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The Mosaic Company (MOS)

  • Thu, Aug. 13, 4:40 PM
    • Mosaic (NYSE:MOS) declares $0.275/share quarterly dividend, in line with previous.
    • Forward yield 2.54%
    • Payable Sept. 17; for shareholders of record Sept. 3; ex-div Sept. 1.
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  • Tue, Aug. 4, 4:49 PM
    • Canpotex, the potash export sales arm for Potash Corp. (NYSE:POT), Mosaic (NYSE:MOS) and Agrium (NYSE:AGU), says it has hired Ken Seitz, chief commercial officer of uranium producer Cameco (NYSE:CCJ), as its new CEO.
    • The current president and CEO, Steve Dechka, is retiring at the end of the year after 32 years of service with the company.
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  • Tue, Aug. 4, 3:22 PM
    • Mosaic (MOS +2.8%) continues to maintain solid gains after reporting better than expected Q2 earnings thanks to higher sales of phosphates, which now account for more than half of the company's operating earnings.
    • MOS says Q2 net sales of phosphates totaled $1.4B, up from $1.3B the year before, while sales volumes in the segment were 2.8M metric tons, up from 2.6M in the prior-year period; potash net sales were $730M, down from $762M a year earlier, on lower sales volume of 2.3M metric tons vs. 2.5M a year ago.
    • Phosphate prices during Q2 fell ~3% Y/Y, while potash prices climbed nearly 5% Y/Y.
    • For the full year, MOS sees phosphate sales volumes of 9.5M-10M metric tons, vs. an earlier outlook for 9M-10M metric tons, and potash sales volumes of 8.2M-8.6M metric tons, vs. 8.5M-9M earlier.
    • CEO Jim Prokopanko, who steps down from the job tomorrow, says Q2, which includes the spring planting season in North America, showed that farmers are not skimping on fertilizer, and says he expects farmers to behave similarly during the fall fertilizer application period.
    • COO Jim O'Rourke, who is taking over for Prokopanko, says the possible takeover of German potash miner K+S by Potash Corp. would make further industry consolidation less likely.
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  • Tue, Aug. 4, 7:02 AM
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  • Mon, Aug. 3, 5:30 PM
  • Thu, Jun. 11, 7:13 PM
    • Mosaic (NYSE:MOS) is reiterated with a Buy rating and $56 price target at Stifel Nicolaus following meetings with senior management.
    • The firm cites three main takeaways from the meetings: Phosphate production costs have and will continue to decline as a result of input cost tailwinds, pessimism about potash is overdone despite lower demand in Brazil and North America, and planting in North America likely was better than current market expectations, which could lead to strong fertilizer demand.
    • Related tickers: POT, AGU, IPI
  • Thu, May 14, 5:01 PM
    • Mosaic (NYSE:MOS) +1% AH after unveiling a $1.5B share buyback and raising its quarterly dividend.
    • MOS says it will execute an accelerated buyback of $500M of shares, and buy the rest back in the next two to three years.
    • MOS also raising its quarterly dividend to $0.275/share from $0.25.
    | 1 Comment
  • Wed, May 13, 5:51 PM
    • Mosaic (NYSE:MOS) selects James O'Rourke to succeed James Prokopanko as President and CEO, effective Aug. 5.
    • O'Rourke has served as COO and executive VP of operations since 2012 after joining MOS in 2009; he had served as president of Barrick God's Australia Pacific unit.
    • Prokopanko will remain as a senior adviser until his planned retirement in January 2016 to spend more time with his family following his treatment for cancer.
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  • Mon, May 11, 3:04 PM
    • Screening for the 10 S&P 500 companies which cut their float by the most in 2014, Wallace Witkowski finds just half have seen their stock prices outperform the average over past two years. Six out of ten saw an improvement in adjusted EPS; five out of ten an improvement in EPS.
    • ADT Corp. (NYSE:ADT) reduced its share count by 18% - the most in the group - and has seen its stock price fall 16% over the last two years. Next is Cameron International (NYSE:CAM), which cut its float by 16% and saw its stock decline 19%. Mosaic (NYSE:MOS) has bought back 12% of its stock, but is down 30%.
    • Success stories include CF Industries (NYSE:CF), cutting stock outstanding by 14% and posting a 62% gain in price. Juniper Networks (NYSE:JNPR) has bought back 10% of the float and is sporting a 57% gain.
    • All ten of the companies increased their debt load alongside the buybacks.
