Mosaic (MOS) Hits New 1-Year High at $32.71
Mosaic Co (NYSE:MOS) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $32.71 and last traded at $32.17, with a volume of 362127 shares trading hands. The stock had previously closed at $31.82.
A number of research analysts have recently issued reports on MOS shares. Zacks Investment Research raised Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Tuesday, July 24th. Bank of America raised Mosaic from an “underperform” rating to a “buy” rating and boosted their target price for the company from $24.00 to $35.00 in a report on Tuesday, July 24th. Royal Bank of Canada boosted their target price on Mosaic from $32.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. ValuEngine raised Mosaic from a “hold” rating to a “buy” rating in a report on Wednesday, September 12th. Finally, Barclays started coverage on Mosaic in a report on Tuesday, September 4th. They issued an “equal weight” rating and a $34.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have given a buy rating to the company. Mosaic has an average rating of “Hold” and an average price target of $31.49.
The company has a quick ratio of 0.77, a current ratio of 1.61 and a debt-to-equity ratio of 0.45. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 29.79, a P/E/G ratio of 2.61 and a beta of 1.55.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 20th. Shareholders of record on Thursday, September 6th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a $0.10 dividend on an annualized basis and a yield of 0.31%. Mosaic’s payout ratio is 9.17%.
In other news, Director Luciano Siani Pires bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, for a total transaction of $59,360.00. Following the completion of the transaction, the director now owns 2,000 shares in the company, valued at $59,360. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.45% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MOS. Quantitative Systematic Strategies LLC acquired a new position in shares of Mosaic in the first quarter worth $259,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Mosaic by 4.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,230,449 shares of the basic materials company’s stock worth $54,156,000 after acquiring an additional 98,789 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Mosaic by 12.9% in the first quarter. Aperio Group LLC now owns 172,537 shares of the basic materials company’s stock worth $4,189,000 after acquiring an additional 19,734 shares during the last quarter. Korea Investment CORP raised its holdings in shares of Mosaic by 46,887.5% in the first quarter. Korea Investment CORP now owns 138,613 shares of the basic materials company’s stock worth $3,366,000 after acquiring an additional 138,318 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in shares of Mosaic in the first quarter worth $508,000. Institutional investors own 74.59% of the company’s stock.
Mosaic Company Profile (NYSE:MOS)
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. The company operates through three segments: Phosphates, Potash, and International Distribution. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names.
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