The Mosaic Company (NYSE:MOS) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Mosaic Company (NYSE:MOS) have received an average recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $31.64.

A number of analysts have recently weighed in on MOS shares. Piper Sandler upped their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Barclays raised Mosaic from an “underweight” rating to an “equal weight” rating and set a $27.00 price target for the company in a report on Wednesday, March 5th. Scotiabank decreased their target price on Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 3rd. Finally, Oppenheimer started coverage on shares of Mosaic in a report on Thursday, December 12th. They issued a “market perform” rating for the company.

Hedge Funds Weigh In On Mosaic

Several large investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Mosaic during the fourth quarter worth about $97,363,000. Invesco Ltd. raised its holdings in Mosaic by 29.3% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 worth $271,382,000 after purchasing an additional 2,151,426 shares during the period. Criteria Caixa S.A.U. bought a new stake in shares of Mosaic in the 4th quarter valued at $36,231,000. Finally, Covalis Capital LLP bought a new stake in shares of Mosaic in the 4th quarter valued at $27,031,000. Institutional investors own 77.54% of the company’s stock.

Mosaic Stock Up 3.4 %

MOS stock opened at $25.91 on Monday. Mosaic has a 52 week low of $22.48 and a 52 week high of $33.44. The business has a 50-day simple moving average of $26.28 and a 200 day simple moving average of $26.17. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The company has a market cap of $8.21 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio 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.