Mosaic Co. (MOS) Stock Price Down 2.4%
Mosaic Co. (NYSE:MOS)’s share price dropped 2.4% on Thursday . The company traded as low as $29.16 and last traded at $29.36, with a volume of 3,241,920 shares. The stock had previously closed at $30.07.
A number of research firms have commented on MOS. BMO Capital Markets restated a “hold” rating and issued a $23.00 price target on shares of Mosaic in a report on Wednesday, August 3rd. Piper Jaffray Cos. restated a “neutral” rating and issued a $24.00 price target (up from $22.00) on shares of Mosaic in a report on Friday, May 6th. Vetr cut shares of Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 price target for the company. in a report on Monday, May 23rd. HSBC cut shares of Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 price target for the company. in a report on Monday, May 23rd. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Mosaic in a report on Wednesday, July 13th. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of €29.08 ($32.67).
The firm has a market cap of $10.33 billion and a P/E ratio of 18.58. The stock’s 50 day moving average is $28.26 and its 200-day moving average is $27.20.
Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.81 billion. Mosaic’s quarterly revenue was down 32.7% compared to the same quarter last year. During the same period last year, the firm posted $1.05 EPS. On average, equities research analysts expect that Mosaic Co. will post $0.51 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Tuesday, September 6th will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.73%. The ex-dividend date is Tuesday, September 6th.
A hedge fund recently raised its stake in Mosaic stock. Ameriprise Financial Inc. raised its position in Mosaic Co. (NYSE:MOS) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,701,522 shares of the company’s stock after buying an additional 177,850 shares during the period. Ameriprise Financial Inc. owned 0.48% of Mosaic worth $46,944,000 as of its most recent SEC filing.
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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