Analysts Set The Mosaic Company (NYSE:MOS) PT at $31.70

The Mosaic Company (NYSE:MOS) has received an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $31.64.

Several equities research analysts recently commented on MOS shares. Piper Sandler increased their price objective on Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research report on Monday, March 3rd. Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a research report on Wednesday, March 5th. Oppenheimer began coverage on Mosaic in a research report on Thursday, December 12th. They issued a “market perform” rating on the stock. Finally, The Goldman Sachs Group began coverage on Mosaic in a research report on Thursday. They issued a “buy” rating and a $31.00 target price on the stock.

Mosaic Trading Up 3.4 %

Mosaic stock opened at $25.91 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. Mosaic has a one year low of $22.48 and a one year high of $33.44. The stock has a market capitalization of $8.21 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The business’s fifty day moving average is $26.28 and its 200 day moving average is $26.21.

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 3.40%. The ex-dividend date of this dividend 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. US Bancorp DE lifted its position in shares of Mosaic by 6.9% during the 3rd quarter. US Bancorp DE now owns 26,535 shares of the basic materials company’s stock valued at $711,000 after buying an additional 1,707 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Mosaic by 115.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 69,188 shares of the basic materials company’s stock valued at $1,853,000 after buying an additional 37,099 shares in the last quarter. Confluence Investment Management LLC raised its stake in Mosaic by 12.5% during the 3rd quarter. Confluence Investment Management LLC now owns 13,664 shares of the basic materials company’s stock valued at $366,000 after purchasing an additional 1,523 shares during the period. Crossmark Global Holdings Inc. raised its stake in Mosaic by 1.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 23,345 shares of the basic materials company’s stock valued at $625,000 after purchasing an additional 354 shares during the period. Finally, Versor Investments LP raised its stake in Mosaic by 920.6% during the 3rd quarter. Versor Investments LP now owns 85,300 shares of the basic materials company’s stock valued at $2,284,000 after purchasing an additional 76,942 shares during the period. 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.