115,233 Shares in The Mosaic Company (NYSE:MOS) Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. purchased a new position in The Mosaic Company (NYSE:MOS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 115,233 shares of the basic materials company's stock, valued at approximately $2,832,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MOS. Allianz Asset Management GmbH boosted its holdings in Mosaic by 190.8% in the 4th quarter. Allianz Asset Management GmbH now owns 1,593,914 shares of the basic materials company's stock worth $39,178,000 after acquiring an additional 1,045,812 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Mosaic by 44.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,218,410 shares of the basic materials company's stock worth $86,189,000 after acquiring an additional 986,812 shares during the period. Two Sigma Advisers LP raised its position in shares of Mosaic by 40.6% in the 3rd quarter. Two Sigma Advisers LP now owns 3,279,200 shares of the basic materials company's stock valued at $87,817,000 after purchasing an additional 947,500 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Mosaic by 13.9% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 2,939,404 shares of the basic materials company's stock valued at $78,717,000 after purchasing an additional 359,760 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mosaic by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,351,351 shares of the basic materials company's stock valued at $228,018,000 after purchasing an additional 178,844 shares in the last quarter. Hedge funds and other institutional investors own 77.54% of the company's stock.

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Analyst Ratings Changes

A number of equities analysts have issued reports on MOS shares. Scotiabank upped their target price on Mosaic from $31.00 to $34.00 and gave the company a "sector outperform" rating in a research report on Wednesday. Oppenheimer raised Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 target price on the stock in a research report on Thursday. Mizuho cut their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research report on Monday, March 3rd. Morgan Stanley cut their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Finally, CIBC assumed coverage on Mosaic in a research report on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.67.

Mosaic Stock Performance

MOS traded down $0.55 during trading on Friday, reaching $27.83. 7,382,409 shares of the company were exchanged, compared to its average volume of 4,291,115. The stock has a market cap of $8.82 billion, a P/E ratio of 24.63, a PEG ratio of 1.42 and a beta of 1.34. The firm has a 50 day moving average of $26.54 and a 200 day moving average of $26.16. The company has a current ratio of 1.19, a quick ratio of 0.49 and a debt-to-equity ratio of 0.27. The Mosaic Company has a 52 week low of $22.48 and a 52 week high of $33.44.

Mosaic Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.16%. Mosaic's payout ratio is currently 160.00%.

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.