The Vanguard Group, Inc. has recently announced that it has increased stake in Mosaic Company (NYSE:MOS) by 0.19%. After grabbing 36.9 million shares, the institutional investor is now in possession of 70197.0 shares of the Basic Materials Company. The new investment brought the stake of investor firm to 11.11% having worth around $1.2 billion. Moreover, Geode Capital Management LLC increased its share by 0.2 million to have a control over 7.36 million shares. And Invesco Capital Management LLC raised its holdings to 0.23 million shares by acquiring 5.94 million shares or 1.79% of the stake.
Mosaic Company (MOS) concluded trading on 11/30/23 at a closing price of $35.89, with 8.43 million shares of worth about $302.55 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.18% during that period and on Thursday the price saw a loss of about -1.46%. Currently the company’s common shares owned by public are about 339.07M shares, out of which, 324.88M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 22 analysts are covering the MOS stock and their offered price forecasts bring an average price target of $40.56. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $54.00 and could fall to a lowest price of $31.00. The stock’s current price level is 11.49% above of average price target set by the analysts, while a rise to estimated low would result in loss of -15.77% for the stock. However, touching the estimated high of $54.00 would mean a gain of 33.54% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 67 times over the past 12 months. They bought 1,920,194 shares in 48 of the transactions. In 19 selling transactions, insiders dumped 865,322 shares.
American Funds Fundamental Invest, Washington Mutual Investors Fund, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Mosaic Company American Funds Fundamental Invest is currently holding 17.35 million shares of worth totaling $563.65 million. The company recently came selling -1.65 million shares which brought its stake up to 5.22% of the company’s outstanding shares. Washington Mutual Investors Fund sold 28865.0 shares, after which its hold over company’s outstanding shares shrunk to 3.20%, leaving 10.64 million shares with the mutual fund that have a worth of about $345.54 million. Vanguard Total Stock Market ETF, after buying 10.42 million shares, have now control over 3.13% of the stake in the company. It holds 44299.0 shares of worth $338.28 million.
Mosaic Company (NYSE: MOS) started trading at $36.47, above $0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 36.50, or with a loss of -1.46%. Stock saw a price change of -0.33% in past 5 days and over the past one month there was a price change of 10.50%. Year-to-date (YTD), MOS shares are showing a performance of -17.76% which decreased to -28.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $31.44 but also hit the highest price of $57.16 during that period. The average intraday trading volume for Mosaic Company shares is 3.73 million. The stock is currently trading 2.89% above its 20-day simple moving average (SMA20), while that difference is up 2.36% for SMA50 and it goes to -8.95% lower than SMA200.
The Vanguard Group, Inc. acquired 36.9 million shares of Mosaic Company having value of about $1.2 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 70197.0 shares in the company valued at close to $2519370.33, or have control over 0.19% stake in the company. Mosaic Company (NYSE: MOS) currently have 339.07M outstanding shares and institutions hold larger chunk of about 85.59% of that. Holding of mutual funds in the company is about 29.29% while other institutional holders and individual stake holders have control over 55.85% and 11.17% of the stake respectively.
The stock has a current market capitalization of $11.73B and its 3Y-monthly beta is at 1.56. PE ratio of stock for trailing 12 months is 9.21, while it has posted earnings per share of $3.90 in the same period. It has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.32. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MOS, volatility over the week remained 2.14% while standing at 3.11% over the month.
Analysts are in expectations that Mosaic Company (MOS) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $0.89 and it is $3.34 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.77 which is $1.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.74 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -65.94% while it is estimated to decrease by -11.17% in next year.
Analysts at 22 brokerage firms have issued recommendations for the Mosaic Company (MOS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.68. Out of those 22 Wall Street analysts, 4 recommended a “Buy” rating, while 16 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on November 14, 2023 offering an Overweight rating for the stock and assigned a target price range of between $40 and $42 to it.
