Shares of Mosaic Co (NYSE:MOS) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $29.95 and last traded at $29.50, with a volume of 188713 shares trading hands. The stock had previously closed at $29.81.

MOS has been the subject of several research reports. Bank of America lifted their price target on shares of Mosaic from $20.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, February 21st. Zacks Investment Research downgraded shares of Mosaic from a “buy” rating to a “hold” rating in a report on Wednesday, March 14th. BMO Capital Markets reaffirmed a “market perform” rating and set a $26.00 price objective (up from $24.00) on shares of Mosaic in a report on Wednesday, February 21st. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $26.76 to $30.00 in a report on Wednesday, February 21st. Finally, Royal Bank of Canada lifted their price objective on shares of Mosaic from $28.00 to $29.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $27.37.

The company has a market capitalization of $11.35 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 0.80.

Mosaic (NYSE:MOS) last released its earnings results on Monday, May 7th. The basic materials company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.08). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.85 billion. Mosaic had a positive return on equity of 4.44% and a negative net margin of 0.82%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 earnings per share. equities analysts expect that Mosaic Co will post 1.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 21st. Stockholders of record on Thursday, June 7th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Wednesday, June 6th. Mosaic’s payout ratio is 9.17%.

In other Mosaic news, Director Robert L. Lumpkins bought 4,655 shares of the stock in a transaction dated Wednesday, May 2nd. The shares were bought at an average cost of $27.14 per share, for a total transaction of $126,336.70. Following the purchase, the director now directly owns 13,994 shares of the company’s stock, valued at approximately $379,797.16. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marco Investment Management LLC raised its stake in Mosaic by 3.3% in the 4th quarter. Marco Investment Management LLC now owns 239,507 shares of the basic materials company’s stock valued at $6,146,000 after acquiring an additional 7,601 shares during the period. The Manufacturers Life Insurance Company raised its stake in Mosaic by 0.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 407,044 shares of the basic materials company’s stock valued at $10,444,000 after acquiring an additional 3,501 shares during the period. Bay Street Capital Partners LLC bought a new stake in Mosaic in the 4th quarter valued at about $1,796,000. Quad Capital Management Advisors LLC bought a new stake in Mosaic in the 4th quarter valued at about $770,000. Finally, Arizona State Retirement System raised its stake in Mosaic by 4.6% in the 4th quarter. Arizona State Retirement System now owns 220,923 shares of the basic materials company’s stock valued at $5,669,000 after acquiring an additional 9,692 shares during the period. Institutional investors own 72.34% of the company’s stock.

About Mosaic

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients worldwide. 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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