Mosaic Co. (MOS) Trading Up 3.1%
Mosaic Co. (NYSE:MOS) shares were up 3.1% during mid-day trading on Tuesday . The company traded as high as $29.32 and last traded at $29.27, with a volume of 3,101,148 shares trading hands. The stock had previously closed at $28.39.
A number of research analysts have issued reports on MOS shares. Royal Bank Of Canada cut their target price on shares of Mosaic from $30.00 to $29.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 26th. Vetr upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $29.16 target price on the stock in a research report on Monday, May 2nd. BMO Capital Markets restated a “hold” rating on shares of Mosaic in a research report on Thursday, May 5th. Piper Jaffray Cos. restated a “neutral” rating and set a $24.00 target price (up from $22.00) on shares of Mosaic in a research report on Friday, May 6th. Finally, HSBC downgraded shares of Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 target price on the stock. in a research report on Monday, May 23rd. Nine equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €29.08 ($33.04).
The stock has a 50 day moving average price of $27.62 and a 200-day moving average price of $26.96. The firm has a market capitalization of $10.25 billion and a price-to-earnings ratio of 18.44.
Mosaic (NYSE:MOS) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.06. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.05 EPS. The firm’s revenue was down 32.7% on a year-over-year basis. Equities analysts anticipate that Mosaic Co. will post $0.47 earnings per share for the current year.
In other Mosaic news, VP Anthony T. Brausen sold 19,716 shares of Mosaic stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of €25.72 ($29.23), for a total value of €507,095.52 ($576,244.91). Following the transaction, the vice president now owns 46,607 shares in the company, valued at €1,198,732.04 ($1,362,195.50). The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Other hedge funds have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its stake in Mosaic by 2.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 38,293 shares of the company’s stock valued at $1,057,000 after buying an additional 1,093 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Mosaic during the fourth quarter valued at $1,824,000. Wells Fargo & Company MN boosted its stake in Mosaic by 0.7% in the fourth quarter. Wells Fargo & Company MN now owns 503,113 shares of the company’s stock valued at $13,880,000 after buying an additional 3,313 shares during the period. Flippin Bruce & Porter Inc. boosted its stake in Mosaic by 11.3% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 36,752 shares of the company’s stock valued at $1,014,000 after buying an additional 3,745 shares during the period. Finally, Airain ltd purchased a new stake in Mosaic during the fourth quarter valued at $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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