Mosaic (NYSE:MOS) Rating Increased to Outperform at Oppenheimer

Oppenheimer upgraded shares of Mosaic (NYSE:MOS) from a market perform rating to an outperform rating in a research note released on Thursday, Marketbeat reports. Oppenheimer currently has $33.00 price target on the basic materials company’s stock.

Several other brokerages have also commented on MOS. Royal Bank of Canada raised their price objective on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a report on Tuesday, March 4th. 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 on the stock. Morgan Stanley reduced their price objective on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Piper Sandler lifted their target price on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Finally, 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, March 3rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and an average target price of $32.67.

Mosaic Trading Up 1.5 %

MOS stock opened at $28.40 on Thursday. Mosaic has a 52-week low of $22.48 and a 52-week high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27. The firm has a market cap of $9.00 billion, a P/E ratio of 25.13, a PEG ratio of 1.42 and a beta of 1.34. The company’s 50-day simple moving average is $26.48 and its 200-day simple moving average is $26.17.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, March 6th. This is a boost from Mosaic’s previous quarterly dividend of $0.21. Mosaic’s dividend payout ratio is currently 160.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group increased its holdings in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd purchased a new stake in Mosaic in the 4th quarter valued at $33,000. Tobam acquired a new stake in shares of Mosaic in the 4th quarter worth $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the 4th quarter worth $41,000. Finally, Larson Financial Group LLC raised its holdings in shares of Mosaic by 180,900.0% during the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 1,809 shares during the period. 77.54% of the stock is owned by hedge funds and other institutional investors.

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.