Raymond James Financial Inc. Invests $3.60 Million in The Mosaic Company (NYSE:MOS)

Raymond James Financial Inc. purchased a new position in shares of The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 146,436 shares of the basic materials company's stock, valued at approximately $3,599,000.

A number of other large investors have also bought and sold shares of the stock. Pacer Advisors Inc. increased its stake in shares of Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after buying an additional 24,281 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 4.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock valued at $82,800,000 after acquiring an additional 150,186 shares in the last quarter. OLD National Bancorp IN increased its position in Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock valued at $7,168,000 after purchasing an additional 73,653 shares during the period. Swedbank AB raised its holdings in Mosaic by 9.3% in the 4th quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock worth $34,101,000 after purchasing an additional 117,838 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Mosaic in the 4th quarter worth about $1,054,000. 77.54% of the stock is owned by hedge funds and other institutional investors.

Mosaic Stock Up 0.7 %

NYSE MOS traded up $0.22 during mid-day trading on Wednesday, reaching $30.47. The stock had a trading volume of 5,790,138 shares, compared to its average volume of 4,645,424. The company has a fifty day moving average price of $26.09 and a 200 day moving average price of $26.27. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29. The stock has a market cap of $9.66 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 1.42 and a beta of 1.04.

Mosaic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a dividend yield of 2.89%. Mosaic's dividend payout ratio (DPR) is presently 160.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on MOS shares. Morgan Stanley decreased their price target on shares of Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Piper Sandler reissued a "neutral" rating and issued a $30.00 target price on shares of Mosaic in a research report on Thursday, March 27th. Royal Bank of Canada lifted their price target on Mosaic from $28.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, April 4th. UBS Group decreased their price objective on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group started coverage on shares of Mosaic in a report on Thursday, March 13th. They set a "buy" rating and a $31.00 target price on the stock. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $32.42.

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.