BlackRock Fund Advisors 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 5.96% to 18.71 million shares with purchase of 1.05 million shares. This fresh investment now brings its stake to 5.64% valued currently at $762.81 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.75 million to 18.06 million shares. And Capital Research & Management Co has lifted its position by 0.28% or 17388.0 shares – to 6.15 million shares.
With over 3.31 million The Mosaic Company (MOS) shares trading Tuesday and a closing price of $37.36 on the day, the dollar volume was approximately $123.53 million. The shares have shown a negative half year performance of -21.06% and its price on 09/12/23 gained nearly 0.67%. Currently, there are 332.20M common shares owned by the public and among those 330.51M shares have been available to trade.
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Insiders at the company have transacted a total of 62 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 1,774,754 shares. Insider sales of the common stock occurred on 16 occasions, with total insider shares sold totaling 677,913 shares.
The top 3 mutual fund holders in The Mosaic Company are American Funds Fundamental Invest, Washington Mutual Investors Fund, and Vanguard Total Stock Market ETF. American Funds Fundamental Invest owns 19.0 million shares of the company’s stock, all valued at over $774.62 million. The company sold -1.55 million shares recently to bring their total holdings to about 5.72% of the shares outstanding. Vanguard Total Stock Market ETF sold 11128.0 shares to bring its total holdings to over 10.35 million shares at a value of $421.69 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.12% of the shares outstanding.
Shares of The Mosaic Company (NYSE: MOS) opened at $37.20, up $0.09 from a prior closing price of $37.11. However, the script later moved the day high at 37.94, up 0.67%. The company’s stock has a 5-day price change of -5.27% and 5.18% over the past three months. MOS shares are trading -14.39% year to date (YTD), with the 12-month market performance down to -33.22% lower. It has a 12-month low price of $31.44 and touched a high of $57.16 over the same period. MOS has an average intraday trading volume of 3.72 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 -3.68%, -3.45%, and -12.62% respectively.
Institutional ownership of The Mosaic Company (NYSE: MOS) shares accounts for 90.60% of the company’s 332.20M shares outstanding. Mutual fund holders own 29.38%, while other institutional holders and individual stakeholders account for 58.35% and 11.18% respectively.
It has a market capitalization of $12.09B and a beta (3y monthly) value of 1.53. The stock’s trailing 12-month PE ratio is 5.90, while the earnings-per-share (ttm) stands at $6.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.55% over the week and 2.66% over the month.
Analysts forecast that The Mosaic Company (MOS) will achieve an EPS of $0.8 for the current quarter, $0.95 for the next quarter and $3.39 for 2024. The lowest estimate earnings-per-share for the quarter is $0.5 while analysts give the company a high EPS estimate of $1.06. Comparatively, EPS for the current quarter was $3.22 a year ago. Earnings per share for the fiscal year are expected to increase by 135.50%, and -12.67% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate The Mosaic Company (MOS) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 15 of the 22 advise that investors “hold,” and 3 rated it as a “Sell.”
Looking at the support for the MOS, a number of firms have released research notes about the stock. Barclays stated their Underweight rating for the stock in a research note on August 14, 2023, with the firm’s price target at $40.
