Mosaic’s (MOS) “Hold” Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their hold rating on shares of Mosaic Co (NYSE:MOS) in a report released on Friday morning. Stifel Nicolaus currently has a $27.00 target price on the basic materials company’s stock.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Mosaic from a hold rating to a buy rating and set a $33.00 price target on the stock in a research report on Tuesday, March 21st. Royal Bank Of Canada set a $26.00 price objective on Mosaic and gave the company a hold rating in a research note on Saturday, June 10th. BidaskClub upgraded Mosaic from a sell rating to a hold rating in a research note on Tuesday, June 27th. BMO Capital Markets reiterated a hold rating and set a $26.00 price objective on shares of Mosaic in a research note on Wednesday, April 5th. Finally, Atlantic Securities upgraded Mosaic from an underweight rating to a neutral rating and set a $26.00 price objective on the stock in a research note on Tuesday, May 9th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $25.71.

Mosaic (NYSE MOS) traded up 1.01% on Friday, reaching $23.96. The company’s stock had a trading volume of 2,768,497 shares. The firm has a 50 day moving average of $22.89 and a 200 day moving average of $27.88. Mosaic has a 12 month low of $21.78 and a 12 month high of $34.36. The firm has a market cap of $8.41 billion, a price-to-earnings ratio of 208.35 and a beta of 1.23.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.15. Mosaic had a negative net margin of 0.06% and a negative return on equity of 0.04%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the prior year, the company earned $0.14 EPS. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts anticipate that Mosaic will post $1.07 earnings per share for the current year.

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In other Mosaic news, CFO Richard L. Mack acquired 7,500 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was acquired at an average price of $23.35 per share, for a total transaction of $175,125.00. Following the acquisition, the chief financial officer now owns 136,101 shares in the company, valued at approximately $3,177,958.35. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nancy E. Cooper sold 1,100 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $23.39, for a total value of $25,729.00. Following the completion of the sale, the director now owns 8,260 shares of the company’s stock, valued at approximately $193,201.40. The disclosure for this sale can be found here. Corporate insiders own 0.38% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in MOS. BlackRock Inc. boosted its stake in Mosaic by 2,930.1% in the first quarter. BlackRock Inc. now owns 24,977,023 shares of the basic materials company’s stock valued at $728,828,000 after buying an additional 24,152,726 shares during the period. FMR LLC boosted its position in Mosaic by 171.9% in the first quarter. FMR LLC now owns 5,108,486 shares of the basic materials company’s stock worth $149,066,000 after buying an additional 3,229,860 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in Mosaic by 146.0% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the basic materials company’s stock worth $58,156,000 after buying an additional 1,511,638 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Mosaic during the first quarter worth approximately $36,300,000. Finally, Vanguard Group Inc. boosted its position in Mosaic by 3.6% in the first quarter. Vanguard Group Inc. now owns 35,460,881 shares of the basic materials company’s stock worth $1,034,747,000 after buying an additional 1,233,929 shares during the last quarter. Institutional investors and hedge funds own 81.61% of the company’s stock.

Mosaic Company Profile

The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.

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