Mosaic Co (NYSE:MOS) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report issued on Monday, The Fly reports. They presently have a $24.00 target price on the fertilizer maker’s stock, down from their prior target price of $40.00. JPMorgan Chase & Co.’s target price would suggest a potential upside of 6.34% from the stock’s current price.

Other institutional investors have modified their holdings of the company. J. Goldman & Company increased its position in shares of Mosaic by 38.9% in the third quarter. J. Goldman & Company now owns 62,500 shares of the fertilizer maker’s stock valued at $1,944,000 after buying an additional 17,500 shares during the last quarter. Baker Avenue Asset Management increased its position in shares of Mosaic by 160.0% in the third quarter. Baker Avenue Asset Management now owns 15,600 shares of the fertilizer maker’s stock valued at $485,000 after buying an additional 9,600 shares during the last quarter. ING Groep increased its position in shares of Mosaic by 277.3% in the third quarter. ING Groep now owns 3,259,114 shares of the fertilizer maker’s stock valued at $101,359,000 after buying an additional 2,395,423 shares during the last quarter. Jennison Associates acquired a new position in shares of Mosaic during the third quarter valued at about $2,057,000. Finally, BB&T Securities increased its position in shares of Mosaic by 226.9% in the fourth quarter. BB&T Securities now owns 39,175 shares of the fertilizer maker’s stock valued at $1,080,000 after buying an additional 27,192 shares during the last quarter.

A number of other research analysts have also commented on MOS. BMO Capital Markets lowered their price objective on Mosaic from $49.00 to $45.00 in a report on Wednesday, November 4th. RBC Capital lowered their target price on Mosaic from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. Stifel Nicolaus lowered their target price on Mosaic from $48.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, November 5th. Credit Suisse lowered their target price on Mosaic from $46.00 to $33.00 in a report on Wednesday, November 4th. Finally, Cowen and Company reaffirmed a “hold” rating on shares of Mosaic in a report on Tuesday, December 22nd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.16.

Shares of Mosaic (NYSE:MOS) traded down 1.23% on Monday, reaching $22.57. The company had a trading volume of 5,721,879 shares. The firm has a market capitalization of $7.96 billion and a PE ratio of 6.84. The company’s 50-day moving average is $27.11 and its 200 day moving average is $34.76. Mosaic has a 12 month low of $22.16 and a 12 month high of $53.83.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, November 3rd. The fertilizer maker reported $0.62 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.10. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.54 billion. The business’s revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 EPS. Equities analysts forecast that Mosaic will post $2.87 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 17th. Shareholders of record on Thursday, March 3rd will be given a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, March 1st. This represents a $1.10 annualized dividend and a yield of 4.87%. This is a positive change from Mosaic’s previous quarterly dividend of $0.25.

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company is a single source supplier of phosphate and potash-based crop nutrients and animal feed ingredients. It operates in two segments. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients. The Potash segment owns and operates potash mines and production facilities in Canada and the United States, which produce potash-based crop nutrients, animal feed ingredients and industrial products. It mines phosphate rock in Florida and process rock into finished phosphate products at facilities in Florida and Louisiana. It also mines potash in Saskatchewan and New Mexico. The Company has other production, blending or distribution operations in Brazil, China, India and Paraguay.

12 Month Chart for NYSE:MOS

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