Traders Buy High Volume of Call Options on Mosaic (MOS)

Mosaic Co (NYSE:MOS) saw some unusual options trading activity on Thursday. Investors acquired 35,264 call options on the stock. This is an increase of approximately 3,071% compared to the average daily volume of 1,112 call options.

In related news, Director Emery N. Koenig bought 2,089 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The shares were bought at an average price of $23.95 per share, for a total transaction of $50,031.55. Following the completion of the acquisition, the director now owns 25,244 shares of the company’s stock, valued at approximately $604,593.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Clint Freeland bought 4,250 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was bought at an average price of $23.60 per share, for a total transaction of $100,300.00. Following the acquisition, the chief financial officer now directly owns 4,250 shares of the company’s stock, valued at approximately $100,300. The disclosure for this purchase can be found here. Insiders have purchased 17,339 shares of company stock valued at $414,182 in the last three months. 0.51% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Private Capital Group LLC raised its position in shares of Mosaic by 50.8% during the 4th quarter. Private Capital Group LLC now owns 1,203 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 405 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position in shares of Mosaic by 0.8% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 53,888 shares of the basic materials company’s stock valued at $1,472,000 after purchasing an additional 443 shares during the period. BMT Investment Advisors raised its position in shares of Mosaic by 0.9% during the 1st quarter. BMT Investment Advisors now owns 50,902 shares of the basic materials company’s stock valued at $1,390,000 after purchasing an additional 471 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Mosaic by 4.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 10,900 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 500 shares during the period. Finally, Tocqueville Asset Management L.P. raised its position in shares of Mosaic by 2.1% during the 1st quarter. Tocqueville Asset Management L.P. now owns 24,475 shares of the basic materials company’s stock valued at $668,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 78.88% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Cleveland Research cut shares of Mosaic from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, February 6th. Credit Suisse Group restated a “hold” rating and issued a $30.00 target price on shares of Mosaic in a report on Monday, February 4th. Barclays raised their target price on shares of Mosaic from $35.00 to $37.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 27th. Finally, Citigroup dropped their price target on shares of Mosaic from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $33.13.

Shares of Mosaic stock traded down $0.30 on Friday, hitting $22.86. 2,560,714 shares of the company’s stock were exchanged, compared to its average volume of 4,875,031. The stock has a market capitalization of $8.80 billion, a PE ratio of 10.78, a P/E/G ratio of 2.00 and a beta of 1.42. Mosaic has a 1 year low of $22.55 and a 1 year high of $37.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.73 and a quick ratio of 0.66.

Mosaic (NYSE:MOS) last issued its quarterly earnings results on Monday, May 6th. The basic materials company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Mosaic had a net margin of 5.85% and a return on equity of 7.88%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. As a group, research analysts anticipate that Mosaic will post 1.63 EPS for the current year.

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About Mosaic

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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