Shares of Mosaic Co (NYSE:MOS) reached a new 52-week high on Thursday . The company traded as high as $36.77 and last traded at $36.61, with a volume of 278478 shares traded. The stock had previously closed at $36.60.
A number of research firms have recently weighed in on MOS. Royal Bank of Canada set a $45.00 target price on shares of Mosaic and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group set a $30.00 target price on shares of Mosaic and gave the stock a “sell” rating in a research report on Wednesday. Stephens set a $45.00 target price on shares of Mosaic and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Tuesday, October 23rd. Finally, Morgan Stanley upped their target price on shares of Mosaic from $33.00 to $36.00 and gave the stock a “hold” rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company. Mosaic has a consensus rating of “Buy” and an average target price of $35.43.
The company has a market capitalization of $14.11 billion, a PE ratio of 33.61, a PEG 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 results on Monday, November 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.11. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Mosaic had a negative net margin of 0.80% and a positive return on equity of 6.17%. Mosaic’s revenue was up 47.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. On average, equities analysts expect that Mosaic Co will post 1.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 20th. Investors of record on Thursday, December 6th will be paid a $0.025 dividend. This represents a $0.10 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Wednesday, December 5th. Mosaic’s payout ratio is 9.17%.
In other news, Director Luciano Siani Pires purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were bought at an average price of $29.68 per share, for a total transaction of $59,360.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at approximately $59,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.45% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its stake in Mosaic by 4.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,334,992 shares of the basic materials company’s stock worth $65,497,000 after purchasing an additional 104,543 shares in the last quarter. BRYN MAWR TRUST Co lifted its stake in Mosaic by 16.9% during the 2nd quarter. BRYN MAWR TRUST Co now owns 271,689 shares of the basic materials company’s stock valued at $7,621,000 after acquiring an additional 39,361 shares during the period. Cape Cod Five Cents Savings Bank bought a new position in Mosaic during the 3rd quarter valued at about $211,000. Gideon Capital Advisors Inc. bought a new position in Mosaic during the 2nd quarter valued at about $234,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Mosaic by 21.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,143,463 shares of the basic materials company’s stock valued at $32,074,000 after acquiring an additional 200,899 shares during the period. Institutional investors own 74.86% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Mosaic (MOS) Hits New 12-Month High at $36.77” was published by Transcript Daily and is owned by of Transcript Daily. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://transcriptdaily.com/2018/11/10/mosaic-mos-hits-new-12-month-high-at-36-77.html.
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.
Read More: What is Cost of Debt?
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.