Mosaic Co. (MOS) Trading 2.1% Higher
Mosaic Co. (NYSE:MOS)’s share price traded up 2.1% on Tuesday . The company traded as high as $28.06 and last traded at $27.18, with a volume of 4,393,710 shares changing hands. The stock had previously closed at $26.63.
A number of equities analysts have recently weighed in on the company. Vertical Group downgraded Mosaic from a “buy” rating to a “hold” rating in a report on Saturday, April 23rd. Vertical Research cut Mosaic from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Royal Bank Of Canada lowered their price target on Mosaic from $30.00 to $29.00 and set an “outperform” rating for the company in a research note on Tuesday, April 26th. Vetr cut Mosaic from a “strong-buy” rating to a “hold” rating and set a $29.16 price target for the company. in a research note on Tuesday, April 19th. Finally, BMO Capital Markets reissued a “hold” rating on shares of Mosaic in a research note on Thursday, May 5th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of €29.71 ($33.01).
The stock has a market capitalization of $9.54 billion and a P/E ratio of 10.07. The firm’s 50 day moving average is $27.02 and its 200 day moving average is $26.54.
Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.09. During the same period in the previous year, the business earned $1.05 EPS. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. The business’s revenue for the quarter was down 32.7% on a year-over-year basis. Analysts anticipate that Mosaic Co. will post $0.86 EPS for the current year.
In other news, VP Anthony T. Brausen sold 19,716 shares of the firm’s stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of €25.72 ($28.58), for a total value of €507,095.52 ($563,439.47). Following the completion of the sale, the vice president now owns 46,607 shares in the company, valued at approximately €1,198,732.04 ($1,331,924.49). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of €931,475.47 ($1,034,972.74). Following the completion of the transaction, the chief financial officer now owns 94,524 shares of the company’s stock, valued at approximately €2,403,745.32 ($2,670,828.13). The disclosure for this sale can be found here.
Several institutional investors recently made changes to their positions in MOS. Flippin Bruce & Porter Inc. increased its position in shares of Mosaic by 11.3% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 36,752 shares of the company’s stock worth $1,014,000 after buying an additional 3,745 shares in the last quarter. Mutual of America Capital Management LLC increased its position in shares of 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. Airain ltd bought a new position in shares of Mosaic during the fourth quarter worth about $1,064,000. Trexquant Investment LP bought a new position in shares of Mosaic during the fourth quarter worth about $1,090,000. Finally, Deere & Co. increased its position in shares of 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 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.
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