Mosaic (NYSE:MOS) Price Target Raised to $28.00

Mosaic (NYSE:MOS) had its price objective raised by Royal Bank of Canada from $27.00 to $28.00 in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. They currently have a sector perform rating on the basic materials company’s stock.

Several other analysts also recently weighed in on MOS. Oppenheimer started coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upgraded shares of Mosaic from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $29.00 in a research note on Monday. Wells Fargo & Company reduced their price objective on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday. Scotiabank reduced their price objective on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, 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. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Mosaic presently has a consensus rating of “Hold” and a consensus price target of $31.70.

Mosaic Stock Up 2.7 %

Shares of NYSE:MOS opened at $24.79 on Tuesday. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.42 and a beta of 1.34. The firm’s 50-day simple moving average is $26.20 and its 200-day simple moving average is $26.33. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a fifty-two week low of $22.48 and a fifty-two week high of $33.44.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is 160.00%.

Institutional Trading of Mosaic

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. lifted its stake in shares of Mosaic by 49.0% during the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock valued at $1,814,000 after buying an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock valued at $86,189,000 after buying an additional 986,812 shares during the period. Swedbank AB lifted its stake in shares of Mosaic by 2.3% during the third quarter. Swedbank AB now owns 1,269,494 shares of the basic materials company’s stock valued at $33,997,000 after buying an additional 28,816 shares during the period. OLD National Bancorp IN lifted its stake in shares of Mosaic by 33.8% during the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock valued at $7,168,000 after buying an additional 73,653 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Mosaic during the third quarter valued at approximately $1,251,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.