Mosaic Co. (MOS) Sees Strong Trading Volume
Mosaic Co. (NYSE:MOS) saw strong trading volume on Thursday . 4,846,252 shares were traded during trading, a decline of 15% from the previous session’s volume of 5,723,694 shares.The stock last traded at $28.45 and had previously closed at $27.41.
Several analysts have commented on the company. Vertical Group downgraded Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, April 23rd. Morgan Stanley downgraded Mosaic from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $42.00 to $29.00 in a research note on Wednesday, March 16th. Vertical Research downgraded Mosaic from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. Royal Bank Of Canada dropped their price target on Mosaic from $30.00 to $29.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 26th. Finally, Vetr downgraded Mosaic from a “strong-buy” rating to a “hold” rating and set a $29.16 price target on the stock. in a research note on Tuesday, April 19th. Eight research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. Mosaic has a consensus rating of “Hold” and an average target price of €29.71 ($32.65).
The company has a 50-day moving average of $26.45 and a 200-day moving average of $26.37. The company has a market capitalization of $9.86 billion and a P/E ratio of 10.41.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was down 21.7% on a year-over-year basis. Equities research analysts expect that Mosaic Co. will post $0.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, May 31st. This represents a $1.10 annualized dividend and a dividend yield of 3.90%.
In related 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 ($28.26), for a total transaction of €507,095.52 ($557,247.82). Following the completion of the transaction, the vice president now owns 46,607 shares in the company, valued at approximately €1,198,732.04 ($1,317,287.96). The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard L. Mack sold 36,629 shares of the company’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of €25.43 ($27.95), for a total transaction of €931,475.47 ($1,023,599.42). Following the transaction, the chief financial officer now owns 94,524 shares of the company’s stock, valued at approximately €2,403,745.32 ($2,641,478.37). The disclosure for this sale can be found here.
A number of hedge funds have added to or reduced their stakes in MOS. Vanguard Group Inc. increased its stake in Mosaic by 24.2% in the fourth quarter. Vanguard Group Inc. now owns 23,216,866 shares of the company’s stock worth $640,554,000 after buying an additional 4,530,002 shares during the last quarter. Boston Partners increased its stake in Mosaic by 117.8% in the fourth quarter. Boston Partners now owns 4,778,370 shares of the company’s stock worth $131,835,000 after buying an additional 2,584,197 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Mosaic by 420.2% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 482,936 shares of the company’s stock worth $13,324,000 after buying an additional 390,091 shares during the last quarter. State of New Jersey Common Pension Fund D increased its stake in 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 worth $16,278,000 after buying an additional 325,000 shares during the last quarter. Finally, Winton Capital Group Ltd increased its stake in Mosaic by 34.3% in the fourth quarter. Winton Capital Group Ltd now owns 1,257,419 shares of the company’s stock worth $34,692,000 after buying an additional 321,393 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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