Mosaic Co. (MOS) Sees Unusually-High Trading Volume
Mosaic Co. (NYSE:MOS) shares saw unusually-strong trading volume on Thursday . Approximately 4,846,252 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 5,723,694 shares.The stock last traded at $28.45 and had previously closed at $27.41.
A number of equities analysts recently commented on MOS shares. Royal Bank Of Canada decreased their price objective on shares of Mosaic from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $24.00 price objective (up previously from $22.00) on shares of Mosaic in a research note on Friday, May 6th. Vetr lowered shares of Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 price objective for the company. in a research note on Monday, May 23rd. HSBC lowered shares of Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 target price for the company. in a research note on Monday, May 23rd. Finally, Cowen and Company lowered shares of Mosaic from a “market perform” rating to an “underperform” rating and set a $23.00 target price for the company. in a research note on Thursday, April 14th. 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’s stock. The stock presently has an average rating of “Hold” and a consensus price target of €29.71 ($32.65).
The firm has a market cap of $10.04 billion and a price-to-earnings ratio of 10.60. The firm’s 50 day moving average is $26.53 and its 200 day moving average is $26.37.
Mosaic (NYSE:MOS) last announced its earnings results on Wednesday, May 4th. The company reported $0.14 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. During the same quarter in the previous year, the company posted $0.70 EPS. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.56 billion. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. Equities research analysts anticipate that Mosaic Co. will post $0.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Tuesday, May 31st.
In other Mosaic news, CFO Richard L. Mack sold 36,629 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of €25.43 ($27.95), for a total value 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Anthony T. Brausen sold 19,716 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of €25.72 ($28.26), for a total transaction of €507,095.52 ($557,247.82). Following the completion of the sale, the vice president now owns 46,607 shares of the company’s stock, valued at approximately €1,198,732.04 ($1,317,287.96). The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Mosaic by 24.2% in the fourth quarter. Vanguard Group Inc. now owns 23,216,866 shares of the company’s stock worth $640,554,000 after buying an additional 4,530,002 shares in the last quarter. Boston Partners boosted its stake in shares of Mosaic by 117.8% in the fourth quarter. Boston Partners now owns 4,778,370 shares of the company’s stock worth $131,835,000 after buying an additional 2,584,197 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of Mosaic by 122.6% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 590,000 shares of the company’s stock worth $16,278,000 after buying an additional 325,000 shares in the last quarter. Winton Capital Group Ltd boosted its stake in shares of Mosaic by 34.3% in the fourth quarter. Winton Capital Group Ltd now owns 1,257,419 shares of the company’s stock worth $34,692,000 after buying an additional 321,393 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Mosaic by 26.7% in the fourth quarter. First Trust Advisors LP now owns 632,196 shares of the company’s stock worth $17,442,000 after buying an additional 133,407 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.