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

Mosaic (NYSE:MOS) had its price target decreased by Wells Fargo & Company from $29.00 to $26.00 in a research report released on Monday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the basic materials company’s stock.

MOS has been the topic of several other research reports. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $26.00 to $29.00 in a report on Monday. CIBC initiated coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $30.00 price target on shares of Mosaic in a research report on Thursday, November 14th. Finally, Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.90.

Mosaic Trading Down 2.4 %

NYSE MOS opened at $23.34 on Monday. The company’s fifty day simple moving average is $26.23 and its 200-day simple moving average is $26.42. The stock has a market cap of $7.41 billion, a P/E ratio of 20.66, a PEG ratio of 1.42 and a beta of 1.34. Mosaic has a 52 week low of $23.05 and a 52 week high of $33.44. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.77%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MOS. Brooklyn Investment Group lifted its holdings in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares during the last quarter. R Squared Ltd bought a new stake in shares of Mosaic during the 4th quarter worth about $33,000. Tobam acquired a new position in shares of Mosaic during 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 approximately $41,000. Finally, Larson Financial Group LLC lifted its stake in shares of Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after buying an additional 1,809 shares during the last quarter. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.