UBS Group Has Lowered Expectations for Mosaic (NYSE:MOS) Stock Price

Mosaic (NYSE:MOS - Free Report) had its target price decreased by UBS Group from $29.00 to $28.00 in a research report sent to investors on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company's stock.

MOS has been the subject of several other research reports. Piper Sandler restated a "neutral" rating and issued a $30.00 price target on shares of Mosaic in a report on Thursday, March 27th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Wells Fargo & Company increased their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target on the stock in a report on Thursday, March 20th. Finally, Morgan Stanley dropped their price objective 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, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.42.

Mosaic Trading Up 1.0 %

Shares of Mosaic stock traded up $0.27 during trading hours on Wednesday, reaching $27.24. 4,208,657 shares of the company's stock were exchanged, compared to its average volume of 4,609,558. Mosaic has a 52-week low of $22.36 and a 52-week high of $32.29. The company has a fifty day moving average of $25.80 and a 200-day moving average of $26.14. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. 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 3.23%. Mosaic's payout ratio is currently 160.00%.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new position in shares of Mosaic during the 1st quarter valued at approximately $26,000. Brooklyn Investment Group lifted its holdings 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 purchasing an additional 587 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Mosaic during the 1st quarter valued at approximately $27,000. R Squared Ltd acquired a new position in Mosaic during the 4th quarter valued at approximately $33,000. Finally, Tobam acquired a new stake in Mosaic in the fourth quarter worth $38,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

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.