Shares of Mosaic Co. (NYSE:MOS) dropped 3.5% on Friday . The company traded as low as $27.47 and last traded at $27.50, with a volume of 3,541,859 shares traded. The stock had previously closed at $28.50.

MOS has been the subject of a number of recent research reports. Vetr upgraded Mosaic from a “buy” rating to a “strong-buy” rating and set a $29.16 target price for the company in a research report on Monday, May 9th. HSBC downgraded Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 target price for the company. in a research report on Monday, May 23rd. Morgan Stanley restated a “hold” rating on shares of Mosaic in a research report on Thursday, June 16th. JPMorgan Chase & Co. set a $24.00 price objective on Mosaic and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Stifel Nicolaus downgraded Mosaic from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st. Nine equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company. Mosaic has a consensus rating of “Hold” and an average price target of €29.08 ($33.04).

The stock’s 50-day moving average price is $27.91 and its 200 day moving average price is $27.04. The firm has a market cap of $9.67 billion and a PE ratio of 17.39.

Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share 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 the consensus estimate of $1.81 billion. Mosaic’s quarterly revenue was down 32.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 EPS. On average, analysts predict that Mosaic Co. will post $0.51 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Tuesday, September 6th.

In other Mosaic news, VP Anthony T. Brausen sold 19,716 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of €25.72 ($29.23), for a total transaction of €507,095.52 ($576,244.91). Following the transaction, the vice president now owns 46,607 shares of the company’s stock, valued at €1,198,732.04 ($1,362,195.50). The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Several institutional investors have recently modified their holdings of MOS. Mutual of America Capital Management LLC raised 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 valued at $1,057,000 after buying an additional 1,093 shares during the last quarter. Airain ltd purchased a new position in shares of Mosaic during the fourth quarter valued at about $1,064,000. Trexquant Investment LP purchased a new position in shares of Mosaic during the fourth quarter valued at about $1,090,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Mosaic during the fourth quarter valued at about $1,824,000. Finally, Wells Fargo & Company MN raised its position in shares of 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 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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