Mosaic (NYSE:MOS) Upgraded at Barclays

Barclays upgraded shares of Mosaic (NYSE:MOS) from an equal weight rating to an overweight rating in a research note released on Wednesday morning, MarketBeat reports. The firm currently has $33.00 price objective on the basic materials company’s stock, up from their previous price objective of $27.00.

MOS has been the topic of several other research reports. Oppenheimer began coverage on Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Wells Fargo & Company reduced their target price on Mosaic from $29.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, March 3rd. Morgan Stanley lowered 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 note on Monday, January 13th. Mizuho cut their price target on shares of Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Finally, CIBC began coverage on shares of Mosaic in a report on Tuesday, December 10th. They set a “neutral” rating and a $55.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.67.

Mosaic Stock Down 1.9 %

Shares of Mosaic stock opened at $27.83 on Wednesday. The company has a market cap of $8.82 billion, a P/E ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. The firm has a fifty day moving average of $26.54 and a two-hundred day moving average of $26.17. 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 one year low of $22.48 and a one year high of $33.44.

Mosaic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Thursday, June 5th. Mosaic’s payout ratio is 160.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Mosaic in the 4th quarter valued at about $97,363,000. Invesco Ltd. grew its holdings in Mosaic by 29.3% in the fourth quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company’s stock valued at $332,005,000 after purchasing an additional 3,058,243 shares during the period. Dimensional Fund Advisors LP raised its stake in Mosaic by 24.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company’s stock worth $271,382,000 after purchasing an additional 2,151,426 shares during the period. Criteria Caixa S.A.U. acquired a new position in shares of Mosaic in the 4th quarter valued at $36,231,000. Finally, Covalis Capital LLP purchased a new stake in shares of Mosaic during the 4th quarter valued at $27,031,000. Hedge funds and other institutional investors 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.