Mosaic Company (The) (NYSE:MOS)‘s stock had its “hold” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Wednesday, October 18th.
MOS has been the subject of several other reports. Piper Jaffray Companies set a $23.00 price objective on Mosaic Company (The) and gave the stock a “hold” rating in a research report on Friday, October 6th. Stifel Nicolaus restated a “hold” rating and issued a $24.00 target price (down from $27.00) on shares of Mosaic Company (The) in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Mosaic Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. BidaskClub downgraded Mosaic Company (The) from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $25.00 price objective (up previously from $23.00) on shares of Mosaic Company (The) in a research report on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $24.41.
Shares of Mosaic Company (NYSE MOS) traded down 1.04% during trading on Wednesday, hitting $20.94. The stock had a trading volume of 4,071,030 shares. The company’s 50 day moving average price is $21.10 and its 200 day moving average price is $22.60. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 49.86 and a beta of 1.29. Mosaic Company has a 12 month low of $19.23 and a 12 month high of $34.36.
Mosaic Company (The) (NYSE:MOS) last posted its earnings results on Tuesday, August 1st. The basic materials company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.04. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.75 billion. Mosaic Company (The) had a return on equity of 3.31% and a net margin of 2.07%. The business’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 earnings per share. Equities research analysts expect that Mosaic Company will post $0.71 earnings per share for the current fiscal year.
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In other news, Director Robert L. Lumpkins purchased 7,000 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of $19.94 per share, for a total transaction of $139,580.00. Following the completion of the acquisition, the director now directly owns 9,339 shares of the company’s stock, valued at $186,219.66. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.38% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOS. BlackRock Inc. lifted its stake in shares of Mosaic Company (The) by 2,930.1% in the first quarter. BlackRock Inc. now owns 24,977,023 shares of the basic materials company’s stock valued at $728,828,000 after buying an additional 24,152,726 shares during the period. FMR LLC raised its position in Mosaic Company (The) by 171.9% in the first quarter. FMR LLC now owns 5,108,486 shares of the basic materials company’s stock worth $149,066,000 after purchasing an additional 3,229,860 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in Mosaic Company (The) by 146.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the basic materials company’s stock worth $58,156,000 after purchasing an additional 1,511,638 shares in the last quarter. BlueMountain Capital Management LLC raised its position in Mosaic Company (The) by 105.6% in the second quarter. BlueMountain Capital Management LLC now owns 66,928 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 1,265,856 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Mosaic Company (The) in the second quarter worth about $27,850,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
About Mosaic Company (The)
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.
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