Mosaic Co. (MOS) Trading Up 2%
Mosaic Co. (NYSE:MOS)’s share price was up 2% during mid-day trading on Wednesday . The company traded as high as $27.03 and last traded at $27.02, with a volume of 4,111,083 shares trading hands. The stock had previously closed at $26.48.
A number of equities analysts have issued reports on MOS shares. CIBC cut shares of Mosaic from a “sector perform” rating to a “sector underperform” rating and set a $25.00 price objective on the stock. in a research report on Monday, April 4th. Barclays PLC cut shares of Mosaic from an “equal weight” rating to an “underweight” rating and set a $22.00 price objective on the stock. in a research report on Tuesday, April 19th. Cowen and Company lowered shares of Mosaic from a “market perform” rating to an “underperform” rating and set a $23.00 target price on the stock. in a research note on Thursday, April 14th. Citigroup Inc. cut their target price on shares of Mosaic from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, July 7th. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Mosaic in a research note on Thursday, June 16th. Eight equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €29.58 ($32.50).
The company’s 50 day moving average price is $26.36 and its 200 day moving average price is $26.35. The firm has a market capitalization of $9.59 billion and a price-to-earnings ratio of 10.13.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. During the same quarter in the prior year, the business posted $0.70 earnings per share. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.56 billion. The firm’s quarterly revenue was down 21.7% on a year-over-year basis. Equities analysts predict that Mosaic Co. will post $0.93 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Stockholders of record on Thursday, June 2nd were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Tuesday, May 31st.
In other news, VP Anthony T. Brausen sold 19,716 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of €25.72 ($28.26), for a total value of €507,095.52 ($557,247.82). Following the sale, the vice president now directly owns 46,607 shares in the company, valued at approximately €1,198,732.04 ($1,317,287.96). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard L. Mack sold 36,629 shares of the firm’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of €25.43 ($27.95), for a total transaction of €931,475.47 ($1,023,599.42). Following the completion of the sale, the chief financial officer now owns 94,524 shares in the company, valued at €2,403,745.32 ($2,641,478.37). The disclosure for this sale can be found here.
Other hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its stake in Mosaic by 2.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 38,293 shares of the company’s stock worth $1,057,000 after buying an additional 1,093 shares in the last quarter. World Asset Management Inc boosted its stake in Mosaic by 1.2% in the fourth quarter. World Asset Management Inc now owns 38,541 shares of the company’s stock worth $1,064,000 after buying an additional 468 shares during the period. Deere & Co. boosted its stake in Mosaic by 39.4% in the fourth quarter. Deere & Co. now owns 39,505 shares of the company’s stock worth $1,090,000 after buying an additional 11,160 shares during the period. Trexquant Investment LP bought a new stake in Mosaic during the fourth quarter worth approximately $1,090,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Mosaic by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 42,254 shares of the company’s stock worth $1,166,000 after buying an additional 789 shares during the period.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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