Mosaic (NYSE:MOS) SVP Walter Precourt III Sells 23,000 Shares of Stock

The Mosaic Company (NYSE:MOS – Get Free Report) SVP Walter Precourt III sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $22.12, for a total transaction of $508,760.00. Following the sale, the senior vice president owned 116,198 shares in the company, valued at $2,570,299.76. This represents a 16.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mosaic Trading Up 5.1%

Mosaic stock traded up $1.18 during midday trading on Friday, reaching $24.53. The stock had a trading volume of 13,524,044 shares, compared to its average volume of 8,862,441. The firm’s fifty day simple moving average is $22.17 and its two-hundred day simple moving average is $24.26. The Mosaic Company has a twelve month low of $19.80 and a twelve month high of $36.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.34 and a quick ratio of 0.43. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of -12.14, a PEG ratio of 4.02 and a beta of 0.82.

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Mosaic (NYSE:MOS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $3.10 billion. Mosaic had a negative net margin of 5.21% and a positive return on equity of 3.77%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts anticipate that The Mosaic Company will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MOS. Royal Bank Of Canada raised Mosaic from a “sector perform” rating to an “outperform” rating and dropped their price target for the company from $28.00 to $27.00 in a research report on Wednesday, May 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Mosaic in a research note on Friday, August 7th. Morgan Stanley dropped their target price on Mosaic from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 30th. JPMorgan Chase & Co. dropped their target price on Mosaic from $24.00 to $19.00 and set an “underweight” rating on the stock in a report on Tuesday, May 12th. Finally, BNP Paribas Exane reduced their price target on shares of Mosaic from $29.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $27.17.

Check Out Our Latest Stock Analysis on MOS

Hedge Funds Weigh In On Mosaic

A number of hedge funds have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Mosaic by 35.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,978,232 shares of the basic materials company’s stock worth $71,746,000 after buying an additional 785,057 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Mosaic by 22.2% in the first quarter. California State Teachers Retirement System now owns 366,466 shares of the basic materials company’s stock worth $9,345,000 after acquiring an additional 66,608 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Mosaic by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 39,123,171 shares of the basic materials company’s stock worth $942,477,000 after acquiring an additional 461,524 shares during the last quarter. Bank of America Corp DE increased its position in Mosaic by 7.4% during the first quarter. Bank of America Corp DE now owns 2,486,973 shares of the basic materials company’s stock worth $63,418,000 after acquiring an additional 170,724 shares during the period. Finally, Tejara Capital Ltd bought a new position in Mosaic during the second quarter worth $1,301,000. 77.54% of the stock is owned by institutional investors and hedge funds.

Mosaic Company Profile

(Get Free Report)

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.

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