Wells Fargo & Company Cuts Mosaic (NYSE:MOS) Price Target to $26.00

Mosaic (NYSE:MOS) had its price objective reduced by Wells Fargo & Company from $29.00 to $26.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other analysts have also issued reports on MOS. Oppenheimer assumed coverage on shares of Mosaic in a research note on Thursday, December 12th. They issued a “market perform” rating for the company. Barclays cut shares of Mosaic from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $30.00 to $27.00 in a report on Tuesday, January 21st. Morgan Stanley reduced their price target on shares of Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Scotiabank reduced their price target on shares of Mosaic from $34.00 to $31.00 and set a “sector outperform” rating on the stock in a research report on Monday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $30.00 target price on shares of Mosaic in a research note on Thursday, November 14th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $31.70.

Mosaic Stock Up 4.7 %

Shares of NYSE:MOS opened at $24.18 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $26.19 and a 200 day simple moving average of $26.34. The firm has a market cap of $7.68 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. Mosaic has a 12-month low of $22.48 and a 12-month high of $33.44.

Mosaic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, March 6th. 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%. Mosaic’s payout ratio is currently 160.00%.

Hedge Funds Weigh In On Mosaic

Hedge funds and other institutional investors have recently made changes to their positions in the business. Brooklyn Investment Group boosted its position 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 acquired a new position in shares of Mosaic during the fourth quarter worth approximately $33,000. Tobam acquired a new position in shares of Mosaic during the fourth quarter worth approximately $38,000. Heck Capital Advisors LLC acquired a new position in shares of Mosaic during the fourth quarter worth approximately $41,000. Finally, Larson Financial Group LLC boosted its position 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 buying an additional 1,809 shares during the period. 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.