Mosaic (NYSE:MOS) Price Target Cut to $28.00 by Analysts at Mizuho

Mosaic (NYSE:MOS - Free Report) had its price target lowered by Mizuho from $29.00 to $28.00 in a research note released on Monday,Benzinga reports. The firm currently has a neutral rating on the basic materials company's stock.

A number of other equities analysts have also commented on MOS. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They issued a "market perform" rating for the company. Barclays downgraded Mosaic from an "overweight" rating to an "underweight" rating and cut their target price for the stock from $30.00 to $27.00 in a research note on Tuesday, January 21st. Morgan Stanley lowered their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. 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, CIBC initiated coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.70.

Mosaic Stock Performance

Shares of MOS stock traded up $0.88 during trading on Monday, reaching $24.79. 5,430,434 shares of the company's stock traded hands, compared to its average volume of 5,803,571. The firm's 50-day moving average is $26.19 and its 200 day moving average is $26.34. The company has a market capitalization of $7.87 billion, a P/E ratio of 21.94, 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 company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

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Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio is currently 160.00%.

Institutional Investors Weigh In On Mosaic

Several hedge funds have recently added to or reduced their stakes in the company. Brooklyn Investment Group lifted its position in Mosaic by 110.8% in the 4th 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 during the last quarter. R Squared Ltd purchased a new position in shares of Mosaic during the fourth quarter worth approximately $33,000. Tobam bought a new stake in shares of Mosaic in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new stake in shares of Mosaic in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC grew its holdings in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 1,809 shares during the last quarter. 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.