Mosaic Co. (MOS) Stock Price Up 3.6%
Mosaic Co. (NYSE:MOS)’s share price rose 3.6% during trading on Monday . The company traded as high as $28.38 and last traded at $28.26, with a volume of 3,239,141 shares. The stock had previously closed at $27.27.
MOS has been the subject of a number of recent research reports. Barclays PLC downgraded shares of Mosaic from an “equal weight” rating to an “underweight” rating and set a $22.00 price objective for the company. in a research note on Tuesday, April 19th. Credit Suisse Group AG reissued a “hold” rating on shares of Mosaic in a research note on Wednesday, July 13th. Cowen and Company downgraded shares of Mosaic from a “market perform” rating to an “underperform” rating and set a $23.00 price objective for the company. in a research note on Thursday, April 14th. Citigroup Inc. reduced their price objective on shares of Mosaic from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Finally, Morgan Stanley reissued a “hold” rating on shares of Mosaic in a research note on Thursday, June 16th. Nine equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €29.18 ($32.43).
The firm has a 50-day moving average price of $27.15 and a 200 day moving average price of $26.62. The stock has a market capitalization of $9.92 billion and a price-to-earnings ratio of 17.84.
Mosaic (NYSE:MOS) last announced its quarterly earnings data 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 quarter last year, the firm earned $1.05 EPS. The firm had revenue of $1.70 billion for 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. Analysts expect that Mosaic Co. will post $0.63 EPS for the current year.
In related news, VP Anthony T. Brausen sold 19,716 shares of the stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of €25.72 ($28.58), for a total value of €507,095.52 ($563,439.47). Following the transaction, the vice president now directly owns 46,607 shares of the company’s stock, valued at approximately €1,198,732.04 ($1,331,924.49). The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard L. Mack sold 36,629 shares of the stock in a transaction on Friday, May 13th. The shares were sold at an average price of €25.43 ($28.26), for a total transaction of €931,475.47 ($1,034,972.74). Following the completion of the transaction, the chief financial officer now directly owns 94,524 shares in the company, valued at €2,403,745.32 ($2,670,828.13). The disclosure for this sale can be found here.
Several hedge funds and institutional investors recently bought and sold shares of MOS. State of New Jersey Common Pension Fund D increased its position 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 period. State of Tennessee Treasury Department increased its position in Mosaic by 189.0% in the fourth quarter. State of Tennessee Treasury Department now owns 147,392 shares of the company’s stock worth $4,066,000 after buying an additional 96,392 shares during the period. Investment Management of Virginia LLC bought a new position in Mosaic during the fourth quarter worth approximately $2,278,000. Andra AP fonden increased its position in Mosaic by 63.5% in the fourth quarter. Andra AP fonden now owns 105,100 shares of the company’s stock worth $2,900,000 after buying an additional 40,800 shares during the period. Finally, Trexquant Investment LP bought a new position in Mosaic during the fourth quarter worth approximately $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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