Mosaic Co. (MOS) Stock Price Down 2.3%
Shares of Mosaic Co. (NYSE:MOS) were down 2.3% during trading on Wednesday . The stock traded as low as $25.73 and last traded at $25.87, with a volume of 2,172,338 shares changing hands. The stock had previously closed at $26.49.
Several analysts have recently commented on MOS shares. HSBC lowered Mosaic from a “hold” rating to a “reduce” rating and set a $22.00 price objective for the company. in a report on Monday, May 23rd. Vetr lowered Mosaic from a “strong-buy” rating to a “buy” rating and set a $27.72 price objective for the company. in a report on Monday, May 23rd. Morgan Stanley reiterated a “hold” rating on shares of Mosaic in a report on Thursday, June 16th. JPMorgan Chase & Co. set a $24.00 price objective on Mosaic and gave the company a “hold” rating in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus lowered Mosaic from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of €29.08 ($32.31).
The stock has a market cap of $9.05 billion, a P/E ratio of 16.28 and a beta of 1.59. The stock has a 50 day moving average of $28.10 and a 200-day moving average of $27.38.
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Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.06. Mosaic had a net margin of 7.37% and a return on equity of 4.87%. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the company posted $1.05 earnings per share. Mosaic’s quarterly revenue was down 32.7% on a year-over-year basis. On average, equities analysts anticipate that Mosaic Co. will post $0.51 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Stockholders of record on Tuesday, September 6th will be issued a $0.275 dividend. The ex-dividend date is Tuesday, September 6th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.26%. Mosaic’s payout ratio is 69.18%.
Several large investors have recently made changes to their positions in MOS. Legal & General Group Plc boosted its position in Mosaic by 8.3% in the first quarter. Legal & General Group Plc now owns 1,689,610 shares of the company’s stock valued at $45,631,000 after buying an additional 129,090 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Mosaic by 0.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 40,620 shares of the company’s stock valued at $1,121,000 after buying an additional 300 shares in the last quarter. Quantum Capital Management boosted its position in Mosaic by 138.0% in the first quarter. Quantum Capital Management now owns 20,043 shares of the company’s stock valued at $541,000 after buying an additional 11,622 shares in the last quarter. Exxonmobil Investment Management Inc. TX boosted its position in Mosaic by 14.2% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 85,829 shares of the company’s stock valued at $2,317,000 after buying an additional 10,666 shares in the last quarter. Finally, Robecosam AG boosted its position in Mosaic by 8.6% in the first quarter. Robecosam AG now owns 216,850 shares of the company’s stock valued at $6,098,000 after buying an additional 17,091 shares in the last quarter. 88.97% of the stock is owned by institutional investors and hedge funds.
Mosaic Company Profile
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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