Shares of The Mosaic Company (NYSE:MOS – Get Rating) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $60.00.
MOS has been the topic of a number of analyst reports. StockNews.com began coverage on Mosaic in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Wells Fargo & Company initiated coverage on Mosaic in a research report on Wednesday, January 18th. They issued an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group cut Mosaic from an “outperform” rating to an “underperform” rating in a report on Monday, January 9th. Mizuho decreased their price target on Mosaic from $74.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, November 9th. Finally, Piper Sandler decreased their price target on Mosaic from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 22nd.
Mosaic Price Performance
NYSE:MOS opened at $48.46 on Wednesday. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 4.74, a PEG ratio of 0.77 and a beta of 1.53. Mosaic has a 1 year low of $37.63 and a 1 year high of $79.28. The business has a 50 day simple moving average of $46.99 and a 200-day simple moving average of $50.24. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.34 and a quick ratio of 0.61.
Mosaic Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Thursday, March 2nd will be paid a dividend of $0.20 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. Mosaic’s dividend payout ratio is 5.87%.
Institutional Investors Weigh In On Mosaic
Several hedge funds have recently made changes to their positions in the business. Bornite Capital Management LP acquired a new stake in Mosaic in the first quarter valued at about $13,300,000. Sei Investments Co. lifted its position in Mosaic by 7.2% in the first quarter. Sei Investments Co. now owns 189,494 shares of the basic materials company’s stock valued at $12,614,000 after purchasing an additional 12,679 shares during the period. Cetera Investment Advisers lifted its position in Mosaic by 7.9% in the first quarter. Cetera Investment Advisers now owns 20,546 shares of the basic materials company’s stock valued at $1,366,000 after purchasing an additional 1,507 shares during the period. National Pension Service acquired a new stake in Mosaic in the first quarter valued at about $30,360,000. Finally, Baird Financial Group Inc. lifted its position in Mosaic by 55.4% in the first quarter. Baird Financial Group Inc. now owns 312,013 shares of the basic materials company’s stock valued at $20,749,000 after purchasing an additional 111,236 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Mosaic (MOS)
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