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In a recent regulatory disclosure, Mosaic Co (NYSE:MOS), a leading producer of phosphate and potash currently trading near its 52-week high of $32.29, revealed that its President and Chief Executive Officer, Bruce M. Bodine, has sold a total of 180,708 shares of the company’s common stock. The company’s stock has shown remarkable strength with a 29.58% return year-to-date, according to InvestingPro data. The transaction, which took place on Thursday, was part of a division of assets due to the dissolution of Mr. Bodine’s marriage.
The shares sold by Mr. Bodine were acquired before he ascended to the roles of President and CEO of Mosaic, and he retains a significant number of unvested equity awards in the company. This sale was reported in compliance with Regulation FD, which governs the fair disclosure of information by publicly traded companies. The company maintains a strong shareholder-friendly stance, having consistently paid dividends for 15 consecutive years, with a current yield of 2.79%.
The filing clarified that the information provided under Item 7.01 is not to be considered "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it to be deemed incorporated by reference into any future filings under the Securities Act of 1933 or the Securities Exchange Act, unless explicitly stated in those filings.
Mosaic Co, which has its executive offices in Tampa, Florida, operates under the jurisdiction of Delaware and is registered with the IRS under the identification number 20-1026454. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol MOS. With a market capitalization of $10.22 billion, Mosaic trades at a P/E ratio of 27.92x. For detailed analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US equities.
This disclosure is based on a statement from an 8-K filing with the Securities and Exchange Commission.
In other recent news, Mosaic Company reported its first-quarter 2025 earnings, which exceeded earnings per share (EPS) expectations but fell short of revenue forecasts. The company announced an EPS of $0.49, surpassing the forecast of $0.4622, while revenue came in at $2.62 billion, below the anticipated $2.71 billion. RBC Capital upgraded Mosaic’s stock rating from Sector Perform to Outperform, raising the price target from $30.00 to $40.00, reflecting confidence in the company’s operational initiatives and market dynamics. These initiatives include increasing phosphate production, reducing potash costs, and expanding distribution in Brazil, which are expected to enhance financial performance. The firm’s analysts also noted potential positive catalysts such as the anticipated monetization of non-core assets. Mosaic’s strategic moves in Brazil and its focus on operational efficiency have been highlighted as key factors in its performance. Despite production constraints due to weather, Mosaic maintained strong market access, particularly in Brazil, and capitalized on global fertilizer demand. The company’s phosphate and potash segments exceeded price guidance, contributing to its solid performance.
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