Mosaic (NYSE:MOS) Price Target Cut to $28.00 by Analysts at Mizuho

Mosaic (NYSE:MOS) had its price target cut by Mizuho from $29.00 to $28.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other brokerages have also commented on MOS. CIBC initiated coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Piper Sandler upped their target price on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $30.00 to $27.00 in a research report on Tuesday, January 21st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $26.00 to $29.00 in a report on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.90.

Mosaic Stock Down 2.4 %

NYSE MOS opened at $23.34 on Monday. Mosaic has a 1-year low of $23.05 and a 1-year 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. The stock’s 50 day moving average is $26.23 and its two-hundred day moving average is $26.42. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.77%. This is an increase from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s dividend payout ratio is presently 160.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MOS. Brooklyn Investment Group lifted its holdings in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd bought a new stake in shares of Mosaic during the fourth quarter valued at approximately $33,000. Tobam bought a new stake in Mosaic during the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC bought a new position in shares of Mosaic during the fourth quarter valued at about $41,000. Finally, Larson Financial Group LLC lifted its holdings in Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.