Mosaic (NYSE:MOS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Mosaic (NYSE:MOS - Free Report) from a neutral rating to an overweight rating in a research report sent to investors on Monday morning, MarketBeat.com reports. They currently have $29.00 price target on the basic materials company's stock, up from their prior price target of $26.00.

Other analysts also recently issued research reports about the company. Mizuho upped their price target on Mosaic from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. Morgan Stanley decreased their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Piper Sandler lifted their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Oppenheimer initiated coverage on shares of Mosaic in a report on Thursday, December 12th. They set a "market perform" rating for the company. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Mosaic presently has an average rating of "Hold" and an average price target of $31.70.

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Mosaic Stock Up 3.7 %

NYSE:MOS traded up $0.88 during trading hours on Monday, reaching $24.79. The company's stock had a trading volume of 5,430,434 shares, compared to its average volume of 5,803,557. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mosaic has a one year low of $22.48 and a one year high of $33.44. The business's 50-day moving average is $26.19 and its 200-day moving average is $26.34.

Mosaic Increases Dividend

The business 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 is an increase from Mosaic's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 annualized dividend and a dividend yield of 3.55%. Mosaic's payout ratio is presently 160.00%.

Institutional Investors Weigh In On Mosaic

Hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group lifted its position in shares of 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 acquiring an additional 587 shares during the period. R Squared Ltd bought a new position in Mosaic in the fourth quarter worth $33,000. Tobam acquired a new stake in Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC acquired a new stake in Mosaic during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC increased its holdings in Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock valued at $48,000 after buying an additional 1,809 shares during the period. Institutional investors own 77.54% of the company's stock.

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.