Mizuho Lowers Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price objective decreased by Mizuho from $29.00 to $28.00 in a report published on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the basic materials company’s stock.

MOS has been the topic of several other research reports. Oppenheimer initiated coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Scotiabank lowered 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. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Barclays cut Mosaic from an “overweight” rating to an “underweight” rating and lowered their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $26.00 to $29.00 in a research report on Monday. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.70.

Mosaic Trading Up 4.7 %

Shares of Mosaic stock opened at $24.18 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. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.42 and a beta of 1.34. The business has a fifty day simple moving average of $26.19 and a two-hundred day simple moving average of $26.34. Mosaic has a 1 year low of $22.48 and a 1 year high of $33.44.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is presently 160.00%.

Institutional Trading of Mosaic

Several large investors have recently bought and sold shares of the business. Invesco Ltd. boosted its stake in Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after buying an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after buying an additional 2,151,426 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company’s stock valued at $218,751,000 after buying an additional 269,650 shares in the last quarter. Northern Trust Corp boosted its stake in Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company’s stock valued at $127,119,000 after buying an additional 287,493 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company’s stock valued at $98,086,000 after buying an additional 711,300 shares in the last quarter. 77.54% of the stock is owned by institutional investors and hedge funds.

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.