The Mosaic Company (NYSE:MOS) Receives $32.67 Average Price Target from Analysts

Shares of The Mosaic Company (NYSE:MOS) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $32.83.

A number of equities analysts recently commented on MOS shares. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $27.00 to $33.00 in a research note on Wednesday, March 19th. Scotiabank boosted their target price on shares of Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price target on the stock in a research report on Thursday, March 20th. JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $29.00 in a report on Monday, March 3rd. Finally, Royal Bank of Canada increased their target price on shares of Mosaic from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday.

Institutional Trading of Mosaic

A number of institutional investors and hedge funds have recently made changes to their positions in MOS. Brooklyn Investment Group boosted its position in Mosaic by 110.8% during 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 purchased a new stake in shares of Mosaic in the 4th quarter valued at $33,000. Tobam purchased a new position in shares of Mosaic in the fourth quarter valued at approximately $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic in the fourth quarter worth $41,000. Finally, Ethos Financial Group LLC acquired a new stake in Mosaic in the 4th quarter valued at about $55,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

Mosaic Trading Down 9.6 %

Shares of MOS opened at $23.48 on Friday. The firm has a market cap of $7.44 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mosaic has a 1 year low of $22.48 and a 1 year high of $33.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a 50 day simple moving average of $26.39 and a two-hundred day simple moving average of $26.23.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Thursday, June 5th. Mosaic’s dividend payout ratio is currently 160.00%.

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.