The Mosaic Company (NYSE:MOS) Receives $33.80 Average PT from Analysts

The Mosaic Company (NYSE:MOS - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $33.80.

MOS has been the subject of a number of analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Mizuho raised their price target on shares of Mosaic from $28.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Morgan Stanley dropped their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Piper Sandler raised 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. Finally, CIBC initiated coverage on shares of Mosaic in a research report on Tuesday, December 10th. They set a "neutral" rating and a $55.00 price target on the stock.

Institutional Trading of Mosaic

Several hedge funds have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. raised its position in Mosaic by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company's stock worth $625,000 after acquiring an additional 354 shares during the period. Intellectus Partners LLC raised its position in shares of Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock valued at $304,000 after purchasing an additional 400 shares during the period. V Square Quantitative Management LLC raised its position in shares of Mosaic by 5.1% in the third quarter. V Square Quantitative Management LLC now owns 8,764 shares of the basic materials company's stock valued at $235,000 after purchasing an additional 426 shares during the period. Arizona State Retirement System raised its position in shares of Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after purchasing an additional 471 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Mosaic by 46.4% in the third quarter. Blue Trust Inc. now owns 1,799 shares of the basic materials company's stock valued at $52,000 after purchasing an additional 570 shares during the period. Institutional investors own 77.54% of the company's stock.

Mosaic Stock Up 0.4 %

Shares of NYSE MOS traded up $0.11 during mid-day trading on Thursday, reaching $26.54. 3,089,443 shares of the company's stock traded hands, compared to its average volume of 4,619,557. The stock has a market cap of $8.43 billion, a P/E ratio of 23.48, a PEG ratio of 1.42 and a beta of 1.34. The business has a 50-day simple moving average of $26.18 and a 200 day simple moving average of $26.52. Mosaic has a 1-year low of $23.56 and a 1-year high of $33.44. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a $0.22 dividend. This is a positive change 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 yield of 3.32%. Mosaic's payout ratio is currently 74.34%.

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.