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

Shares of The Mosaic Company (NYSE:MOS) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $32.58.

Several analysts recently issued reports on the company. Scotiabank lifted their target price on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday, March 19th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price objective for the company. Royal Bank of Canada upped their price objective on Mosaic from $28.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. JPMorgan Chase & Co. raised shares of Mosaic from a “neutral” rating to an “overweight” rating and increased their target price for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Finally, Piper Sandler reissued a “neutral” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th.

Hedge Funds Weigh In On Mosaic

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NBC Securities Inc. purchased a new stake in shares of Mosaic during the 1st quarter valued at $26,000. Brooklyn Investment Group increased its holdings in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic during the fourth quarter worth $33,000. Tobam acquired a new position in shares of Mosaic in the 4th quarter valued at about $38,000. Finally, Heck Capital Advisors LLC purchased a new stake in Mosaic in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Trading Down 2.0 %

Shares of Mosaic stock opened at $24.18 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. The company has a fifty day moving average of $25.87 and a 200 day moving average of $26.14. The company has a market capitalization of $7.66 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.42 and a beta of 1.04. Mosaic has a fifty-two week low of $22.36 and a fifty-two week high of $32.66.

Mosaic Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.64%. Mosaic’s dividend payout ratio (DPR) is presently 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.