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

Envestnet Portfolio Solutions Inc. decreased its stake in The Mosaic Company (NYSE:MOS) by 24.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Mosaic by 172.5% in 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 in the last quarter. Rothschild Investment LLC lifted its holdings in shares of 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. acquired a new stake in shares of Mosaic in the 2nd quarter valued at about $28,000. True Wealth Design LLC grew 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 buying an additional 764 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new position in Mosaic during the 2nd quarter worth approximately $31,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MOS has been the topic of a number of research reports. Mizuho lowered their target price on shares of Mosaic from $31.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Wolfe Research decreased their target price on shares of Mosaic from $41.00 to $38.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Barclays dropped their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 9th. Wells Fargo & Company decreased their price objective on Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a research report on Friday. Finally, Oppenheimer set a $35.00 target price on Mosaic in a report on Friday, January 16th. Six equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Mosaic presently has an average rating of “Hold” and an average price target of $31.50.

Mosaic Stock Down 1.6%

Shares of NYSE MOS opened at $28.34 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40. The firm’s 50-day moving average is $25.05 and its two-hundred day moving average is $29.76. The company has a market capitalization 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 Mosaic Company has a 12-month low of $22.36 and a 12-month high of $38.23.

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

Mosaic Announces Dividend

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

Mosaic Company Profile

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.