Mosaic Co. (MOS) Shares Down 2.7%
Mosaic Co. (NYSE:MOS) traded down 2.7% during mid-day trading on Thursday . The company traded as low as $25.98 and last traded at $26.57, with a volume of 4,182,862 shares changing hands. The stock had previously closed at $27.30.
A number of research firms have weighed in on MOS. Citigroup Inc. lifted their target price on Mosaic from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 target price on shares of Mosaic in a report on Wednesday. JPMorgan Chase & Co. set a $24.00 target price on Mosaic and gave the company a “hold” rating in a report on Wednesday. Credit Suisse Group AG lowered Mosaic from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $26.26 to $21.00 in a report on Tuesday. Finally, Vetr lowered Mosaic from a “buy” rating to a “sell” rating and set a $24.50 price objective for the company. in a report on Wednesday, July 13th. Nine equities research analysts have rated the stock with a sell rating, thirteen 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 an average price target of €29.18 ($32.43).
The stock has a market capitalization of $9.54 billion and a price-to-earnings ratio of 17.18. The stock has a 50-day moving average price of $27.11 and a 200-day moving average price of $26.56.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. The firm earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.81 billion. The business’s revenue for the quarter was down 32.7% on a year-over-year basis. During the same period last year, the business posted $1.05 EPS. Analysts forecast that Mosaic Co. will post $0.64 EPS for the current year.
In other Mosaic news, VP Anthony T. Brausen sold 19,716 shares of Mosaic stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of €25.72 ($28.58), for a total transaction of €507,095.52 ($563,439.47). Following the completion of the sale, the vice president now directly owns 46,607 shares of the company’s stock, valued at approximately €1,198,732.04 ($1,331,924.49). The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard L. Mack sold 36,629 shares of Mosaic stock in a transaction on 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 sale, the chief financial officer now directly owns 94,524 shares of the company’s stock, valued at €2,403,745.32 ($2,670,828.13). The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the stock. Flippin Bruce & Porter Inc. raised its stake 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 during the period. Mutual of America Capital Management LLC raised its stake 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 during the period. Airain ltd purchased a new stake in shares of Mosaic during the fourth quarter worth $1,064,000. Trexquant Investment LP purchased a new stake in shares of Mosaic during the fourth quarter worth $1,090,000. Finally, Deere & Co. raised its stake 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 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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