Mosaic Co. (NYSE:MOS) shares dropped 4.5% during mid-day trading on Thursday . The stock traded as low as $27.43 and last traded at $27.57, with a volume of 3,722,113 shares. The stock had previously closed at $28.88.

MOS has been the subject of several recent research reports. Royal Bank Of Canada reduced their target price on shares of Mosaic from $30.00 to $29.00 and set an “outperform” rating for the company in a report on Tuesday, April 26th. Piper Jaffray Cos. reissued a “neutral” rating and set a $24.00 target price (up previously from $22.00) on shares of Mosaic in a report on Friday, May 6th. Vetr cut shares of Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 price objective for the company. in a report on Monday, May 23rd. HSBC cut shares of Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 price objective for the company. in a report on Monday, May 23rd. Finally, Cowen and Company cut shares of Mosaic from a “market perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a report on Thursday, April 14th. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. Mosaic currently has a consensus rating of “Hold” and an average price target of €29.71 ($33.01).

The stock’s 50 day moving average price is $27.05 and its 200-day moving average price is $26.47. The company has a market cap of $9.67 billion and a price-to-earnings ratio of 10.22.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. During the same quarter in the prior year, the business earned $0.70 EPS. The company earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.56 billion. The business’s revenue for the quarter was down 21.7% compared to the same quarter last year. On average, analysts anticipate that Mosaic Co. will post $0.86 earnings per share for the current fiscal year.

In other news, CFO Richard L. Mack sold 36,629 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of €25.43 ($28.26), for a total value of €931,475.47 ($1,034,972.74). Following the completion of the transaction, the chief financial officer now owns 94,524 shares in the company, valued at approximately €2,403,745.32 ($2,670,828.13). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 ($28.58), for a total transaction of €507,095.52 ($563,439.47). Following the transaction, the vice president now owns 46,607 shares of the company’s stock, valued at €1,198,732.04 ($1,331,924.49). The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Sei Investments Co. increased its position in Mosaic by 35.2% in the fourth quarter. Sei Investments Co. now owns 52,491 shares of the company’s stock valued at $1,448,000 after buying an additional 13,667 shares during the period. Vanguard Group Inc. increased its position in Mosaic by 24.2% in the fourth quarter. Vanguard Group Inc. now owns 23,216,866 shares of the company’s stock valued at $640,554,000 after buying an additional 4,530,002 shares during the period. Mizuho Trust & Banking Co. Ltd. increased its position in Mosaic by 1.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 487,781 shares of the company’s stock valued at $13,829,000 after buying an additional 6,662 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 valued at $1,166,000 after buying an additional 789 shares during the period. Finally, Gulf International Bank UK Ltd increased its position in Mosaic by 0.5% in the fourth quarter. Gulf International Bank UK Ltd now owns 95,983 shares of the company’s stock valued at $2,648,000 after buying an additional 450 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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