The Mosaic Company (NYSE:MOS – Get Rating) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 10,810,000 shares, a decline of 16.3% from the May 15th total of 12,920,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,480,000 shares, the days-to-cover ratio is presently 1.1 days.
MOS has been the subject of several recent research reports. Citigroup lifted their price objective on Mosaic from $49.00 to $74.00 and gave the company a “neutral” rating in a report on Tuesday, March 22nd. Morgan Stanley lifted their price objective on Mosaic from $40.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, March 17th. Stifel Nicolaus lifted their price objective on Mosaic from $49.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, March 1st. BNP Paribas downgraded Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 price objective for the company. in a report on Wednesday, April 20th. Finally, The Goldman Sachs Group upgraded Mosaic from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Tuesday, March 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $66.44.
In other Mosaic news, Director Gregory L. Ebel bought 15,600 shares of the firm’s stock in a transaction dated Friday, May 6th. The stock was acquired at an average cost of $63.49 per share, for a total transaction of $990,444.00. Following the completion of the transaction, the director now owns 80,068 shares in the company, valued at $5,083,517.32. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Walter F. Precourt III sold 9,647 shares of Mosaic stock in a transaction on Monday, April 18th. The stock was sold at an average price of $78.00, for a total value of $752,466.00. Following the sale, the vice president now owns 75,000 shares of the company’s stock, valued at $5,850,000. The disclosure for this sale can be found here. Insiders have sold 99,039 shares of company stock valued at $7,169,395 over the last ninety days. 0.57% of the stock is owned by insiders.
Shares of MOS stock traded down $1.28 during trading hours on Friday, reaching $49.66. 240,110 shares of the company’s stock were exchanged, compared to its average volume of 8,035,790. The stock’s fifty day moving average price is $63.51 and its two-hundred day moving average price is $52.90. The stock has a market cap of $17.98 billion, a PE ratio of 7.16, a PEG ratio of 0.55 and a beta of 1.57. Mosaic has a 1 year low of $28.26 and a 1 year high of $79.28. The company has a current ratio of 1.23, a quick ratio of 0.57 and a debt-to-equity ratio of 0.29.
Mosaic (NYSE:MOS – Get Rating) last issued its earnings results on Monday, May 2nd. The basic materials company reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.40 by $0.01. Mosaic had a return on equity of 23.80% and a net margin of 18.99%. During the same period last year, the company earned $0.57 EPS. On average, equities analysts expect that Mosaic will post 13.9 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, June 1st. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Mosaic’s previous quarterly dividend of $0.11. Mosaic’s dividend payout ratio is currently 8.50%.
Mosaic announced that its Board of Directors has approved a share buyback plan on Tuesday, February 22nd that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the basic materials company to buy up to 6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Mosaic Company Profile (Get Rating)
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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