Mosaic (NYSE:MOS - Free Report) had its target price lifted by Royal Bank of Canada from $28.00 to $30.00 in a research note released on Friday,Benzinga reports. They currently have a sector perform rating on the basic materials company's stock.
Other research analysts have also issued reports about the stock. Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a report on Thursday, March 20th. Piper Sandler reiterated a "neutral" rating and set a $30.00 target price on shares of Mosaic in a report on Thursday, March 27th. Scotiabank raised their price objective on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Mizuho reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Finally, Morgan Stanley reduced their price target on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $32.58.
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Mosaic Price Performance
Shares of NYSE MOS traded up $1.56 during trading on Friday, hitting $24.32. 4,773,748 shares of the company were exchanged, compared to its average volume of 4,546,755. The firm's fifty day moving average price is $26.07 and its 200 day moving average price is $26.16. Mosaic has a 1 year low of $22.17 and a 1 year high of $33.32. 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 $7.71 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.42 and a beta of 1.04.
Mosaic Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.62%. Mosaic's dividend payout ratio (DPR) is presently 160.00%.
Institutional Investors Weigh In On Mosaic
A number of institutional investors have recently made changes to their positions in MOS. Czech National Bank grew its position in Mosaic by 5.9% in the first quarter. Czech National Bank now owns 72,958 shares of the basic materials company's stock valued at $1,971,000 after acquiring an additional 4,086 shares during the last quarter. 180 Wealth Advisors LLC boosted its stake in shares of Mosaic by 6.7% in the 1st quarter. 180 Wealth Advisors LLC now owns 18,266 shares of the basic materials company's stock valued at $493,000 after purchasing an additional 1,139 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Mosaic by 6.1% in the 1st quarter. Rhumbline Advisers now owns 606,783 shares of the basic materials company's stock valued at $16,389,000 after purchasing an additional 35,115 shares during the period. Parallel Advisors LLC increased its stake in shares of Mosaic by 23.7% in the 1st quarter. Parallel Advisors LLC now owns 6,183 shares of the basic materials company's stock valued at $167,000 after acquiring an additional 1,183 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Mosaic by 3,838.0% during the 1st quarter. GAMMA Investing LLC now owns 450,662 shares of the basic materials company's stock worth $12,172,000 after purchasing an additional 439,218 shares in the last quarter. Institutional investors own 77.54% of the company's stock.
Mosaic Company Profile
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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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