Mosaic (NYSE:MOS) Upgraded to “Outperform” at Oppenheimer

Oppenheimer upgraded shares of Mosaic (NYSE:MOS) from a market perform rating to an outperform rating in a report released on Thursday morning, Marketbeat.com reports. They currently have $33.00 price objective on the basic materials company’s stock.

A number of other equities analysts have also recently weighed in on MOS. Scotiabank upped their price target on Mosaic from $31.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Wednesday. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $26.00 to $29.00 in a research note on Monday, March 3rd. Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $33.00 in a research note on Wednesday. Morgan Stanley cut their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Piper Sandler upped their price target on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Mosaic presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Mosaic Stock Performance

NYSE MOS opened at $27.83 on Thursday. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. Mosaic has a twelve month low of $22.48 and a twelve month 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 has a 50-day moving average of $26.54 and a 200 day moving average of $26.16.

Mosaic Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a $0.22 dividend. The ex-dividend date is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.16%. Mosaic’s payout ratio is 160.00%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Brooklyn Investment Group grew its position in 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 period. R Squared Ltd acquired a new position in Mosaic during the fourth quarter worth $33,000. Tobam acquired a new position in Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC lifted its stake 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 purchasing an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.