Corrine D. Ricard sells 10,000 shares of The Mosaic Company (NYSE:MOS)


The Mosaic Company (NYSE: MOSGet a rating) SVP Corrine D. Ricard sold 10,000 shares of the company in a transaction on Thursday, April 14. The stock was sold at an average price of $77.00, for a total value of $770,000.00. Following the transaction, the senior vice president now directly owns 55,501 shares of the company, valued at $4,273,577. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink.

Stock MOS opened at $76.05 on Friday. The stock’s 50-day simple moving average is $59.40 and its 200-day simple moving average is $46.12. The Mosaic Company has a fifty-two week low of $28.26 and a fifty-two week high of $77.05. The company has a debt ratio of 0.31, a quick ratio of 0.54 and a current ratio of 1.11. The company has a market capitalization of $28.01 billion, a P/E ratio of 17.77, a price-to-earnings growth ratio of 0.89 and a beta of 1.62.

Mosaic (NYSE: MOSGet a rating) last released its quarterly results on Tuesday, February 22. The basic materials company reported earnings per share of $1.95 for the quarter, missing consensus analyst estimates of $1.98 per ($0.03). The company posted revenue of $3.84 billion for the quarter, versus analyst estimates of $3.93 billion. Mosaic had a return on equity of 18.45% and a net margin of 13.19%. The company’s quarterly revenue increased by 56.3% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.57. Stock analysts predict The Mosaic Company will post earnings per share of 12.27 for the current year.

Mosaic announced that its board of directors approved a stock repurchase program on Tuesday, February 22 that allows the company to repurchase $1.00 billion in stock. This repurchase authorization authorizes the basic materials company to repurchase up to 6% of its shares through purchases on the open market. Stock buyback programs are often a sign that a company’s board of directors believes its stock is undervalued.

Several research analysts have weighed in on the company recently. Morgan Stanley raised its price target on Mosaic from $40.00 to $60.00 and gave the stock an “equal weight” rating in a Thursday, March 17 research report. Mizuho raised its price target on Mosaic from $55.00 to $59.00 and gave the company a “buy” rating in a Tuesday, February 15 research note. Berenberg Bank downgraded Mosaic from a “buy” rating to a “hold” rating and set a price target of $50.00 for the stock. in a research note on Thursday, February 24. HSBC downgraded Mosaic from a “buy” rating to a “hold” rating and raised its price target for the company from $50.00 to $57.00 in a Monday, March 7 research note. To finish, StockNews.com began covering Mosaic in a research note on Thursday, March 31. They issued a “buy” rating on the stock. One financial analyst gave the stock a sell rating, seven gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.31.

A number of institutional investors and hedge funds have recently changed their holdings in the company. Ritholtz Wealth Management acquired a new stake in Mosaic during the 1st quarter for a value of approximately $342,000. Boenning & Scattergood Inc. increased its stake in Mosaic by 2.3% in the 1st quarter. Boenning & Scattergood Inc. now owns 15,006 shares of the basic materials company worth $998,000 after buying 336 more shares last quarter. Aurora Private Wealth Inc. acquired a new stake in Mosaic during Q1 valued at approximately $310,000. First Command Bank bought a new stake in Mosaic during the 1st quarter for a value of approximately $36,000. Finally, RBA Wealth Management LLC acquired a new stake in Mosaic during the 1st quarter for a value of approximately $218,000. 73.75% of the shares are held by hedge funds and other institutional investors.

About Mosaic (Get a rating)

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash nutrients in North America and internationally. The Company operates through three segments: Phosphates, Potash and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate nutrients, such as diammonium phosphate, monoammonium phosphate and ammonium phosphate products; and phosphate-based feed ingredients primarily under the Biofos and Nexfos brands, as well as a dual sulfate of potash and magnesia product under the K-Mag brand.

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