Envestnet Asset Management Inc. Boosts Holdings in The Mosaic Company $MOS

Envestnet Asset Management Inc. boosted its holdings in shares of The Mosaic Company (NYSE:MOS) by 1,298.9% in the second quarter, HoldingsChannel.com reports. The fund owned 1,157,804 shares of the basic materials company’s stock after buying an additional 1,075,038 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mosaic were worth $42,237,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Boston Partners raised its position in shares of Mosaic by 42.2% during the 1st quarter. Boston Partners now owns 7,979,380 shares of the basic materials company’s stock worth $215,540,000 after purchasing an additional 2,368,094 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Mosaic during the 1st quarter valued at $54,953,000. Truist Financial Corp increased its position in Mosaic by 13,275.9% during the second quarter. Truist Financial Corp now owns 2,022,840 shares of the basic materials company’s stock worth $73,793,000 after buying an additional 2,007,717 shares in the last quarter. GMT Capital Corp acquired a new position in shares of Mosaic in the first quarter worth $47,211,000. Finally, Nuveen LLC acquired a new position in shares of Mosaic in the first quarter worth $33,897,000. 77.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho set a $34.00 price objective on Mosaic in a research report on Monday, October 20th. UBS Group decreased their price target on shares of Mosaic from $44.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wells Fargo & Company cut their price objective on shares of Mosaic from $34.00 to $32.00 and set an “equal weight” rating for the company in a research report on Thursday, October 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Mosaic in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada cut shares of Mosaic from an “outperform” rating to a “sector perform” rating and set a $30.00 target price for the company. in a research note on Friday, October 10th. One 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.23.

Mosaic Stock Performance

Shares of MOS stock opened at $27.45 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 0.94 and a beta of 1.00. The Mosaic Company has a one year low of $22.36 and a one year high of $38.23. The company has a 50 day moving average price of $32.45 and a 200 day moving average price of $33.54.

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

Mosaic Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Shareholders 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 yield of 3.2%. The ex-dividend date of this dividend was Monday, September 8th. Mosaic’s payout ratio is 29.83%.

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.