Pathstone Family Office LLC Acquires 11,243 Shares of The Mosaic Company (NYSE:MOS)

Pathstone Family Office LLC boosted its holdings in shares of The Mosaic Company (NYSE:MOSFree Report) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,821 shares of the basic materials company’s stock after acquiring an additional 11,243 shares during the quarter. Pathstone Family Office LLC’s holdings in Mosaic were worth $1,631,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Mosaic by 4.4% during the 2nd quarter. BlackRock Inc. now owns 28,240,911 shares of the basic materials company’s stock valued at $988,432,000 after acquiring an additional 1,197,588 shares during the period. State Street Corp lifted its holdings in shares of Mosaic by 4.3% in the 2nd quarter. State Street Corp now owns 18,064,594 shares of the basic materials company’s stock worth $632,261,000 after buying an additional 748,511 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mosaic by 2.3% in the 1st quarter. Geode Capital Management LLC now owns 7,230,422 shares of the basic materials company’s stock worth $332,410,000 after buying an additional 160,329 shares during the period. Capital International Investors purchased a new stake in shares of Mosaic in the 1st quarter worth $412,663,000. Finally, Bank of America Corp DE lifted its holdings in shares of Mosaic by 38.1% in the 1st quarter. Bank of America Corp DE now owns 5,687,831 shares of the basic materials company’s stock worth $260,958,000 after buying an additional 1,570,465 shares during the period. Hedge funds and other institutional investors own 84.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on Mosaic from $54.00 to $48.00 and set a “buy” rating for the company in a report on Thursday, February 1st. Royal Bank of Canada decreased their price objective on Mosaic from $40.00 to $35.00 and set a “sector perform” rating for the company in a research note on Thursday, November 9th. Barclays upgraded Mosaic from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $40.00 to $42.00 in a research note on Tuesday, November 14th. Wells Fargo & Company decreased their price objective on Mosaic from $36.00 to $34.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Mizuho cut Mosaic from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $42.00 to $34.00 in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Mosaic has a consensus rating of “Hold” and a consensus price target of $43.06.

View Our Latest Research Report on Mosaic

Mosaic Trading Down 0.6 %

Mosaic stock opened at $29.92 on Monday. The stock has a 50-day moving average of $34.03 and a two-hundred day moving average of $35.92. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 1.10. The Mosaic Company has a one year low of $29.74 and a one year high of $57.46. The stock has a market cap of $9.78 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.50.

Mosaic Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Thursday, March 7th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.81%. This is a boost from Mosaic’s previous quarterly dividend of $0.20. The ex-dividend date is Wednesday, March 6th. Mosaic’s dividend payout ratio (DPR) is presently 20.51%.

Mosaic Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mosaic (NYSE:MOS)

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