Analysts Set The Mosaic Company (NYSE:MOS) Price Target at $33.80

Shares of The Mosaic Company (NYSE:MOS) have received an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $33.80.

A number of research firms have issued reports on MOS. Piper Sandler raised their target price on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Oppenheimer assumed coverage on Mosaic in a report on Thursday, December 12th. They set a “market perform” rating on the stock. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and dropped their price target for the stock from $30.00 to $27.00 in a research note on Tuesday, January 21st. CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. 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.

Institutional Trading of Mosaic

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank acquired a new position in Mosaic in the fourth quarter worth $97,363,000. Invesco Ltd. increased its holdings in shares of Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock worth $271,382,000 after buying an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. bought a new position in shares of Mosaic during the fourth quarter worth about $36,231,000. Finally, Covalis Capital LLP bought a new position in shares of Mosaic during the fourth quarter worth about $27,031,000. 77.54% of the stock is currently owned by institutional investors.

Mosaic Stock Performance

Shares of MOS opened at $26.54 on Thursday. The business’s fifty day moving average price is $26.18 and its 200 day moving average price is $26.55. Mosaic has a 12-month low of $23.56 and a 12-month high of $33.44. The stock has a market capitalization of $8.43 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.32%. Mosaic’s payout ratio is currently 74.34%.

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.