Mosaic (NYSE:MOS) Rating Increased to Equal Weight at Barclays

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

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada raised their target price on shares of Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday. Scotiabank lowered their target price on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating for the company in a research note on Monday. Morgan Stanley lowered 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. Oppenheimer began coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Finally, Mizuho lowered 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. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.70.

Mosaic Stock Performance

Shares of MOS stock opened at $24.18 on Wednesday. The firm 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’s 50 day moving average is $26.19 and its 200 day moving average is $26.34. 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 has a 52-week low of $22.48 and a 52-week high of $33.44.

Mosaic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a dividend of $0.22 per share. This is an increase from Mosaic’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, March 6th. Mosaic’s payout ratio is presently 160.00%.

Institutional Investors Weigh In On Mosaic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brooklyn Investment Group lifted its stake in shares of Mosaic by 110.8% during the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after buying an additional 587 shares during the period. R Squared Ltd purchased a new position in shares of Mosaic during the fourth quarter worth $33,000. Tobam purchased a new position in shares of Mosaic during the fourth quarter worth $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic during the fourth quarter worth $41,000. Finally, Larson Financial Group LLC raised its holdings in shares of Mosaic by 180,900.0% during the third quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 1,809 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

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.