Mosaic Co. (MOS) Shares Up 9%
Mosaic Co. (NYSE:MOS) shares shot up 9% on Tuesday . The stock traded as high as $30.96 and last traded at $30.46, with a volume of 15,204,563 shares. The stock had previously closed at $27.95.
Several research firms have recently weighed in on MOS. Credit Suisse Group AG reiterated a “sell” rating and set a $21.00 price target on shares of Mosaic in a research note on Wednesday. Vertical Research downgraded Mosaic from a “hold” rating to a “sell” rating in a research note on Wednesday. They noted that the move was a valuation call. Susquehanna downgraded Mosaic from a “positive” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $28.00 in a research note on Wednesday, August 17th. Citigroup Inc. increased their price target on Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $23.00 price target on shares of Mosaic in a research note on Wednesday, August 3rd. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €29.08 ($32.67).
The stock has a market cap of $10.53 billion and a P/E ratio of 18.95. The firm’s 50-day moving average price is $28.21 and its 200 day moving average price is $27.19.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the 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. During the same quarter in the previous year, the business earned $1.05 earnings per share. The company’s quarterly revenue was down 32.7% on a year-over-year basis. Equities analysts anticipate that Mosaic Co. will post $0.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Shareholders of record on Tuesday, September 6th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, September 6th. This represents a $1.10 annualized dividend and a yield of 3.66%.
A number of hedge funds recently made changes to their positions in MOS. Ameriprise Financial Inc. boosted 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 valued at $46,944,000 after buying an additional 177,850 shares during the period. Airain ltd bought a new stake in shares of Mosaic during the fourth quarter valued at about $1,064,000. Finally, Trexquant Investment LP bought a new stake in shares of 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.