Mosaic Company (MOS)

Over the past six months, Mosaic's stock experienced several notable events. Mosaic reported its second-quarter 2024 EPS of $0.54, missing analyst expectations by $0.12, and revenues also fell short. Mosaic announced a reduction in potash and phosphate production and shipping volumes due to operational challenges. Several analyst rating changes and price target adjustments occurred in October 2025. MOS bounced near its 52-week low of $24.12 on September 11, 2024. Mosaic Corporation was a significant contributor to the Ariel Focus Fund's performance in the second quarter of 2025, rising +35.88% during that period. Mosaic announced a quarterly dividend of $0.15 per share with an ex-dividend date of September 8, 2025, and a payment date of September 18, 2025.

Demand for The Mosaic Co.'s products is seasonal, particularly in North America. Fertilizer demand typically increases in the third quarter as farmers prepare their soil for the fall or the next planting season. Due to seasonality, Mosaic typically exports about half of its finished phosphate product in any given year. Demand recovery for both phosphates and potash was slowed by seasonality in late 2022. Demand in North America remains robust, and Brazil's in-season demand is solid due to concerns over low stocks. Fertilizer stocks, including Mosaic, are generally cyclical and commodity-driven, sensitive to crop prices, seasonal demand, input costs, supply-chain and regulatory changes, and weather or geopolitical events.

The Mosaic Company is a leading American chemical company specializing in crop nutrition, operating within the agriculture sector as the largest U.S. producer of potash and phosphate fertilizer. Mosaic's core business involves mining and processing phosphate and potash minerals to produce concentrated crop nutrients. The company's operations are divided into three main segments: Phosphates, Potash, and Mosaic Fertilizantes. The Phosphates segment produces and sells phosphate-based crop nutrients and animal feed ingredients. The Potash segment focuses on mining and selling potash for use in mixed crop nutrients, fertilizer, industrial applications, and animal feed ingredients. The Mosaic Fertilizantes segment, primarily operating in Brazil, produces and sells phosphate- and potash-based crop nutrients and animal feed ingredients and serves as a distribution outlet for the Phosphates and Potash segments. Mosaic's products are sold to a diverse customer base worldwide.

The Mosaic Company has a significant global presence, with operations spanning North America, South America, Asia Pacific, and the Middle East. Its headquarters are in Tampa, Florida, U.S. Key operational locations include phosphate and potash facilities in the United States, potash mines and surface mills in Saskatchewan, Canada, numerous facilities in Brazil under Mosaic Fertilizantes, interests in a phosphate rock mine in Bayovar, Peru, and a joint venture in Saudi Arabia. The company also has a presence in China, India, Paraguay, Argentina, Japan, Colombia, Australia, Mexico, Honduras, the Dominican Republic, Thailand, and Indonesia through its distribution networks.

Mosaic adjusted its trade volumes to boost domestic availability for U.S. farmers. Mosaic has publicly pledged to increase its Indigenous hiring rate, community investment, and procurement spend, aiming for 15% in each area by 2025. Mosaic has implemented projects to reduce its carbon footprint. The Mosaic Company Foundation for Sustainable Food Systems and the PepsiCo Foundation are investing in FarmPath, a program that helps smallholder farmers. Operational challenges leading to production cuts in September 2024 could have a minor, localized impact on reputation related to reliability. The potential for increased tariffs on Canadian fertilizer could impact Mosaic's cost structure and competitive pricing.

The Mosaic Company is a publicly traded company listed on the NYSE (NYSE: MOS) and a component of the S&P 500. Investment firms like Ariel Focus Fund hold positions in Mosaic, with Mosaic Company constituting 3.98% of their holdings as of June 30, 2025, and 3.1% as of September 30, 2025.