Mosaic (NYSE:MOS) Shares Up 1.4%

Mosaic Co (NYSE:MOS)’s stock price rose 1.4% during trading on Wednesday . The company traded as high as $21.50 and last traded at $21.68, approximately 481,950 shares traded hands during mid-day trading. A decline of 90% from the average daily volume of 4,627,254 shares. The stock had previously closed at $21.38.

A number of equities analysts recently issued reports on the company. Standpoint Research raised Mosaic from a “hold” rating to a “buy” rating in a report on Wednesday, June 5th. Cfra reiterated a “buy” rating and issued a $27.00 target price on shares of Mosaic in a research note on Monday. Citigroup upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $26.00 to $31.00 in a research report on Wednesday, July 31st. Cowen reduced their target price on shares of Mosaic from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Morgan Stanley lowered their target price on shares of Mosaic from $36.00 to $29.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $30.81.

The firm’s 50 day simple moving average is $20.97 and its 200-day simple moving average is $24.36. The company has a quick ratio of 0.60, a current ratio of 1.67 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $7.79 billion, a PE ratio of 10.31, a P/E/G ratio of 2.44 and a beta of 1.64.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.31 billion. Mosaic had a return on equity of 6.87% and a net margin of 2.70%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.40 EPS. As a group, sell-side analysts anticipate that Mosaic Co will post 1.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. Mosaic’s payout ratio is currently 9.43%.

In other news, Director Cheryl K. Beebe acquired 12,998 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were purchased at an average price of $19.21 per share, for a total transaction of $249,691.58. Following the acquisition, the director now directly owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.51% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in shares of Mosaic by 10.0% in the 4th quarter. Geode Capital Management LLC now owns 4,848,463 shares of the basic materials company’s stock worth $141,386,000 after purchasing an additional 440,727 shares during the last quarter. Dupont Capital Management Corp grew its position in shares of Mosaic by 64.6% in the 1st quarter. Dupont Capital Management Corp now owns 9,175 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 3,600 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Mosaic by 132.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 44,413 shares of the basic materials company’s stock worth $1,213,000 after acquiring an additional 25,323 shares in the last quarter. Candriam Luxembourg S.C.A. raised its position in shares of Mosaic by 18.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 28,929 shares of the basic materials company’s stock valued at $790,000 after acquiring an additional 4,445 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Mosaic by 1.4% during the first quarter. Gabelli Funds LLC now owns 105,500 shares of the basic materials company’s stock worth $2,881,000 after purchasing an additional 1,500 shares during the last quarter. 74.96% of the stock is currently owned by institutional investors and hedge funds.

About Mosaic (NYSE:MOS)

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. 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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