral rating to a buy rating and lifted their price objective for the stock from $26.00 to $31.00 in a report on Wednesday, July 31st. Finally, ValuEngine raised Mosaic from a sell rating to a hold rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $27.63.

Shares of Mosaic stock traded down $0.54 on Wednesday, reaching $19.75. The company’s stock had a trading volume of 3,126,952 shares, compared to its average volume of 4,186,129. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 5.52 and a beta of 1.65. The firm’s fifty day simple moving average is $20.18 and its two-hundred day simple moving average is $21.87. Mosaic has a 52 week low of $17.36 and a 52 week high of $37.33. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 0.44.

Mosaic (NYSE:MOS) last posted its earnings results on Monday, November 4th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.02). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.67 billion. Mosaic had a positive return on equity of 4.48% and a negative net margin of 0.36%. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. As a group, research analysts predict that Mosaic will post 0.53 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Thursday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, December 4th. This represents a $0.20 annualized dividend and a yield of 1.01%. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

In related news, Director Cheryl K. Beebe bought 12,998 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average cost of $19.21 per share, for a total transaction of $249,691.58. Following the completion of the transaction, the director now owns 23,704 shares of the company’s stock, valued at $455,353.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William T. Monahan bought 2,360 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average price of $21.15 per share, for a total transaction of $49,914.00. Following the completion of the transaction, the director now directly owns 39,235 shares of the company’s stock, valued at approximately $829,820.25. The disclosure for this purchase can be found here. 0.51% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd purchased a new position in Mosaic during the second quarter valued at $103,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Mosaic by 25.2% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 61,332 shares of the basic materials company’s stock valued at $1,535,000 after purchasing an additional 12,341 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Mosaic by 36.2% during the second quarter. IFM Investors Pty Ltd now owns 30,031 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 7,974 shares in the last quarter. Centerstone Investors LLC lifted its position in Mosaic by 66.5% during the second quarter. Centerstone Investors LLC now owns 479,163 shares of the basic materials company’s stock valued at $11,994,000 after purchasing an additional 191,429 shares in the last quarter. Finally, ARGA Investment Management LP purchased a new position in Mosaic during the third quarter valued at $1,907,000. Institutional investors own 75.18% 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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Analyst Recommendations for Mosaic (NYSE:MOS)

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