Mosaic (MOS) Hits New 12-Month High at $36.77

Mosaic Co (NYSE:MOS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.77 and last traded at $36.61, with a volume of 278478 shares trading hands. The stock had previously closed at $36.60.

MOS has been the subject of several research analyst reports. Royal Bank of Canada set a $45.00 target price on shares of Mosaic and gave the company a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Mosaic from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Morgan Stanley lifted their target price on shares of Mosaic from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Thursday, October 18th. Barclays initiated coverage on shares of Mosaic in a research report on Tuesday, September 4th. They set an “equal weight” rating and a $34.00 target price for the company. Finally, ValuEngine upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $35.43.

The firm has a market capitalization of $14.11 billion, a price-to-earnings ratio of 33.61, a P/E/G ratio of 2.81 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.77 and a current ratio of 1.67.

Mosaic (NYSE:MOS) last announced its quarterly earnings data on Monday, November 5th. The basic materials company reported $0.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. The business’s quarterly revenue was up 47.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. As a group, equities analysts forecast that Mosaic Co will post 1.88 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Stockholders of record on Thursday, December 6th will be issued a $0.025 dividend. The ex-dividend date of this dividend is Wednesday, December 5th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.27%. 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 that occurred on Thursday, August 16th. The shares were bought at an average cost of $29.68 per share, with a total value of $59,360.00. Following the completion of the purchase, the director now directly owns 2,000 shares in the company, valued at $59,360. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.45% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of Mosaic by 123.2% in the second quarter. Whittier Trust Co. now owns 3,370 shares of the basic materials company’s stock worth $167,000 after buying an additional 1,860 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Mosaic in the second quarter worth $115,000. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Mosaic by 862.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 4,390 shares of the basic materials company’s stock worth $217,000 after buying an additional 3,934 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Mosaic by 12,038.5% in the second quarter. Rehmann Capital Advisory Group now owns 4,734 shares of the basic materials company’s stock worth $133,000 after buying an additional 4,695 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Mosaic in the second quarter worth $144,000. 74.86% of the stock is currently owned by institutional investors.

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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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