Mosaic Co. (MOS) Stock Price Down 3.5%
Shares of Mosaic Co. (NYSE:MOS) fell 3.5% during mid-day trading on Friday . The company traded as low as $27.47 and last traded at $27.50, with a volume of 3,541,859 shares trading hands. The stock had previously closed at $28.50.
A number of brokerages have recently issued reports on MOS. Vetr downgraded shares of Mosaic from a “buy” rating to a “sell” rating and set a $24.50 price target on the stock. in a report on Wednesday, July 13th. JPMorgan Chase & Co. set a $24.00 price objective on shares of Mosaic and gave the stock a “hold” rating in a research note on Wednesday, August 3rd. Stifel Nicolaus cut shares of Mosaic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Credit Suisse Group AG cut shares of Mosaic from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $26.26 to $21.00 in a research note on Tuesday, August 2nd. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Mosaic in a research note on Thursday, May 5th. Nine analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the stock. Mosaic presently has a consensus rating of “Hold” and an average price target of €29.08 ($33.04).
The company has a 50-day moving average of $27.91 and a 200-day moving average of $27.04. The stock has a market capitalization of $9.67 billion and a P/E ratio of 17.39.
Mosaic (NYSE:MOS) last released its quarterly earnings data 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 business earned $1.70 billion during the quarter, compared to analyst estimates of $1.81 billion. The company’s quarterly revenue was down 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. On average, equities research analysts anticipate that Mosaic Co. will post $0.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Tuesday, September 6th.
In other news, VP Anthony T. Brausen sold 19,716 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 46,607 shares of the company’s stock, valued at approximately €1,198,732.04 ($1,362,195.50). The sale was disclosed in a filing with the SEC, which is available at this link.
Several hedge funds and institutional investors have made changes to their positions in MOS. Ameriprise Financial Inc. increased its position in shares of Mosaic by 11.7% in the fourth quarter. Ameriprise Financial Inc. now owns 1,701,522 shares of the company’s stock valued at $46,944,000 after buying an additional 177,850 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Mosaic during the fourth quarter valued at $1,824,000. Airain ltd acquired a new position in shares of Mosaic during the fourth quarter valued at $1,064,000. Trexquant Investment LP acquired a new position in shares of Mosaic during the fourth quarter valued at $1,090,000. Finally, Wells Fargo & Company MN increased 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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