Mosaic Co. (MOS) To Go Ex-Dividend on November 29th
Mosaic Co. (NYSE:MOS) announced a quarterly dividend on Thursday, October 13th. Shareholders of record on Thursday, December 1st will be given a dividend of 0.275 per share on Thursday, December 15th. This represents a $1.10 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Tuesday, November 29th.
Shares of Mosaic (NYSE:MOS) opened at 27.45 on Thursday. The firm’s 50-day moving average is $25.36 and its 200 day moving average is $26.47. The stock has a market capitalization of $9.61 billion, a P/E ratio of 21.87 and a beta of 1.25. Mosaic has a 1-year low of $22.02 and a 1-year high of $32.26.
Mosaic (NYSE:MOS) last announced its earnings results on Tuesday, November 1st. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.10 by $0.23. Mosaic had a net margin of 5.91% and a return on equity of 3.78%. The company earned $1.95 billion during the quarter, compared to analysts’ expectations of $1.92 billion. During the same period last year, the company posted $0.62 earnings per share. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, analysts expect that Mosaic will post $0.73 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of MOS. BlackRock Investment Management LLC increased its stake in Mosaic by 2.7% in the second quarter. BlackRock Investment Management LLC now owns 768,414 shares of the company’s stock worth $20,117,000 after buying an additional 20,109 shares in the last quarter. BlackRock Fund Advisors increased its stake in Mosaic by 6.7% in the second quarter. BlackRock Fund Advisors now owns 5,793,545 shares of the company’s stock worth $151,675,000 after buying an additional 362,519 shares in the last quarter. US Bancorp DE increased its stake in Mosaic by 0.5% in the second quarter. US Bancorp DE now owns 45,295 shares of the company’s stock worth $1,186,000 after buying an additional 234 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in Mosaic during the second quarter worth $271,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in Mosaic during the second quarter worth $246,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.
Several brokerages have commented on MOS. Credit Suisse Group AG reiterated a “sell” rating and issued a $21.00 target price on shares of Mosaic in a report on Wednesday, August 31st. JPMorgan Chase & Co. set a $24.00 target price on shares of Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Mosaic from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Tuesday, November 15th. Susquehanna cut shares of Mosaic from a “positive” rating to a “neutral” rating and decreased their target price for the stock from $30.00 to $28.00 in a report on Wednesday, August 17th. Finally, Citigroup Inc. raised their target price on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Nine research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.03.
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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