Mosaic (NYSE:MOS) Price Target Raised to $28.00 at Wells Fargo & Company

Mosaic (NYSE:MOS) had its price target increased by Wells Fargo & Company from $26.00 to $28.00 in a research report released on Wednesday morning,Benzinga reports. The firm currently has an equal weight rating on the basic materials company’s stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $27.00 to $33.00 in a research report on Wednesday. The Goldman Sachs Group assumed coverage on Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 target price on the stock. CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $32.67.

Mosaic Price Performance

NYSE:MOS opened at $27.83 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $26.54 and a 200 day simple moving average of $26.17. Mosaic has a 1-year low of $22.48 and a 1-year high of $33.44. The stock has a market capitalization of $8.82 billion, a PE ratio of 24.63, a P/E/G ratio of 1.42 and a beta of 1.34.

Mosaic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Invesco Ltd. raised its holdings in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after buying an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after acquiring an additional 2,151,426 shares during the period. Geode Capital Management LLC raised its stake in shares of Mosaic by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after acquiring an additional 269,650 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Mosaic by 5.9% during the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company’s stock worth $127,119,000 after purchasing an additional 287,493 shares during the period. Finally, Two Sigma Advisers LP increased its holdings in Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company’s stock valued at $98,086,000 after purchasing an additional 711,300 shares during the period. Institutional investors own 77.54% of the company’s stock.

About Mosaic

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.