Mosaic Co (NYSE:MOS) saw a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 13,973,440 shares, a decrease of 22.4% from the November 15th total of 18,002,513 shares. Based on an average daily trading volume, of 4,304,498 shares, the days-to-cover ratio is currently 3.2 days. Currently, 4.0% of the shares of the company are short sold.
A number of hedge funds and other institutional investors have recently bought and sold shares of MOS. YorkBridge Wealth Partners LLC raised its stake in shares of Mosaic by 13,636.4% during the third quarter. YorkBridge Wealth Partners LLC now owns 6,044 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 6,000 shares during the period. Pacer Advisors Inc. raised its stake in shares of Mosaic by 8.7% during the second quarter. Pacer Advisors Inc. now owns 7,366 shares of the basic materials company’s stock valued at $168,000 after purchasing an additional 587 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Mosaic by 30.5% during the second quarter. Greenwood Capital Associates LLC now owns 9,445 shares of the basic materials company’s stock valued at $216,000 after purchasing an additional 2,210 shares during the period. Westover Capital Advisors LLC purchased a new stake in shares of Mosaic during the second quarter valued at approximately $218,000. Finally, Beach Investment Management LLC. purchased a new stake in shares of Mosaic during the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 76.93% of the company’s stock.
A number of equities analysts have commented on the stock. BMO Capital Markets upped their price objective on shares of Mosaic from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 1st. Royal Bank of Canada reiterated a “hold” rating on shares of Mosaic in a report on Wednesday, October 18th. Cleveland Research upgraded shares of Mosaic from a “neutral” rating to a “buy” rating in a report on Wednesday, November 1st. assumed coverage on shares of Mosaic in a report on Wednesday, October 11th. They issued a “buy” rating and a $24.80 price target for the company. Finally, Piper Jaffray Companies set a $23.00 price target on shares of Mosaic and gave the company a “hold” rating in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Mosaic has a consensus rating of “Hold” and a consensus target price of $24.07.
Mosaic (NYSE:MOS) last announced its quarterly earnings data on Tuesday, October 31st. The basic materials company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.18. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.93 billion. Mosaic had a net margin of 4.68% and a return on equity of 3.61%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 EPS. research analysts anticipate that Mosaic will post 1.01 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Thursday, March 1st will be issued a $0.025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.10 annualized dividend and a yield of 0.40%. Mosaic’s payout ratio is 10.42%.
ILLEGAL ACTIVITY NOTICE: “Short Interest in Mosaic Co (MOS) Declines By 22.4%” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/12/18/short-interest-in-mosaic-co-mos-declines-by-22-4.html.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
Receive News & Ratings for Mosaic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic and related companies with MarketBeat.com's FREE daily email newsletter.