Mosaic (NYSE:MOS) Upgraded to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Mosaic (NYSE:MOS) from a neutral rating to an overweight rating in a research note published on Monday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has $29.00 price target on the basic materials company’s stock, up from their prior price target of $26.00.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, November 14th. Piper Sandler raised their target price on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They issued a “neutral” rating and a $55.00 target price on the stock. Finally, Mizuho raised their target price on Mosaic from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $31.90.

Mosaic Price Performance

NYSE MOS opened at $23.34 on Monday. Mosaic has a one year low of $23.05 and a one year high of $33.44. The stock has a 50-day moving average of $26.23 and a 200 day moving average of $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. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19.

Mosaic Increases Dividend

The business 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. 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 3.77%. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is presently 160.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in MOS. Brooklyn Investment Group lifted its position 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 in the last quarter. R Squared Ltd purchased a new position in Mosaic in the 4th quarter worth approximately $33,000. Tobam purchased a new position in Mosaic in the 4th quarter worth approximately $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the 4th quarter worth approximately $41,000. Finally, Larson Financial Group LLC lifted its holdings in 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 worth $48,000 after purchasing an additional 1,809 shares in the last quarter. 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.