Mosaic (NYSE:MOS) Price Target Raised to $30.00

Mosaic (NYSE:MOS) had its price target lifted by Royal Bank of Canada from $28.00 to $30.00 in a research note released on Friday,Benzinga reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other brokerages have also recently commented on MOS. Morgan Stanley reduced their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Piper Sandler restated a “neutral” rating on shares of Mosaic in a research report on Thursday, March 27th. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Mizuho reduced their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd. Finally, Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a report on Thursday, March 20th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average price target of $32.83.

Mosaic Stock Performance

Shares of MOS opened at $23.48 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. The stock’s 50-day simple moving average is $26.39 and its 200 day simple moving average is $26.23.

Mosaic Dividend Announcement

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

Institutional Investors Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Pacer Advisors Inc. raised its position in Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after purchasing an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after buying an additional 150,186 shares during the period. OLD National Bancorp IN lifted its stake in shares of Mosaic by 33.8% in the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after acquiring an additional 73,653 shares during the last quarter. Swedbank AB lifted its stake in shares of Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after acquiring an additional 117,838 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Mosaic by 59.5% during the 4th quarter. Jones Financial Companies Lllp now owns 7,682 shares of the basic materials company’s stock valued at $189,000 after acquiring an additional 2,867 shares during the period. 77.54% of the stock is currently owned by institutional investors.

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.