Mosaic (NYSE:MOS) Shares Down 5.6%

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Shares of Mosaic Co (NYSE:MOS) were down 5.6% on Friday . The company traded as low as $17.95 and last traded at $18.01, approximately 7,264,075 shares traded hands during mid-day trading. An increase of 57% from the average daily volume of 4,633,035 shares. The stock had previously closed at $19.07.

A number of analysts recently weighed in on MOS shares. Morgan Stanley dropped their price objective 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. Royal Bank of Canada dropped their price objective on shares of Mosaic from $35.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Citigroup raised shares of Mosaic from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $31.00 in a report on Wednesday, July 31st. Scotiabank raised shares of Mosaic from a “sector perform” rating to an “outperform” rating in a report on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of Mosaic from a “hold” rating to a “strong sell” rating in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Mosaic has an average rating of “Hold” and a consensus price target of $31.94.

The stock has a fifty day moving average of $22.79 and a 200-day moving average of $25.56. 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 firm has a market capitalization of $7.47 billion, a P/E ratio of 8.50, a PEG ratio of 2.38 and a beta of 1.56.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.18). Mosaic had a net margin of 2.70% and a return on equity of 6.87%. The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the firm earned $0.40 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts forecast that Mosaic Co will post 1.17 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.11%. Mosaic’s dividend payout ratio is 9.43%.

In other Mosaic news, Director Cheryl K. Beebe purchased 12,998 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $19.21 per share, with a total value of $249,691.58. Following the completion of the acquisition, the director now directly owns 23,704 shares of the company’s stock, valued at approximately $455,353.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.51% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC bought a new stake in Mosaic during the 2nd quarter worth about $32,000. Captrust Financial Advisors raised its holdings in Mosaic by 207.9% during the 2nd quarter. Captrust Financial Advisors now owns 1,404 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 948 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Mosaic by 169.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 1,596 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 1,003 shares during the last quarter. Meridian Wealth Management LLC bought a new stake in Mosaic during the 1st quarter worth about $41,000. Finally, Rational Advisors LLC raised its holdings in Mosaic by 2,825.9% during the 1st quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 1,526 shares during the last quarter. 72.87% of the stock is 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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