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.com reports. They currently have $29.00 target price on the basic materials company’s stock, up from their previous target price of $26.00.

MOS has been the topic of several other research reports. Mizuho boosted their target price on Mosaic from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. CIBC initiated coverage on Mosaic in a research report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price target on the stock. Oppenheimer initiated coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Piper Sandler boosted their price target on Mosaic from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Barclays lowered Mosaic from an “overweight” rating to an “underweight” rating and lowered their price target for the stock from $30.00 to $27.00 in a research report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.70.

Mosaic Trading Up 4.7 %

NYSE MOS opened at $24.18 on Monday. 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 stock’s 50 day moving average price is $26.19 and its two-hundred day moving average price is $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 52 week low of $22.48 and a 52 week high of $33.44.

Mosaic Increases Dividend

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

Institutional Trading of Mosaic

Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its stake in Mosaic by 110.8% in the 4th 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 period. R Squared Ltd bought a new stake in Mosaic in the 4th quarter valued at $33,000. Tobam bought a new stake in Mosaic in the 4th quarter valued at $38,000. Heck Capital Advisors LLC bought a new stake in Mosaic in the 4th quarter valued at $41,000. Finally, Larson Financial Group LLC boosted its stake in Mosaic by 180,900.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,810 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 1,809 shares during the period. 77.54% of the stock is currently owned by 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.