Mosaic (NYSE:MOS) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Mosaic (NYSE:MOS) in a research note published on Thursday, Marketbeat.com reports. The brokerage issued a buy rating and a $31.00 price target on the basic materials company’s stock.

MOS has been the topic of a number of other research reports. Scotiabank dropped their price objective on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 3rd. Piper Sandler raised their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Barclays upgraded shares of Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price objective for the company in a research note on Wednesday, March 5th. Royal Bank of Canada raised their target price on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Finally, Wells Fargo & Company reduced their price target on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.64.

Mosaic Stock Up 1.7 %

Mosaic stock opened at $25.12 on Thursday. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.96 billion, a P/E ratio of 22.23, a P/E/G ratio of 1.42 and a beta of 1.34. The business has a fifty day moving average of $26.26 and a two-hundred day moving average of $26.23. Mosaic has a twelve month low of $22.48 and a twelve month high of $33.44.

Mosaic Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.22 dividend. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.50%. Mosaic’s dividend payout ratio (DPR) is 160.00%.

Institutional Trading of Mosaic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Crossmark Global Holdings Inc. lifted its holdings in shares of Mosaic by 1.5% during the third quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock worth $625,000 after purchasing an additional 354 shares during the period. Entropy Technologies LP acquired a new stake in Mosaic during the 3rd quarter valued at approximately $357,000. GSA Capital Partners LLP purchased a new stake in shares of Mosaic in the 3rd quarter valued at $244,000. Huntington National Bank increased its stake in shares of Mosaic by 85.2% in the third quarter. Huntington National Bank now owns 2,189 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 1,007 shares during the period. Finally, Metis Global Partners LLC increased its stake in shares of Mosaic by 19.5% in the third quarter. Metis Global Partners LLC now owns 29,003 shares of the basic materials company’s stock worth $777,000 after acquiring an additional 4,740 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.