The Mosaic Company (NYSE:MOS) Given Average Recommendation of "Hold" by Brokerages

The Mosaic Company (NYSE:MOS - Get Free Report) has earned a consensus rating of "Hold" from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $32.58.

Several brokerages have weighed in on MOS. Mizuho cut their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. Royal Bank of Canada upped their target price on shares of Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of Mosaic from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $26.00 to $29.00 in a research report on Monday, March 3rd. Finally, Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th.

Institutional Trading of Mosaic

Several institutional investors and hedge funds have recently made changes to their positions in MOS. Brooklyn Investment Group increased its position in Mosaic by 110.8% during the fourth 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 period. R Squared Ltd acquired a new position in shares of Mosaic in the 4th quarter valued at $33,000. Tobam acquired a new position in shares of Mosaic in the 4th quarter valued at $38,000. Heck Capital Advisors LLC purchased a new stake in Mosaic in the 4th quarter valued at $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic during the 4th quarter worth $55,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

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Mosaic Stock Down 3.7 %

Shares of NYSE:MOS traded down $0.88 during trading on Friday, hitting $22.70. The company's stock had a trading volume of 7,901,781 shares, compared to its average volume of 4,539,889. The company has a market capitalization of $7.19 billion, a PE ratio of 20.08, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. Mosaic has a fifty-two week low of $22.13 and a fifty-two week high of $33.32. The business has a 50 day moving average price of $26.07 and a two-hundred day moving average price of $26.16.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Thursday, June 5th. Mosaic's payout ratio is 160.00%.

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.