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.
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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