Kelvin R. Westbrook Sells 12,666 Shares of The Mosaic Company (NYSE:MOS) Stock

The Mosaic Company (NYSE:MOS) Director Kelvin R. Westbrook sold 12,666 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $27.32, for a total value of $346,035.12. Following the completion of the transaction, the director now directly owns 34,359 shares in the company, valued at approximately $938,687.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Mosaic Stock Up 2.7 %

Shares of Mosaic stock traded up $0.75 on Tuesday, hitting $28.11. The company had a trading volume of 3,679,836 shares, compared to its average volume of 4,534,354. The firm has a market capitalization of $9.04 billion, a P/E ratio of 11.96, a P/E/G ratio of 1.59 and a beta of 1.41. The Mosaic Company has a twelve month low of $26.09 and a twelve month high of $40.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.16 and a quick ratio of 0.51. The stock has a 50-day moving average of $28.30 and a 200-day moving average of $30.05.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.90 billion. Mosaic had a net margin of 6.07% and a return on equity of 8.23%. The firm’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Research analysts predict that The Mosaic Company will post 2.59 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC acquired a new position in shares of Mosaic in the first quarter valued at approximately $1,776,000. Wellington Management Group LLP boosted its holdings in shares of Mosaic by 1,007.5% in the fourth quarter. Wellington Management Group LLP now owns 241,245 shares of the basic materials company’s stock valued at $8,620,000 after buying an additional 219,463 shares during the period. Manning & Napier Advisors LLC acquired a new position in Mosaic during the second quarter worth $3,610,000. Duality Advisers LP boosted its holdings in Mosaic by 523.0% during the first quarter. Duality Advisers LP now owns 216,388 shares of the basic materials company’s stock worth $7,024,000 after purchasing an additional 181,654 shares during the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in Mosaic during the fourth quarter worth $3,337,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Mosaic from $31.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday. Piper Sandler dropped their target price on Mosaic from $29.00 to $28.00 and set an “underweight” rating for the company in a research report on Tuesday, June 11th. Scotiabank dropped their price objective on Mosaic from $40.00 to $38.00 and set a “sector outperform” rating for the company in a report on Monday, May 6th. Barclays dropped their price objective on Mosaic from $42.00 to $39.00 and set an “overweight” rating for the company in a report on Monday, May 13th. Finally, UBS Group dropped their price objective on Mosaic from $33.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and a consensus target price of $35.92.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop 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 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, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.