It is trading at $22.34 just a bit higher than $21.20, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $22.46. The 50 day moving average went up by +5.36% and the 200 day average went down by -0.55%. 11,749K shares changed hands on Tuesday. Trading volume was up 214.34% over the stocks average daily volume.
Short traders are feeling a little more bullish on the company recently as evidenced by the downtick in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -1.24%. Short interest decreased from 21,476,759 to 21,209,582 over that period. With short interest at 21,209,582 and short average daily volume at 3,181,626, days to cover is 7.0 and the short interest percentage is 0.06% as of October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter Hudock Capital Group, LLC had bought 12 shares growing its stake by 0.7%. The value of the investment in (MOS) went from $41,000 to $39,000 decreasing 4.9% since the last quarter. As of quarter end Simplex Trading, LLC had disposed of a total of 28,113 shares trimming its position 27.5%. The value of the investment in Mosaic Company (The) decreased from $2,337,000 to $1,603,000 a change of 31.4% quarter over quarter.
Andra Ap-fonden added to its holdings by buying 43,700 shares an increase of 55.1% as of 09/30/2017. Andra Ap-fonden now controls 123,000 shares with a value of $2,656,000. The value of the position overall is up by 46.7%. As of quarter end Oslo Asset Management As had acquired 282,400 shares growing its holdings by 54.7%. The value in dollars increased from $11,781,000 to $17,238,000 a change of $5,457,000 for the reporting period.
On August 2 BMO Capital made no change to the company rating of “Market Perform” but moved down the price target to $25.00 from $32.00. August 7 investment analysts at Morgan Stanley held the stock rating at “Equal-Weight” and lowered the price target from $29.00 to $25.00.
On August 17, 2017 the stock rating was changed to “Hold” according to a Vertical Research report a boost from the previous “Sell” rating.
The company is now up by 7.15% since yesterday’s close of $22.34. Mosaic Company (The) also announced a dividend for shareholders that was paid on Thursday the 21st of September 2017. The dividend payment was $0.150 per share for the quarter which is $0.60 annualized. This dividend represents a yield of $2.88 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Wednesday the 6th of September 2017.
Mosaic Company (The) currently has a P/E ratio of 53.19 and market cap is 7.84B. In the latest earnings report the EPS was $0.42 and is projected to be $0.71 for the current year with 351,049,000 shares presently outstanding. Next quarter’s EPS is expected be $0.23 with next year’s EPS anticipated to be $0.99.
The Mosaic Company, launched on March 25, 2004, is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. Through its product offering, the Company is a single source supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. As of December 31, 2016, the Company served customers in approximately 40 countries..