Raymond James Financial Inc. Makes New Investment in The Mosaic Company (NYSE:MOS)

Raymond James Financial Inc. acquired a new stake in The Mosaic Company (NYSE:MOS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 146,436 shares of the basic materials company’s stock, valued at approximately $3,599,000.

A number of other institutional investors have also made changes to their positions in the business. Natixis Advisors LLC bought a new position in shares of Mosaic in the 3rd quarter valued at about $299,000. PNC Financial Services Group Inc. lifted its stake in Mosaic by 9.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 46,641 shares of the basic materials company’s stock valued at $1,249,000 after purchasing an additional 4,012 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Mosaic by 44.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company’s stock worth $86,189,000 after purchasing an additional 986,812 shares during the period. Cerity Partners LLC increased its position in Mosaic by 159.0% during the third quarter. Cerity Partners LLC now owns 61,401 shares of the basic materials company’s stock worth $1,644,000 after buying an additional 37,695 shares during the last quarter. Finally, Larson Financial Group LLC increased its position in 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 last quarter. Institutional investors own 77.54% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on MOS. Wells Fargo & Company lifted their target price on shares of Mosaic from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 19th. Mizuho reduced their price objective on Mosaic from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Monday, March 3rd. Barclays upgraded Mosaic from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $27.00 to $33.00 in a research note on Wednesday, March 19th. Royal Bank of Canada boosted their price target on Mosaic from $27.00 to $28.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 4th. Finally, Morgan Stanley decreased their price objective on Mosaic from $40.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $32.67.

Mosaic Stock Up 1.2 %

MOS stock opened at $27.45 on Friday. The stock has a market cap of $8.70 billion, a P/E ratio of 24.30, a P/E/G ratio of 1.42 and a beta of 1.34. 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 stock’s fifty day simple moving average is $26.58 and its two-hundred day simple moving average is $26.19. The Mosaic Company has a 1-year low of $22.48 and a 1-year high of $33.44.

Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic’s payout ratio is 160.00%.

Mosaic 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.