The Mosaic Company (NYSE:MOS) Receives $32.42 Consensus PT from Analysts

The Mosaic Company (NYSE:MOS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $32.42.

A number of analysts recently commented on the company. Royal Bank of Canada increased their price objective on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, April 4th. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Scotiabank boosted their price objective on shares of Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 19th. Piper Sandler restated a "neutral" rating and set a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Finally, Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a report on Thursday, March 20th.

Mosaic Price Performance

NYSE:MOS traded up $0.04 during trading hours on Tuesday, reaching $30.44. 6,223,377 shares of the company traded hands, compared to its average volume of 4,639,525. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The firm's 50-day moving average is $26.19 and its 200-day moving average is $26.29. The stock has a market cap of $9.65 billion, a P/E ratio of 26.94, a P/E/G ratio of 1.42 and a beta of 1.04. Mosaic has a 1-year low of $22.36 and a 1-year high of $32.29.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is currently 160.00%.

Institutional Investors Weigh In On Mosaic

Several institutional investors and hedge funds have recently added to or reduced their stakes in MOS. Bleakley Financial Group LLC grew its holdings in shares of Mosaic by 15.8% during the 1st quarter. Bleakley Financial Group LLC now owns 100,420 shares of the basic materials company's stock worth $2,712,000 after purchasing an additional 13,679 shares during the period. CWM LLC lifted its holdings in shares of Mosaic by 37.3% during the 1st quarter. CWM LLC now owns 16,137 shares of the basic materials company's stock valued at $436,000 after acquiring an additional 4,382 shares in the last quarter. Oxbow Advisors LLC raised its position in Mosaic by 3.3% in the first quarter. Oxbow Advisors LLC now owns 210,261 shares of the basic materials company's stock valued at $5,679,000 after purchasing an additional 6,671 shares during the period. New York State Common Retirement Fund raised its holdings in shares of Mosaic by 20.0% during the 1st quarter. New York State Common Retirement Fund now owns 225,271 shares of the basic materials company's stock valued at $6,085,000 after buying an additional 37,500 shares during the period. Finally, Ballentine Partners LLC lifted its position in shares of Mosaic by 31.2% during the first quarter. Ballentine Partners LLC now owns 11,363 shares of the basic materials company's stock worth $307,000 after purchasing an additional 2,705 shares in the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.