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

Raymond James Financial Inc. bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 146,436 shares of the basic materials company's stock, valued at approximately $3,599,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group raised its position 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 purchasing an additional 587 shares during the period. R Squared Ltd purchased a new position in Mosaic during the 4th quarter valued at about $33,000. Tobam purchased a new position in Mosaic during the 4th quarter valued at about $38,000. Heck Capital Advisors LLC acquired a new position in Mosaic in the 4th quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its stake 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 purchasing an additional 1,809 shares during the period. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

Shares of NYSE MOS traded down $0.34 during midday trading on Monday, reaching $26.91. 345,099 shares of the company were exchanged, compared to its average volume of 4,468,448. The stock has a fifty day simple moving average of $26.58 and a 200 day simple moving average of $26.22. 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 has a market cap of $8.53 billion, a P/E ratio of 23.81, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a 1 year low of $22.48 and a 1 year high of $33.44.

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Mosaic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Stockholders of record on Thursday, June 5th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, June 5th. Mosaic's payout ratio is currently 160.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MOS shares. Royal Bank of Canada increased their target price on shares of Mosaic from $27.00 to $28.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 4th. The Goldman Sachs Group started coverage on Mosaic in a research report on Thursday, March 13th. They set a "buy" rating and a $31.00 price objective for the company. Morgan Stanley decreased their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Oppenheimer upgraded shares of Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target on the stock in a research note on Thursday, March 20th. Finally, CIBC initiated 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $32.67.

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.