The Vanguard Group, Inc. recently announced the acquisition of new stake in The Mosaic Company (NYSE:MOS). The institutional investor has increased its shareholding in the Basic Materials company by 4.88% to 39.44 million shares with purchase of 1.84 million shares. This fresh investment now brings its stake to 10.41% valued currently at $531.23 million. In addition, SSgA Funds Management, Inc. raised its holdings by 1.47 million to 21.12 million shares. And BlackRock Fund Advisors has lifted its position by 3.58% or 0.65 million shares – to 18.88 million shares.
With over 3.88 million The Mosaic Company (MOS) shares trading Tuesday and a closing price of $18.70 on the day, the dollar volume was approximately $72.54 million. The shares have shown a positive weekly performance of 1.96% and its price on 09/01/20 gained nearly 2.58%. Currently, there are 379.10M common shares owned by the public and among those 343.03M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for MOS have a consensus price objective of $20.13. The analysts have set the share’s price value over the next 12 months at a high of $32.00 and a low of $15.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Mosaic Company stock is 2.20 for the next 12 months. The average price target is 9.0% above its last price level and an upside to the estimated low will see the stock lose -24.67% over that period. But an upside of 41.56% will see the stock hit the forecast high price target while mean target price for the stock is $19.00.
Insiders at the company have transacted a total of 19 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 96,909 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 3,096 shares.
The top 3 mutual fund holders in The Mosaic Company are Vanguard Total Stock Market Index, Government Pension Fund – Global, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 10.79 million shares of the company’s stock, all valued at over $145.33 million. The company sold 70130.0 shares recently to bring their total holdings to about 2.85% of the shares outstanding. Government Pension Fund – Global bought 5.58 million shares to see its total holdings expand to 10.37 million shares valued at over $139.74 million and representing 2.74% of the shares outstanding. Vanguard 500 Index Fund sold 48962.0 shares to bring its total holdings to over 7.18 million shares at a value of $96.75 million. Vanguard 500 Index Fund now owns shares totaling to 1.90% of the shares outstanding.
Shares of The Mosaic Company (NYSE: MOS) opened at $18.16, down -$0.07 from a prior closing price of $18.23. However, the script later closed the day at $18.70, up 2.58%. The company’s stock has a 5-day price change of 1.96% and 36.30% over the past three months. MOS shares are trading -13.59% year to date (YTD), with the 12-month market performance up to 4.35% higher. It has a 12-month low price of $6.50 and touched a high of $23.18 over the same period. Currently, 3.88 million shares have been traded, compared to an average intraday trading volume of 4.38 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.61%, 25.69%, and 21.09% respectively.
Institutional ownership of The Mosaic Company (NYSE: MOS) shares accounts for 79.90% of the company’s 379.10M shares outstanding. Mutual fund holders own 40.97%, while other institutional holders and individual stakeholders account for 9.40% and 36.21% respectively.
It has a market capitalization of $6.91B and a beta (3y monthly) value of 1.93. The earnings-per-share (ttm) stands at -$2.96. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.27% over the week and 4.29% over the month.
Analysts forecast that The Mosaic Company (MOS) will achieve an EPS of $0.16 for the current quarter, $0.07 for the next quarter and $1 for 2021. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.3. Comparatively, EPS for the current quarter was $0.08 a year ago. Earnings per share for the fiscal year are expected to decrease by -328.60%, and 248.96% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to -24.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate The Mosaic Company (MOS) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 11 Wall Street analysts polled rate the stock as a buy, while 7 of the 20 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the MOS, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on July 15, 2020, with the firm’s price target at $13-$16. BofA/Merrill coverage for the The Mosaic Company (MOS) stock in a research note released on June 29, 2020 offered a Buy rating with a price target of $15. BofA Securities was of a view on June 29, 2020 that the stock is Buy, while BofA/Merrill gave the stock Underperform rating on May 11, 2020, issuing a price target of. BofA/Merrill on their part issued Buy rating on March 31, 2020.