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

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

A number of other equities research analysts have also weighed in on the stock. Oppenheimer began coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company. Piper Sandler raised 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. Scotiabank dropped their price target on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a report on Thursday, November 14th. Finally, CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.90.

Mosaic Price Performance

Shares of NYSE MOS opened at $23.34 on Monday. The stock’s 50-day simple moving average is $26.23 and its two-hundred day simple moving average is $26.42. The firm has a market capitalization of $7.41 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.42 and a beta of 1.34. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. Mosaic has a twelve month low of $23.05 and a twelve month high of $33.44.

Mosaic Increases Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, March 6th. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.77%. Mosaic’s dividend payout ratio is presently 160.00%.

Hedge Funds Weigh In On Mosaic

Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in Mosaic in the 4th quarter valued at about $97,363,000. Invesco Ltd. lifted its stake in Mosaic by 29.3% during the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock worth $332,005,000 after purchasing an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after acquiring an additional 2,151,426 shares in the last quarter. Criteria Caixa S.A.U. acquired a new stake in Mosaic during the 4th quarter worth approximately $36,231,000. Finally, Covalis Capital LLP acquired a new position in Mosaic during the 4th quarter worth $27,031,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

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.