The Mosaic Company $MOS Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in The Mosaic Company (NYSE:MOS) by 63.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,887,407 shares of the basic materials company’s stock after acquiring an additional 729,603 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mosaic were worth $65,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MOS. Fiduciary Alliance LLC purchased a new position in Mosaic in the third quarter worth $1,969,000. Hussman Strategic Advisors Inc. acquired a new position in shares of Mosaic during the 3rd quarter worth $2,913,000. Scotia Capital Inc. increased its holdings in shares of Mosaic by 395.1% in the 2nd quarter. Scotia Capital Inc. now owns 87,556 shares of the basic materials company’s stock valued at $3,194,000 after purchasing an additional 69,873 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Mosaic by 65.7% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 157,267 shares of the basic materials company’s stock valued at $5,682,000 after purchasing an additional 62,338 shares during the period. Finally, Gradient Investments LLC purchased a new stake in Mosaic during the third quarter worth about $12,678,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Mosaic Stock Performance

NYSE MOS opened at $28.70 on Monday. The company has a quick ratio of 0.40, a current ratio of 1.14 and a debt-to-equity ratio of 0.26. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The business has a fifty day moving average of $25.75 and a 200-day moving average of $29.26. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 1.29 and a beta of 0.97.

Mosaic Dividend Announcement

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%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Mosaic from $28.00 to $27.00 and set an “equal weight” rating for the company in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Mosaic in a report on Monday, December 29th. Zacks Research upgraded Mosaic from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 9th. Bank of America lowered their target price on Mosaic from $39.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Barclays cut their price target on Mosaic from $35.00 to $31.00 and set an “overweight” rating for the company in a research note on Tuesday, December 9th. Seven research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $31.50.

Mosaic 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.