Mosaic Co. (NYSE:MOS) dropped 2.6% during trading on Friday . The company traded as low as $27.38 and last traded at $27.38, with a volume of 2,878,393 shares. The stock had previously closed at $28.11.

MOS has been the subject of a number of recent research reports. Barclays PLC downgraded shares of Mosaic from an “equal weight” rating to an “underweight” rating and set a $22.00 price target for the company. in a report on Tuesday, April 19th. Credit Suisse Group AG reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, July 13th. Citigroup Inc. lowered their price target on shares of Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Morgan Stanley reiterated a “hold” rating on shares of Mosaic in a report on Thursday, June 16th. Finally, Vetr upgraded shares of Mosaic from a “buy” rating to a “strong-buy” rating and set a $29.16 price target for the company in a report on Monday, May 9th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of €29.18 ($32.43).

The firm’s 50 day moving average is $27.23 and its 200-day moving average is $26.70. The firm has a market capitalization of $9.52 billion and a PE ratio of 17.13.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company earned $1.70 billion during the quarter, compared to analyst estimates of $1.81 billion. The business’s quarterly revenue was down 32.7% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. Equities research analysts forecast that Mosaic Co. will post $0.48 EPS for the current year.

In related news, VP Anthony T. Brausen sold 19,716 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was 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 of the company’s stock, valued at approximately €1,198,732.04 ($1,331,924.49). The sale was disclosed in a document filed with the SEC, which is available at this link.

Several large investors have recently made changes to their positions in the stock. 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 valued at $16,278,000 after buying an additional 325,000 shares during the last quarter. Investment Management of Virginia LLC purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $2,278,000. Andra AP fonden boosted its stake in shares of Mosaic by 63.5% in the fourth quarter. Andra AP fonden now owns 105,100 shares of the company’s stock valued at $2,900,000 after buying an additional 40,800 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $1,090,000. Finally, Airain ltd purchased a new stake in shares of Mosaic during the fourth quarter valued at approximately $1,064,000.

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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