Envestnet Asset Management Inc. Sells 14,447 Shares of The Mosaic Company (NYSE:MOS)

Envestnet Asset Management Inc. cut its stake in The Mosaic Company (NYSE:MOS - Free Report) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,766 shares of the basic materials company's stock after selling 14,447 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Mosaic were worth $2,236,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MOS. Invesco Ltd. grew its stake in shares of Mosaic by 29.3% during the 4th quarter. Invesco Ltd. now owns 13,507,131 shares of the basic materials company's stock worth $332,005,000 after acquiring an additional 3,058,243 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mosaic by 24.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,041,218 shares of the basic materials company's stock valued at $271,382,000 after buying an additional 2,151,426 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mosaic by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 8,621,001 shares of the basic materials company's stock valued at $218,751,000 after buying an additional 269,650 shares in the last quarter. Northern Trust Corp grew its stake in shares of Mosaic by 5.9% in the fourth quarter. Northern Trust Corp now owns 5,171,642 shares of the basic materials company's stock valued at $127,119,000 after buying an additional 287,493 shares in the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Mosaic by 21.7% in the fourth quarter. Two Sigma Advisers LP now owns 3,990,500 shares of the basic materials company's stock valued at $98,086,000 after buying an additional 711,300 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MOS. Oppenheimer reissued an "outperform" rating and issued a $43.00 target price (up from $39.00) on shares of Mosaic in a research note on Tuesday, July 15th. Wells Fargo & Company raised their target price on shares of Mosaic from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. Wall Street Zen raised shares of Mosaic from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Barclays raised their price target on Mosaic from $40.00 to $46.00 and gave the company an "overweight" rating in a report on Monday, July 7th. Finally, JPMorgan Chase & Co. raised their price target on Mosaic from $29.00 to $35.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mosaic has an average rating of "Moderate Buy" and an average target price of $36.75.

Mosaic Stock Performance

Shares of MOS traded down $0.70 during midday trading on Friday, reaching $35.31. 4,252,931 shares of the stock were exchanged, compared to its average volume of 4,009,220. The company has a market cap of $11.20 billion, a P/E ratio of 30.44, a PEG ratio of 1.63 and a beta of 1.12. The stock's 50 day simple moving average is $36.13 and its 200 day simple moving average is $30.60. The Mosaic Company has a twelve month low of $22.36 and a twelve month high of $38.23. The company has a quick ratio of 0.44, a current ratio of 1.12 and a debt-to-equity ratio of 0.28.

Mosaic (NYSE:MOS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. Mosaic had a return on equity of 4.91% and a net margin of 3.32%. The business had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. Mosaic's revenue for the quarter was down 2.2% compared to the same quarter last year. On average, sell-side analysts expect that The Mosaic Company will post 2.04 earnings per share for the current year.

Insider Transactions at Mosaic

In other Mosaic news, SVP Walter F. Precourt III sold 18,000 shares of Mosaic stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $35.73, for a total value of $643,140.00. Following the transaction, the senior vice president owned 128,546 shares in the company, valued at $4,592,948.58. The trade was a 12.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.

Mosaic 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.