The Mosaic Company (NYSE:MOS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of The Mosaic Company (NYSE:MOS) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,213 shares of the basic materials company’s stock after selling 31,929 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mosaic were worth $2,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Intellectus Partners LLC grew its holdings in Mosaic by 3.3% in the fourth quarter. Intellectus Partners LLC now owns 12,350 shares of the basic materials company’s stock valued at $304,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System lifted its position in shares of Mosaic by 0.5% during the 4th quarter. Arizona State Retirement System now owns 92,550 shares of the basic materials company’s stock valued at $2,275,000 after buying an additional 471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Mosaic by 1.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 32,516 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 570 shares during the period. Brooklyn Investment Group increased its holdings in Mosaic by 110.8% in the 4th quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 587 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its position in Mosaic by 7.0% during the fourth quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 9,524 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 619 shares during the period. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MOS has been the topic of several research analyst reports. The Goldman Sachs Group began coverage on shares of Mosaic in a research report on Thursday, March 13th. They issued a “buy” rating and a $31.00 target price on the stock. Oppenheimer upgraded Mosaic from a “market perform” rating to an “outperform” rating and set a $33.00 price objective for the company in a research note on Thursday, March 20th. Scotiabank raised their target price on Mosaic from $31.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Wednesday, March 19th. BNP Paribas raised Mosaic to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Morgan Stanley reduced their price objective 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. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.42.

Mosaic Trading Up 0.7 %

Shares of MOS stock opened at $29.12 on Friday. 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 Mosaic Company has a twelve month low of $22.36 and a twelve month high of $32.29. The company’s 50-day moving average price is $25.97 and its 200-day moving average price is $26.21. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 25.77, a PEG ratio of 1.42 and a beta of 1.04.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 annualized dividend and a yield of 3.02%. Mosaic’s payout ratio is 160.00%.

Mosaic Company 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.