Mosaic (NYSE:MOS) Price Target Lowered to $28.00 at UBS Group

Mosaic (NYSE:MOS - Free Report) had its price objective lowered by UBS Group from $29.00 to $28.00 in a research note published on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the basic materials company's stock.

A number of other research analysts also recently weighed in on the stock. Barclays upgraded shares of Mosaic from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $27.00 to $33.00 in a report on Wednesday, March 19th. Mizuho cut their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Royal Bank of Canada upped their target price on Mosaic from $28.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, April 4th. Scotiabank boosted their price objective on shares of Mosaic from $31.00 to $34.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 19th. Finally, The Goldman Sachs Group assumed coverage on shares of Mosaic in a report on Thursday, March 13th. They issued a "buy" rating and a $31.00 target price on the stock. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.42.

Mosaic Stock Down 0.1 %

Shares of MOS traded down $0.03 during midday trading on Wednesday, reaching $27.24. 3,604,345 shares of the stock were exchanged, compared to its average volume of 4,605,537. The firm has a 50 day simple moving average of $25.80 and a 200-day simple moving average of $26.14. Mosaic has a 12-month low of $22.36 and a 12-month high of $32.29. The company has a market cap of $8.63 billion, a price-to-earnings ratio of 24.11, a P/E/G ratio of 1.42 and a beta of 1.04. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.

Mosaic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.23%. Mosaic's dividend payout ratio is currently 160.00%.

Hedge Funds Weigh In On Mosaic

A number of hedge funds have recently made changes to their positions in MOS. Intellectus Partners LLC lifted its stake in Mosaic by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company's stock worth $304,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its position in Mosaic by 0.5% in the fourth quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company's stock valued at $2,275,000 after acquiring an additional 471 shares during the period. Probity Advisors Inc. lifted its holdings in shares of Mosaic by 6.2% during the fourth quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 508 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company's stock worth $799,000 after purchasing an additional 570 shares during the last quarter. Finally, Brooklyn Investment Group increased its position in shares of Mosaic by 110.8% during the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Company Profile

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.