The Mosaic Company (NYSE:MOS) Director Gregory L. Ebel Buys 15,600 Shares

The Mosaic Company (NYSE:MOSGet Rating) Director Gregory L. Ebel acquired 15,600 shares of the company’s stock in a transaction that occurred on Friday, May 6th. The shares were acquired at an average cost of $63.49 per share, for a total transaction of $990,444.00. Following the completion of the transaction, the director now directly owns 80,068 shares of the company’s stock, valued at $5,083,517.32. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE MOS traded down $8.19 during trading on Monday, hitting $55.86. 10,534,517 shares of the stock traded hands, compared to its average volume of 8,968,301. The company has a market capitalization of $20.57 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 0.72 and a beta of 1.56. The firm has a 50-day simple moving average of $65.84 and a 200-day simple moving average of $49.11. The company has a quick ratio of 0.54, a current ratio of 1.23 and a debt-to-equity ratio of 0.29. The Mosaic Company has a 12-month low of $28.26 and a 12-month high of $79.28.

Mosaic (NYSE:MOSGet Rating) last released its quarterly earnings results on Monday, May 2nd. The basic materials company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.01. Mosaic had a return on equity of 23.80% and a net margin of 18.99%. During the same quarter in the previous year, the firm posted $0.57 earnings per share. As a group, research analysts predict that The Mosaic Company will post 12.69 EPS for the current fiscal year.

Mosaic declared that its Board of Directors has approved a share buyback program on Tuesday, February 22nd that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the basic materials company to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Mosaic by 21.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 10,627 shares of the basic materials company’s stock worth $706,000 after purchasing an additional 1,885 shares during the period. Bank of Nova Scotia boosted its holdings in Mosaic by 15.5% during the 1st quarter. Bank of Nova Scotia now owns 1,508,009 shares of the basic materials company’s stock valued at $100,282,000 after acquiring an additional 202,085 shares during the period. Commerce Bank boosted its holdings in Mosaic by 1.5% during the 1st quarter. Commerce Bank now owns 47,012 shares of the basic materials company’s stock valued at $3,126,000 after acquiring an additional 686 shares during the period. Scotia Capital Inc. purchased a new position in Mosaic during the 1st quarter valued at $528,000. Finally, Swiss National Bank boosted its holdings in Mosaic by 13.9% during the 1st quarter. Swiss National Bank now owns 1,604,322 shares of the basic materials company’s stock valued at $106,687,000 after acquiring an additional 196,400 shares during the period. Hedge funds and other institutional investors own 82.54% of the company’s stock.

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Mosaic from $49.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday, March 22nd. Royal Bank of Canada raised their target price on Mosaic from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. BNP Paribas cut Mosaic from an “outperform” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research report on Wednesday, April 20th. The Goldman Sachs Group raised Mosaic from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Tuesday, March 15th. Finally, BMO Capital Markets raised Mosaic from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $50.00 in a research report on Friday, January 14th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.35.

About Mosaic (Get Rating)

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.

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