Envestnet Portfolio Solutions Inc. Has $3.40 Million Holdings in The Mosaic Company $MOS

Envestnet Portfolio Solutions Inc. cut its stake in shares of The Mosaic Company (NYSE:MOS) by 19.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,174 shares of the basic materials company’s stock after selling 22,927 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mosaic were worth $3,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MOS. Bangor Savings Bank bought a new position in Mosaic during the second quarter worth $26,000. Geneos Wealth Management Inc. boosted its stake in 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 acquiring an additional 601 shares in the last quarter. Allworth Financial LP boosted its stake in Mosaic by 102.3% during the first quarter. Allworth Financial LP now owns 1,062 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 537 shares in the last quarter. Reyes Financial Architecture Inc. bought a new position in Mosaic during the second quarter worth $31,000. Finally, Grove Bank & Trust boosted its stake in Mosaic by 88.8% during the second quarter. Grove Bank & Trust now owns 1,008 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 474 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Mosaic Stock Down 0.5%

MOS opened at $29.80 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.44. The company’s 50-day moving average is $33.19 and its 200 day moving average is $33.09. The Mosaic Company has a fifty-two week low of $22.36 and a fifty-two week high of $38.23. The firm has a market capitalization of $9.46 billion, a P/E ratio of 10.10, a PEG ratio of 1.46 and a beta of 1.00.

Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The firm had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same period in the previous year, the business earned $0.54 earnings per share. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. Research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s dividend payout ratio (DPR) is presently 29.83%.

Wall Street Analyst Weigh In

MOS has been the topic of several research analyst reports. Zacks Research lowered shares of Mosaic from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 9th. Wall Street Zen lowered shares of Mosaic from a “buy” rating to a “hold” rating in a research note on Saturday, September 13th. JPMorgan Chase & Co. raised their price objective on shares of Mosaic from $35.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 11th. Bank of America dropped their price objective on shares of Mosaic from $49.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Scotiabank lowered shares of Mosaic from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $39.00 to $34.00 in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $35.15.

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.