Mosaic (NYSE:MOS) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Mosaic (NYSE:MOS) from an underweight rating to an equal weight rating in a research report sent to investors on Wednesday, Marketbeat.com reports. Barclays currently has $27.00 target price on the basic materials company’s stock.

A number of other analysts have also recently commented on MOS. CIBC assumed coverage on shares of Mosaic in a research note on Tuesday, December 10th. They set a “neutral” rating and a $55.00 target price for the company. Morgan Stanley cut their target price on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Mizuho cut their target price on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company cut their target price on shares of Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Piper Sandler boosted their price target on shares of Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Mosaic currently has an average rating of “Hold” and an average price target of $31.70.

Mosaic Stock Up 4.7 %

MOS opened at $24.18 on Wednesday. The stock has a market capitalization 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 fifty day moving average of $26.19 and a two-hundred day moving average of $26.34. 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 annualized dividend and a yield of 3.64%. This is a positive change from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is presently 160.00%.

Hedge Funds Weigh In On Mosaic

Several institutional investors and hedge funds have recently bought and sold shares of MOS. Norges Bank acquired a new position in Mosaic in the 4th quarter valued at about $97,363,000. Invesco Ltd. boosted its holdings in Mosaic by 29.3% in the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after purchasing an additional 3,058,243 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Mosaic by 24.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock valued at $271,382,000 after purchasing an additional 2,151,426 shares during the last quarter. Criteria Caixa S.A.U. acquired a new position in shares of Mosaic in the 4th quarter worth approximately $36,231,000. Finally, Covalis Capital LLP acquired a new position in shares of Mosaic in the 4th quarter worth approximately $27,031,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.