The Mosaic Company $MOS Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lessened its stake in shares of The Mosaic Company (NYSE:MOS) by 24.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,928 shares of the basic materials company’s stock after selling 23,246 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Mosaic were worth $2,425,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Mosaic by 172.5% during the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 433 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Mosaic by 169.3% during the first quarter. Geneos Wealth Management Inc. now owns 956 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 601 shares in the last quarter. Rothschild Investment LLC raised its stake in Mosaic by 650.0% in the 2nd quarter. Rothschild Investment LLC now owns 750 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 650 shares during the last quarter. Rexford Capital Inc. purchased a new position in Mosaic in the 2nd quarter valued at $28,000. Finally, True Wealth Design LLC boosted its stake in Mosaic by 1,819.0% during the 3rd quarter. True Wealth Design LLC now owns 806 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 764 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Mosaic Trading Down 1.6%

Shares of MOS stock opened at $28.34 on Tuesday. The Mosaic Company has a 1-year low of $22.36 and a 1-year high of $38.23. The firm has a market cap of $9.00 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a 50-day moving average of $25.05 and a two-hundred day moving average of $29.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.01. The business had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.87 billion. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. During the same period last year, the business earned $0.34 earnings per share. On average, analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 19th. Investors of record on Monday, March 9th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.1%. Mosaic’s dividend payout ratio is presently 22.80%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Bank of America decreased their price target on shares of Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Barclays lowered their target price on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a report on Tuesday, December 9th. Royal Bank Of Canada increased their price target on Mosaic from $27.00 to $29.00 and gave the company a “sector perform” rating in a report on Tuesday, January 20th. Wolfe Research lowered their price objective on Mosaic from $41.00 to $38.00 and set an “outperform” rating on the stock in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. Six equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, Mosaic presently has an average rating of “Hold” and a consensus price target of $31.50.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.