Oppenheimer upgraded shares of Mosaic (NYSE:MOS - Free Report) from a market perform rating to an outperform rating in a research note released on Thursday, MarketBeat Ratings reports. They currently have $33.00 price objective on the basic materials company's stock.
Other analysts also recently issued reports about the company. Royal Bank of Canada increased their price objective on Mosaic from $27.00 to $28.00 and gave the stock a "sector perform" rating in a research note on Tuesday, March 4th. Piper Sandler increased their price target on Mosaic from $30.00 to $33.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. The Goldman Sachs Group began coverage on shares of Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price target on the stock. Finally, Scotiabank increased their price objective on shares of Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 19th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $32.67.
Check Out Our Latest Stock Report on Mosaic
Mosaic Stock Down 0.7 %
Shares of NYSE:MOS traded down $0.20 during midday trading on Thursday, hitting $27.64. 4,532,676 shares of the company's stock were exchanged, compared to its average volume of 4,292,089. 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 12 month low of $22.48 and a 12 month high of $33.44. The company has a market cap of $8.76 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The stock has a 50 day moving average price of $26.56 and a 200-day moving average price of $26.16.
Mosaic Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Thursday, June 5th. Mosaic's dividend payout ratio is currently 160.00%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in MOS. Norges Bank bought a new stake in Mosaic in the 4th quarter valued at about $97,363,000. Invesco Ltd. increased its stake in shares of Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after purchasing an additional 2,151,426 shares during the period. Criteria Caixa S.A.U. purchased a new stake in shares of Mosaic during the 4th quarter valued at approximately $36,231,000. Finally, Covalis Capital LLP purchased a new stake in shares of Mosaic during the 4th quarter valued at approximately $27,031,000. Hedge funds and other institutional investors own 77.54% of the company's stock.
About Mosaic
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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.
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