Wells Fargo & Company Boosts Mosaic (NYSE:MOS) Price Target to $28.00

Mosaic (NYSE:MOS) had its price target hoisted by Wells Fargo & Company from $26.00 to $28.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the basic materials company’s stock.

A number of other research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised Mosaic from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $29.00 in a report on Monday, March 3rd. Oppenheimer started coverage on shares of Mosaic in a research report on Thursday, December 12th. They set a “market perform” rating on the stock. Piper Sandler raised their price target on shares of Mosaic from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, January 27th. The Goldman Sachs Group initiated coverage on Mosaic in a report on Thursday, March 13th. They set a “buy” rating and a $31.00 price objective on the stock. Finally, Scotiabank lifted their target price on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Mosaic currently has a consensus rating of “Hold” and an average target price of $32.64.

Mosaic Stock Up 2.8 %

NYSE MOS opened at $27.95 on Wednesday. The stock’s 50 day simple moving average is $26.41 and its 200 day simple moving average is $26.16. Mosaic has a one year low of $22.48 and a one year high of $33.44. The firm has a market cap of $8.86 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.34. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49.

Mosaic Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.15%. This is a boost from Mosaic’s previous quarterly dividend of $0.21. The ex-dividend date is Thursday, March 6th. Mosaic’s payout ratio is presently 160.00%.

Institutional Trading of Mosaic

Large investors have recently bought and sold shares of the business. Brooklyn Investment Group lifted its stake in Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock valued at $27,000 after buying an additional 587 shares in the last quarter. R Squared Ltd bought a new position in Mosaic during the 4th quarter worth about $33,000. Tobam bought a new position in Mosaic during the 4th quarter worth about $38,000. Heck Capital Advisors LLC acquired a new stake in shares of Mosaic in the 4th quarter valued at about $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 owned by institutional investors.

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.