Mosaic (NYSE:MOS) Shares Gap Up to $23.28

Mosaic Co (NYSE:MOS)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $23.59, but opened at $23.28. Mosaic shares last traded at $24.00, with a volume of 484,933 shares traded.

Several equities research analysts recently commented on the stock. Bank of America upgraded shares of Mosaic from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Monday. Standpoint Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating in a research note on Wednesday, June 5th. Zacks Investment Research lowered shares of Mosaic from a “hold” rating to a “strong sell” rating in a research note on Monday, May 20th. Cowen reiterated an “outperform” rating and set a $33.00 price target (down from $42.00) on shares of Mosaic in a research note on Tuesday, May 14th. Finally, TheStreet lowered shares of Mosaic from a “b-” rating to a “c+” rating in a research note on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Mosaic currently has a consensus rating of “Hold” and a consensus price target of $33.43.

The company has a current ratio of 1.73, a quick ratio of 0.66 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $8.98 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 1.94 and a beta of 1.50.

Mosaic (NYSE:MOS) last issued its quarterly earnings data on Monday, May 6th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $0.20 EPS. Mosaic’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts anticipate that Mosaic Co will post 1.71 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.05 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.03. This represents a $0.20 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 9.43%.

In other news, Director Emery N. Koenig bought 2,089 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $23.95 per share, with a total value of $50,031.55. Following the completion of the acquisition, the director now directly owns 25,244 shares in the company, valued at $604,593.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James Calvin O’rourke bought 10,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was purchased at an average cost of $24.03 per share, for a total transaction of $240,300.00. Following the acquisition, the chief executive officer now owns 168,345 shares of the company’s stock, valued at $4,045,330.35. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,339 shares of company stock worth $414,182. Insiders own 0.51% of the company’s stock.

Several large investors have recently modified their holdings of MOS. Berman Capital Advisors LLC purchased a new stake in shares of Mosaic in the fourth quarter valued at about $39,000. Meridian Wealth Management LLC acquired a new stake in shares of Mosaic in the first quarter valued at about $41,000. Rational Advisors LLC lifted its stake in shares of Mosaic by 2,825.9% in the first quarter. Rational Advisors LLC now owns 1,580 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 1,526 shares during the period. Private Capital Group LLC lifted its stake in shares of Mosaic by 57.6% in the first quarter. Private Capital Group LLC now owns 1,896 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 693 shares during the period. Finally, CWM LLC lifted its stake in shares of Mosaic by 2,795.7% in the first quarter. CWM LLC now owns 2,027 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 1,957 shares during the period. 74.71% of the stock is currently owned by institutional investors and hedge funds.

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About Mosaic (NYSE:MOS)

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 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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