Mosaic Co (NYSE:MOS) had its price objective cut by Royal Bank Of Canada from $26.00 to $25.00 in a research note issued to investors on Friday. They currently have a sector perform rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on the stock. Citigroup Inc. decreased their target price on shares of Mosaic from $27.00 to $26.00 and set a neutral rating for the company in a research note on Wednesday, July 12th. Zacks Investment Research raised shares of Mosaic from a strong sell rating to a hold rating in a research note on Wednesday, July 12th. BidaskClub raised shares of Mosaic from a sell rating to a hold rating in a research note on Tuesday, June 27th. Credit Suisse Group reaffirmed a sell rating and set a $19.00 target price on shares of Mosaic in a research note on Monday, May 15th. Finally, Atlantic Securities raised shares of Mosaic from an underweight rating to a neutral rating and set a $26.00 target price for the company in a research note on Tuesday, May 9th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $25.71.

Shares of Mosaic (NYSE MOS) traded up 1.01% during mid-day trading on Friday, reaching $23.96. The company had a trading volume of 2,768,497 shares. The firm has a 50-day moving average of $22.89 and a 200-day moving average of $27.88. The company has a market capitalization of $8.41 billion, a P/E ratio of 208.35 and a beta of 1.23. Mosaic has a 12-month low of $21.78 and a 12-month high of $34.36.

Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, May 2nd. The basic materials company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.15. Mosaic had a negative net margin of 0.06% and a negative return on equity of 0.04%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same period in the prior year, the business posted $0.14 EPS. Mosaic’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts anticipate that Mosaic will post $1.07 earnings per share for the current fiscal year.

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In other news, Director Nancy E. Cooper sold 1,100 shares of Mosaic stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $23.39, for a total transaction of $25,729.00. Following the transaction, the director now owns 8,260 shares in the company, valued at approximately $193,201.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Richard L. Mack purchased 7,500 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were acquired at an average price of $23.35 per share, for a total transaction of $175,125.00. Following the purchase, the chief financial officer now directly owns 136,101 shares in the company, valued at $3,177,958.35. The disclosure for this purchase can be found here. Insiders own 0.38% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in Mosaic by 73.3% in the fourth quarter. FMR LLC now owns 1,878,626 shares of the basic materials company’s stock worth $55,101,000 after buying an additional 794,368 shares during the period. Teachers Advisors LLC boosted its position in Mosaic by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 494,581 shares of the basic materials company’s stock worth $14,506,000 after buying an additional 30,286 shares during the period. Auxier Asset Management boosted its position in Mosaic by 8.6% in the fourth quarter. Auxier Asset Management now owns 84,431 shares of the basic materials company’s stock worth $2,476,000 after buying an additional 6,701 shares during the period. Global X Management Co. LLC boosted its position in Mosaic by 16.4% in the first quarter. Global X Management Co. LLC now owns 32,585 shares of the basic materials company’s stock worth $951,000 after buying an additional 4,580 shares during the period. Finally, Federated Investors Inc. PA boosted its position in Mosaic by 2,361.3% in the fourth quarter. Federated Investors Inc. PA now owns 9,279 shares of the basic materials company’s stock worth $272,000 after buying an additional 8,902 shares during the period. Institutional investors and hedge funds own 81.61% of the company’s stock.

About Mosaic

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

Analyst Recommendations for Mosaic (NYSE:MOS)

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