The Vanguard Group, Inc. recently announced the acquisition of new stake in Mosaic Company (NYSE:MOS). The institutional investor has increased its shareholding in the Basic Materials company by 0.19% to 36.9 million shares with purchase of 70197.0 shares. This fresh investment now brings its stake to 11.29% valued currently at $1.32 billion. In addition, Geode Capital Management LLC raised its holdings by 0.2 million to 7.36 million shares. And Invesco Capital Management LLC has lifted its position by 4.02% or 0.23 million shares – to 5.94 million shares.
Currently, there are 339.07M common shares owned by the public and among those 324.68M shares have been available to trade.
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Insiders at the company have transacted a total of 67 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 48 of these insider trades were purchases, accounting for 1,920,194 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 865,322 shares.
The top 3 mutual fund holders in Mosaic Company are American Funds Fundamental Invest, Washington Mutual Investors Fund, and Vanguard Total Stock Market ETF. American Funds Fundamental Invest owns 16.39 million shares of the company’s stock, all valued at over $585.58 million. The company sold -0.96 million shares recently to bring their total holdings to about 5.01% of the shares outstanding. Vanguard Total Stock Market ETF sold -0.13 million shares to bring its total holdings to over 10.3 million shares at a value of $367.94 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.15% of the shares outstanding.
However, the script later moved the day high at 33.00, up 0.66%. The company’s stock has a 5-day price change of -0.49% and -9.04% over the past three months. MOS shares are trading -9.85% year to date (YTD), with the 12-month market performance down to -32.56% lower. It has a 12-month low price of $31.33 and touched a high of $57.16 over the same period. MOS has an average intraday trading volume of 4.06 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 -6.82%, -8.91%, and -13.17% respectively.
Institutional ownership of Mosaic Company (NYSE: MOS) shares accounts for 84.71% of the company’s 339.07M shares outstanding. Mutual fund holders own 30.49%, while other institutional holders and individual stakeholders account for 55.35% and 11.36% respectively.
It has a market capitalization of $10.53B and a beta (3y monthly) value of 1.51. The stock’s trailing 12-month PE ratio is 8.26, while the earnings-per-share (ttm) stands at $3.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.49% over the week and 2.55% over the month.
Analysts forecast that Mosaic Company (MOS) will achieve an EPS of $0.89 for the current quarter, $0.86 for the next quarter and $3.38 for 2024. The lowest estimate earnings-per-share for the quarter is $0.72 while analysts give the company a high EPS estimate of $1.12. Comparatively, EPS for the current quarter was $1.74 a year ago. Earnings per share for the fiscal year are expected to decrease by -66.44%, and -10.60% over the next financial year.
Looking at the support for the MOS, a number of firms have released research notes about the stock. Barclays stated their Overweight rating for the stock in a research note on November 14, 2023, with the firm’s price target at $40-$42.
