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

Mosaic (NYSE:MOS) had its price objective trimmed by UBS Group from $29.00 to $28.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Several other equities analysts also recently commented on the stock. Mizuho dropped their price objective 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. BNP Paribas upgraded Mosaic to a “strong-buy” rating in a research note on Wednesday, April 9th. Oppenheimer raised Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective on the stock in a report on Thursday, March 20th. 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 report on Friday, April 4th. Finally, Piper Sandler reissued a “neutral” rating and set a $30.00 price target on shares of Mosaic in a research note on Thursday, March 27th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.42.

Mosaic Stock Up 2.1 %

Shares of NYSE MOS opened at $26.94 on Wednesday. The company has a market cap of $8.54 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.42 and a beta of 1.04. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. Mosaic has a 12 month low of $22.36 and a 12 month high of $32.29. The stock has a 50-day moving average price of $25.80 and a two-hundred day moving average price of $26.14.

Mosaic Announces Dividend

The business 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 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is presently 160.00%.

Institutional Trading of Mosaic

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Intellectus Partners LLC increased its position in shares of 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 buying an additional 400 shares during the period. Arizona State Retirement System boosted its position in Mosaic by 0.5% during 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 last quarter. Probity Advisors Inc. grew its holdings in Mosaic by 6.2% during the 4th quarter. Probity Advisors Inc. now owns 8,701 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 508 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position 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 acquiring an additional 570 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

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.