Short Interest in Mosaic Co. (MOS) Declines By 5.9%
Mosaic Co. (NYSE:MOS) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 43,221,625 shares, a decline of 5.9% from the October 14th total of 45,947,549 shares. Approximately 12.4% of the shares of the stock are sold short. Based on an average daily volume of 4,610,330 shares, the short-interest ratio is currently 9.4 days.
A number of institutional investors have recently modified their holdings of MOS. Kennedy Capital Management Inc. acquired a new position in shares of Mosaic during the first quarter worth approximately $2,771,000. National Pension Service boosted its position in shares of Mosaic by 4.4% in the first quarter. National Pension Service now owns 213,374 shares of the company’s stock worth $5,761,000 after buying an additional 9,067 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Mosaic by 8.3% in the first quarter. Legal & General Group Plc now owns 1,689,610 shares of the company’s stock worth $45,631,000 after buying an additional 129,090 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Mosaic by 3.9% in the first quarter. Envestnet Asset Management Inc. now owns 51,210 shares of the company’s stock worth $1,383,000 after buying an additional 1,915 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of Mosaic by 2.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 185,549 shares of the company’s stock worth $5,010,000 after buying an additional 4,819 shares during the last quarter. Institutional investors own 88.31% of the company’s stock.
MOS has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 26th. Credit Suisse Group AG restated a “sell” rating and set a $21.00 price objective on shares of Mosaic in a research report on Wednesday, August 31st. Vertical Research downgraded shares of Mosaic from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $24.00 price objective on shares of Mosaic and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. boosted their price objective on shares of Mosaic from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Nine equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.03.
Shares of Mosaic (NYSE:MOS) opened at 27.37 on Wednesday. The firm has a market cap of $9.59 billion, a price-to-earnings ratio of 21.81 and a beta of 1.25. Mosaic has a 12-month low of $22.02 and a 12-month high of $32.26. The company has a 50 day moving average of $25.28 and a 200-day moving average of $26.47.
Mosaic (NYSE:MOS) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.23. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.92 billion. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Analysts predict that Mosaic will post $0.74 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Tuesday, November 29th. Mosaic’s payout ratio is presently 88.00%.
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The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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