  • Thu, Apr. 30, 8:58 AM
    • Mosaic (NYSE:MOS) +0.2% premarket after Q1 earnings beat analyst estimates, although potash volumes fell because of issues with the North American spring fertilizer business.
    • Q1 phosphate sales grew to $1.2B from $959M in the year-ago quarter, reflecting higher sales volume and higher finished-product prices, and phosphate sales volumes totaled 2.3M metric tons, on the higher end of the company’s expected range of 2.1M-2.3M.
    • However, Q1 potash sales fell to $653M from $733M a year ago, and sales volume of 2M metric tons was on the low end of the company’s projection of 2M-2.3M metric tons, as "seasonal uncertainty during this time of year has been exacerbated by the delayed and compressed North American spring fertilizer applications."
    • For Q2, MOS projects volumes of phosphate of 2.3M-2.7M metric tons vs. 2.6M last year, and sees potash volumes of 2M-2.4M metric tons vs. 2.5M a year ago.
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  • Thu, Apr. 30, 6:01 AM
    • Mosaic (NYSE:MOS): Q1 EPS of $0.80 beats by $0.05.
    • Revenue of $2.14B (+8.1% Y/Y)
    • Press Release
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  • Tue, Apr. 14, 7:15 PM
    • Goldman Sachs offers three criteria on how to pick stocks to short: Look for individual stocks with high valuations that have a tendency to underperform; take hints from mutual funds as they do a good job of selecting shorts; and look for stocks that are likely to move on company-specific factors and are less prone to moving with general market and sector trends.
    • Among the overvalued stocks Goldman thinks could drop are CELG, ORLY and RHT; stocks underweight by mutual funds that could fall are HST, CTL and EQR; and likely to deviate from the broad market and their sectors are KLAC, JEC and COH.
    • Rounding out Goldman's 19 stock recommendations that could reward short sellers: ARG, DO, DISCA, FLS, KSS, MOS, NDAQ, NVDA, TDC, WU.
  • Fri, Apr. 10, 11:59 AM
    • Uralkali agrees to a less-than-planned $10/metric ton increase in potash sales this year to China, agreeing to supply 850K metric tons of potash at $315/metric ton on a cost and freight basis in 2015, equal to the price agreed by Belarussian Potash Co. with China in March.
    • The Belarus contract has set a benchmark for other producers despite being criticized by Uralkali, which had been negotiating a $30 increase.
    • Canpotex - the offshore potash sales arm of Potash Corp. (POT +0.6%), Mosaic (MOS -0.2%) and Agrium (AGU +0.7%) - signed a contract with China in late March but did not release price terms.
    • Uralkali's 2014 contract had set out terms for supply of 700K metric tons of potash to China at $305.
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  • Tue, Mar. 31, 12:34 PM
    • The growing probability that China will devalue its currency could prove potentially “devastating" for fertilizer stocks because global nitrogen prices would plunge instantly with ammonia following in sympathy, Scotiabank's Ben Isaacson says.
    • Potash demand destruction would be swift as Chinese farmers push back on soaring local prices required to cover unchanged U.S. dollar prices, although the phosphate market could be spared as lower-cost Chinese capacity would not be able to push non-integrated India producers off the cost curve, Isaacson says.
    • "Commodities worldwide would suffer greatly,” the analyst says, noting that Agrium (AGU -1.1%) and Mosaic (MOS -0.9%) would be the better picks if a devaluation occurs but would still suffer “first-degree burns."
    • Also: POT +0.4%, CF -1%, SQM -0.9%, IPI -0.5%.
  • Tue, Mar. 31, 7:56 AM
    • Mosaic (NYSE:MOS) hikes annual dividend by 10% to $1.10/share, translating into annual yield of 2.32%.
    • The increased dividend will be effective from May 2015.
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  • Mon, Mar. 30, 4:59 PM
    • Mosaic (NYSE:MOS) says changes to Saskatchewan's potash production tax will cost it $80M-$100M in 2015, and it expects to update all guidance, including CRT and Canadian Royalties, in its Q1 earnings release on April 30.
    • The provincial government said earlier this month that it will require potash mining companies to spread out tax deductions on capital spending over a longer period of time, in an effort to plug a C$661M ($525M) drop in revenue from lower oil prices.
    • Potash Corp. (NYSE:POT) has said the changes will hurt its 2015 pre-tax earnings by C$75M-C$100M.
    | 1 Comment
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Company Description
Mosaic Coproduces and markets concentrated phosphate and potash crop nutrients.Itis organized into the two business segments: Phosphates and Potash.