Mosaic Co. (MOS) Trading Up 9%
Shares of Mosaic Co. (NYSE:MOS) were up 9% during trading on Tuesday . The stock traded as high as $30.96 and last traded at $30.46, with a volume of 15,204,563 shares traded. The stock had previously closed at $27.95.
Several analysts have recently commented on MOS shares. Vetr cut shares of Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 target price for the company. in a research note on Monday, May 23rd. BMO Capital Markets restated a “hold” rating on shares of Mosaic in a research note on Thursday, May 5th. Stifel Nicolaus cut shares of Mosaic from a “buy” rating to a “hold” rating in a research note on Tuesday, May 31st. Morgan Stanley restated a “hold” rating on shares of Mosaic in a research note on Thursday, June 16th. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, July 13th. Nine equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the stock. Mosaic has an average rating of “Hold” and a consensus price target of €29.08 ($32.67).
The firm has a market cap of $10.66 billion and a PE ratio of 19.19. The firm’s 50-day moving average price is $27.98 and its 200 day moving average price is $27.11.
Mosaic (NYSE:MOS) last issued 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. During the same period last year, the firm earned $1.05 earnings per share. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. The company’s revenue was down 32.7% compared to the same quarter last year. Equities 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 issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Tuesday, September 6th.
In other Mosaic news, VP Anthony T. Brausen sold 19,716 shares of the company’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of €25.72 ($28.90), for a total value of €507,095.52 ($569,770.25). 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 ($1,346,889.93). The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
A number of large investors have modified their holdings of MOS. Ameriprise Financial Inc. increased its stake 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 worth $46,944,000 after buying an additional 177,850 shares during the last quarter. Wells Fargo & Company MN increased 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 last quarter. Airain ltd bought a new stake in Mosaic during the fourth quarter valued at about $1,064,000. Finally, Trexquant Investment LP bought a new stake in Mosaic during the fourth quarter valued at about $1,090,000.
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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