UBS Group Cuts Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price target reduced by UBS Group from $29.00 to $28.00 in a research report report published on Wednesday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. Barclays raised Mosaic from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $27.00 to $33.00 in a report on Wednesday, March 19th. Wells Fargo & Company increased their price target on Mosaic from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho cut their target price on Mosaic from $29.00 to $28.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. upgraded Mosaic from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $26.00 to $29.00 in a research report on Monday, March 3rd. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.42.

Mosaic Trading Up 1.0 %

Shares of MOS opened at $27.24 on Wednesday. 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 market cap of $8.63 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 1.42 and a beta of 1.04. The stock has a fifty day moving average price of $25.80 and a two-hundred day moving average price of $26.15. Mosaic has a 52-week low of $22.36 and a 52-week high of $32.29.

Mosaic Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.23%. Mosaic’s payout ratio is presently 160.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. bought a new stake in shares of Mosaic during the 1st quarter worth approximately $202,000. Exchange Traded Concepts LLC lifted its position in shares of Mosaic by 41.8% in the first quarter. Exchange Traded Concepts LLC now owns 5,407 shares of the basic materials company’s stock valued at $146,000 after buying an additional 1,595 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Mosaic by 19.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 47,186 shares of the basic materials company’s stock valued at $1,275,000 after acquiring an additional 7,828 shares during the period. Jackson Square Capital LLC acquired a new stake in Mosaic during the 1st quarter valued at $1,861,000. Finally, CVA Family Office LLC boosted its position in Mosaic by 114.0% during the first quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 1,944 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.