Mosaic (NYSE:MOS) Stock Rating Upgraded by Oppenheimer

Oppenheimer upgraded shares of Mosaic (NYSE:MOS) from a market perform rating to an outperform rating in a report released on Thursday, MarketBeat reports. The firm currently has $33.00 target price on the basic materials company’s stock.

Several other analysts have also issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. Morgan Stanley decreased their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Barclays upgraded shares of Mosaic from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $27.00 to $33.00 in a report on Wednesday. Piper Sandler upped their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, CIBC started coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target for the company. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Mosaic has a consensus rating of “Hold” and an average price target of $32.67.

Mosaic Price Performance

MOS stock opened at $28.40 on Thursday. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. 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 stock has a market cap of $9.00 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The business has a fifty day moving average of $26.48 and a two-hundred day moving average of $26.17.

Mosaic Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a $0.22 dividend. The ex-dividend date was Thursday, March 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.10%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio (DPR) is currently 160.00%.

Institutional Trading of Mosaic

A number of large investors have recently made changes to their positions in the company. Brooklyn Investment Group lifted its stake in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Mosaic during the 4th quarter worth $33,000. Tobam acquired a new position in shares of Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC purchased a new position in Mosaic in the fourth quarter valued at $41,000. Finally, Larson Financial Group LLC raised its stake in Mosaic by 180,900.0% in the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after buying an additional 1,809 shares in the last quarter. 77.54% of the stock is currently owned by hedge funds and other institutional investors.

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.