The Mosaic Company (NYSE:MOS) Holdings Decreased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its holdings in The Mosaic Company (NYSE:MOS - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,213 shares of the basic materials company's stock after selling 31,929 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Mosaic were worth $2,389,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brooklyn Investment Group raised its stake in shares of Mosaic by 110.8% in the fourth quarter. Brooklyn Investment Group now owns 1,117 shares of the basic materials company's stock worth $27,000 after purchasing an additional 587 shares during the last quarter. R Squared Ltd bought a new stake in Mosaic in the 4th quarter worth approximately $33,000. Tobam bought a new position in shares of Mosaic during the 4th quarter valued at $38,000. Heck Capital Advisors LLC purchased a new position in shares of Mosaic in the 4th quarter worth $41,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Mosaic in the fourth quarter worth $55,000. Institutional investors own 77.54% of the company's stock.

Mosaic Price Performance

Shares of NYSE MOS traded up $0.27 during trading on Thursday, hitting $30.67. 1,144,353 shares of the company were exchanged, compared to its average volume of 4,619,606. The firm's fifty day moving average price is $26.19 and its 200 day moving average price is $26.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.19 and a quick ratio of 0.49. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.42 and a beta of 1.04. The Mosaic Company has a 1 year low of $22.36 and a 1 year high of $32.29.

Mosaic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 2.87%. Mosaic's payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Morgan Stanley dropped 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. UBS Group dropped their price target on Mosaic from $29.00 to $28.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. 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, March 20th. Mizuho reduced their target price on Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, BNP Paribas upgraded shares of Mosaic to a "strong-buy" rating in a research note on Wednesday, April 9th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.42.

About Mosaic

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.