Mosaic (NYSE:MOS) Hits New 52-Week Low – Time to Sell?

The Mosaic Company (NYSE:MOS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.36 and last traded at $23.12, with a volume of 752526 shares traded. The stock had previously closed at $23.45.

Analyst Ratings Changes

Several analysts have weighed in on the company. Morgan Stanley lowered their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada raised their target price on Mosaic from $28.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday. Wells Fargo & Company increased their price objective on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target for the company in a research note on Thursday, March 20th. Finally, Mizuho cut their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $32.58.

Mosaic Stock Performance

The business has a 50 day moving average price of $26.39 and a 200 day moving average price of $26.23. 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 stock has a market capitalization of $7.50 billion, a PE ratio of 20.94, a PEG ratio of 1.42 and a beta of 1.04.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.72%. Mosaic’s dividend payout ratio is currently 160.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MOS. Pacer Advisors Inc. raised its holdings in Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares during the last quarter. OLD National Bancorp IN lifted its holdings in shares of Mosaic by 33.8% during the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after purchasing an additional 73,653 shares in the last quarter. Swedbank AB increased its holdings in Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock worth $34,101,000 after buying an additional 117,838 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Mosaic by 59.5% in the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock worth $189,000 after buying an additional 2,867 shares during the last quarter. 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.