Analysts Set The Mosaic Company (NYSE:MOS) Price Target at $32.42

Shares of The Mosaic Company (NYSE:MOS) have been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $32.42.

MOS has been the subject of several research analyst reports. Mizuho dropped their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. UBS Group decreased their price objective on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Piper Sandler reaffirmed a “neutral” rating and set a $30.00 target price on shares of Mosaic in a research note on Thursday, March 27th. The Goldman Sachs Group initiated coverage on shares of Mosaic in a research note on Thursday, March 13th. They issued a “buy” rating and a $31.00 price target for the company. Finally, Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a research report on Thursday, March 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MOS. Pacer Advisors Inc. raised its holdings in Mosaic by 49.0% in the 4th quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company’s stock worth $1,814,000 after acquiring an additional 24,281 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company’s stock worth $82,800,000 after purchasing an additional 150,186 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Mosaic by 33.8% in the fourth quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company’s stock worth $7,168,000 after purchasing an additional 73,653 shares during the last quarter. Swedbank AB lifted its holdings in shares of Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company’s stock valued at $34,101,000 after purchasing an additional 117,838 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Mosaic during the fourth quarter valued at $1,054,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Performance

Shares of NYSE:MOS opened at $30.44 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $26.29 and a 200-day moving average price of $26.32. The company has a market cap of $9.65 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04. Mosaic has a 12 month low of $22.36 and a 12 month high of $32.29.

Mosaic Announces Dividend

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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s dividend payout ratio (DPR) is 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.