Mosaic (NYSE:MOS) Shares Up 3.9% – Here’s Why

The Mosaic Company (NYSE:MOSGet Free Report)’s share price shot up 3.9% on Friday . The company traded as high as $35.87 and last traded at $35.93. 2,556,067 shares changed hands during trading, a decline of 47% from the average session volume of 4,788,819 shares. The stock had previously closed at $34.59.

Analyst Ratings Changes

A number of research firms have weighed in on MOS. BNP Paribas upgraded Mosaic to a “strong-buy” rating in a report on Wednesday, April 9th. Piper Sandler restated a “neutral” rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Scotiabank restated an “outperform” rating on shares of Mosaic in a report on Wednesday, May 14th. Barclays restated an “overweight” rating and set a $40.00 target price (up previously from $33.00) on shares of Mosaic in a report on Wednesday, May 14th. Finally, Royal Bank of Canada upgraded Mosaic from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $40.00 in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Moderate Buy” and a consensus target price of $34.58.

Read Our Latest Research Report on MOS

Mosaic Stock Performance

The firm has a fifty day moving average price of $31.76 and a 200 day moving average price of $28.03. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock has a market cap of $11.33 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Mosaic (NYSE:MOSGet Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.70 billion. Mosaic had a return on equity of 6.00% and a net margin of 3.24%. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Research analysts forecast that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.46%. Mosaic’s dividend payout ratio (DPR) is 75.86%.

Insider Buying and Selling

In related news, SVP Walter F. Precourt III sold 18,000 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the completion of the transaction, the senior vice president now owns 128,546 shares in the company, valued at $4,592,948.58. This trade represents a 12.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mosaic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in Mosaic by 4.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares during the period. Proficio Capital Partners LLC acquired a new stake in Mosaic during the 4th quarter worth about $1,054,000. Jones Financial Companies Lllp grew its position in Mosaic by 59.5% during the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock worth $189,000 after purchasing an additional 2,867 shares during the period. Asset Management One Co. Ltd. grew its position in Mosaic by 1.2% during the 4th quarter. Asset Management One Co. Ltd. now owns 122,893 shares of the basic materials company’s stock worth $2,933,000 after purchasing an additional 1,489 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Mosaic during the 4th quarter worth about $3,599,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

(Get Free Report)

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.

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