Mosaic (NYSE:MOS) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Mosaic (NYSE:MOS) from a neutral rating to an overweight rating in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has $29.00 target price on the basic materials company’s stock, up from their prior target price of $26.00.

A number of other analysts also recently weighed in on MOS. Mizuho upped their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. Piper Sandler upped their price objective on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley dropped their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada restated a “sector perform” rating and set a $30.00 price objective on shares of Mosaic in a research report on Thursday, November 14th. Finally, Barclays downgraded Mosaic from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $31.70.

Mosaic Stock Performance

NYSE:MOS opened at $24.18 on Monday. The stock has a fifty day moving average price of $26.19 and a 200-day moving average price of $26.34. The company has a market cap of $7.68 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.49 and a current ratio of 1.19. Mosaic has a fifty-two week low of $22.48 and a fifty-two week high of $33.44.

Mosaic Increases Dividend

The company 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is presently 160.00%.

Hedge Funds Weigh In On Mosaic

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Probity Advisors Inc. increased its holdings in Mosaic by 6.2% in the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 508 shares in the last quarter. Siemens Fonds Invest GmbH acquired a new stake in shares of Mosaic in the fourth quarter valued at about $224,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Mosaic in the fourth quarter valued at about $5,214,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the fourth quarter valued at about $41,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Mosaic by 0.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 117,252 shares of the basic materials company’s stock valued at $2,882,000 after buying an additional 1,061 shares during the period. 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.