Mosaic (NYSE:MOS) Upgraded at Oppenheimer

Oppenheimer upgraded shares of Mosaic (NYSE:MOS) from a market perform rating to an outperform rating in a research report released on Thursday morning, Marketbeat.com reports. Oppenheimer currently has $33.00 price objective on the basic materials company’s stock.

A number of other brokerages have also issued reports on MOS. Wells Fargo & Company raised their price target on Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $33.00 in a research note on Wednesday. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Mizuho decreased their price target on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. Finally, Royal Bank of Canada raised their price target on Mosaic from $27.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 4th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $32.67.

Mosaic Price Performance

NYSE:MOS opened at $27.83 on Thursday. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. Mosaic has a 1 year low of $22.48 and a 1 year high of $33.44. The business has a 50 day simple moving average of $26.54 and a 200-day simple moving average of $26.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. GSA Capital Partners LLP purchased a new position in Mosaic during the 3rd quarter worth $244,000. Natixis Advisors LLC acquired a new stake in Mosaic during the 3rd quarter worth about $299,000. Thrivent Financial for Lutherans lifted its position in Mosaic by 8.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 190,195 shares of the basic materials company’s stock worth $5,093,000 after acquiring an additional 14,967 shares during the period. Banque Cantonale Vaudoise lifted its position in Mosaic by 67.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 79,014 shares of the basic materials company’s stock worth $2,117,000 after acquiring an additional 31,766 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Mosaic during the 3rd quarter worth about $218,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.