Mosaic Co. Plans Quarterly Dividend of €0.28 (MOS)
Mosaic Co. (NYSE:MOS) declared a quarterly dividend on Thursday, October 13th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.275 per share on Thursday, December 15th. This represents a $1.10 dividend on an annualized basis and a yield of 4.73%.
Mosaic (NYSE:MOS) traded down 2.31% on Thursday, reaching $23.24. The company’s stock had a trading volume of 6,158,117 shares. Mosaic has a 1-year low of $22.02 and a 1-year high of $36.95. The company has a market capitalization of $8.14 billion, a price-to-earnings ratio of 14.64 and a beta of 1.38. The firm’s 50 day moving average price is $26.29 and its 200-day moving average price is $26.80.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Mosaic had a return on equity of 4.87% and a net margin of 7.37%. The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The firm’s quarterly revenue was down 32.7% compared to the same quarter last year. Equities analysts forecast that Mosaic will post $0.51 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of MOS. Veritable L.P. purchased a new stake in Mosaic during the second quarter valued at approximately $231,000. Nuveen Fund Advisors LLC purchased a new stake in Mosaic during the second quarter valued at approximately $240,000. Reliance Trust Co. of Delaware purchased a new stake in Mosaic during the second quarter valued at approximately $246,000. Wetherby Asset Management Inc. purchased a new stake in Mosaic during the second quarter valued at approximately $271,000. Finally, Virtu Financial LLC purchased a new stake in Mosaic during the second quarter valued at approximately $390,000. Institutional investors own 88.91% of the company’s stock.
Several brokerages recently weighed in on MOS. Credit Suisse Group AG restated a “sell” rating and set a $21.00 target price on shares of Mosaic in a research note on Wednesday, August 31st. Vertical Research cut Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. Susquehanna cut Mosaic from a “positive” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $28.00 in a research report on Wednesday, August 17th. Citigroup Inc. lifted their price target on Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 price target on shares of Mosaic in a research report on Wednesday, August 3rd. Ten research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of €28.75 ($31.94).
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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