The Mosaic Company (NYSE:MOS) Receives $32.67 Consensus Target Price from Analysts

The Mosaic Company (NYSE:MOS) has earned a consensus rating of “Hold” from the twelve brokerages that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.83.

A number of equities research analysts have weighed in on the company. CIBC started coverage on Mosaic in a report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Piper Sandler reissued a “neutral” rating on shares of Mosaic in a research report on Thursday, March 27th. The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They set a “buy” rating and a $31.00 price target for the company. Barclays raised shares of Mosaic from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Finally, Wells Fargo & Company increased their target price on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th.

Mosaic Stock Down 9.6 %

Mosaic stock opened at $23.48 on Friday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.42 and a beta of 1.34. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44. The stock has a 50 day moving average of $26.39 and a two-hundred day moving average of $26.23.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. Mosaic’s dividend payout ratio is currently 160.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MOS. Glenmede Trust Co. NA lifted its holdings in shares of Mosaic by 23.1% in the third quarter. Glenmede Trust Co. NA now owns 10,271 shares of the basic materials company’s stock valued at $275,000 after purchasing an additional 1,929 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Mosaic by 8.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 13,463 shares of the basic materials company’s stock worth $361,000 after acquiring an additional 1,000 shares in the last quarter. Centiva Capital LP purchased a new position in Mosaic during the 3rd quarter valued at about $1,026,000. Holocene Advisors LP lifted its position in shares of Mosaic by 25.8% in the third quarter. Holocene Advisors LP now owns 176,444 shares of the basic materials company’s stock worth $4,725,000 after purchasing an additional 36,154 shares in the last quarter. Finally, Investment Management Corp of Ontario boosted its holdings in shares of Mosaic by 48.9% during the third quarter. Investment Management Corp of Ontario now owns 10,662 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,500 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Company Profile

The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.