Stock Traders Purchase Large Volume of Put Options on Mosaic (MOS)
Shares of Mosaic (NYSE:MOS) saw unusually large options trading activity on Wednesday. Stock traders acquired 4,487 put options on the company, Analyst Ratings News reports. This is an increase of approximately 316% compared to the typical daily volume of 1,079 put options.
A number of research firms have recently commented on MOS. Analysts at Macquarie downgraded shares of Mosaic from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. They now have a $52.00 price target on the stock, down previously from $55.00. Separately, analysts at Barclays raised their price target on shares of Mosaic from $50.00 to $53.00 in a research note on Tuesday, May 13th. They now have an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Mosaic in a research note on Wednesday, May 7th. They now have a $54.00 price target on the stock, up previously from $52.00. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.47.
Shares of Mosaic (NYSE:MOS) traded down 0.16% on Wednesday, hitting $48.87. The stock had a trading volume of 2,461,773 shares. Mosaic has a one year low of $39.75 and a one year high of $61.58. The stock’s 50-day moving average is $49.31 and its 200-day moving average is $47.84. The company has a market cap of $18.749 billion and a P/E ratio of 49.90.
Mosaic (NYSE:MOS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.05. The company had revenue of $2.00 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the company posted $0.89 earnings per share. Mosaic’s revenue was down 14.1% compared to the same quarter last year. Analysts expect that Mosaic will post $2.68 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend is Tuesday, June 3rd.
The Mosaic Company (NYSE:MOS) is a producer and marketer of combined concentrated phosphate and potash crop nutrients.
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