Wells Fargo & Company Lowers Mosaic (NYSE:MOS) Price Target to $26.00

Mosaic (NYSE:MOS - Free Report) had its price objective trimmed by Wells Fargo & Company from $29.00 to $26.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the basic materials company's stock.

Other analysts have also recently issued reports about the company. Oppenheimer assumed coverage on Mosaic in a research report on Thursday, December 12th. They set a "market perform" rating for the company. Mizuho dropped their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. upgraded Mosaic from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $26.00 to $29.00 in a report on Monday. Royal Bank of Canada restated a "sector perform" rating and set a $30.00 price objective on shares of Mosaic in a report on Thursday, November 14th. Finally, CIBC began coverage on Mosaic in a report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $31.70.

Remove Ads

Mosaic Stock Up 1.5 %

NYSE MOS traded up $0.38 during trading hours on Monday, hitting $25.10. 6,437,629 shares of the company were exchanged, compared to its average volume of 5,817,999. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. The firm has a market cap of $7.97 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average of $26.22 and a two-hundred day moving average of $26.31.

Mosaic Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.51%. The ex-dividend date is Thursday, March 6th. This is a positive change from Mosaic's previous quarterly dividend of $0.21. Mosaic's dividend payout ratio is 160.00%.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group boosted its position in shares of 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 purchasing an additional 587 shares in the last quarter. R Squared Ltd acquired a new stake in Mosaic in the 4th quarter valued at $33,000. Tobam bought a new position in shares of Mosaic in the 4th quarter valued at about $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic in the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC grew its position in shares of Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company's stock valued at $48,000 after acquiring an additional 1,809 shares during the period. 77.54% of the stock is owned by 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.