Wells Fargo & Company Issues Positive Forecast for Mosaic (NYSE:MOS) Stock Price

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

Several other equities analysts have also weighed in on MOS. Royal Bank of Canada raised their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 4th. Scotiabank raised their price target on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a report on Wednesday. Mizuho decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Piper Sandler raised their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $27.00 to $33.00 in a research note on Wednesday. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $32.64.

Mosaic Stock Performance

Shares of NYSE MOS opened at $27.95 on Wednesday. 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 has a one year low of $22.48 and a one year high of $33.44. The business’s 50-day moving average price is $26.41 and its two-hundred day moving average price is $26.16. The company has a market capitalization of $8.86 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Thursday, March 6th. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd bought a new position in shares of Mosaic during the 4th quarter worth about $33,000. Tobam bought a new stake in Mosaic in the fourth quarter valued at about $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic in the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC raised its position in Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.