Wealth Enhancement Advisory Services LLC Has $4.79 Million Stock Holdings in The Mosaic Company $MOS

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of The Mosaic Company (NYSE:MOS) by 128.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 135,323 shares of the basic materials company’s stock after purchasing an additional 76,101 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mosaic were worth $4,792,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its position in Mosaic by 2.8% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 12,149 shares of the basic materials company’s stock worth $447,000 after purchasing an additional 333 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Mosaic by 27.8% in the first quarter. NewEdge Advisors LLC now owns 1,749 shares of the basic materials company’s stock valued at $47,000 after buying an additional 380 shares during the period. Abundance Wealth Counselors raised its position in shares of Mosaic by 1.8% during the second quarter. Abundance Wealth Counselors now owns 22,777 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 413 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Mosaic by 172.5% in the second quarter. First Horizon Advisors Inc. now owns 684 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 433 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Mosaic by 11.5% in the third quarter. Exchange Traded Concepts LLC now owns 4,300 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 444 shares during the last quarter. Institutional investors own 77.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Oppenheimer set a $35.00 price target on shares of Mosaic in a report on Friday, January 16th. CIBC decreased their target price on Mosaic from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. HSBC lowered their target price on Mosaic from $35.00 to $26.00 and set a “hold” rating for the company in a report on Monday, November 24th. Morgan Stanley increased their price target on Mosaic from $33.00 to $35.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Finally, UBS Group dropped their target price on shares of Mosaic from $38.00 to $33.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mosaic has an average rating of “Hold” and an average target price of $31.50.

Mosaic Stock Down 1.6%

MOS opened at $28.34 on Tuesday. 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 $9.00 billion, a P/E ratio of 7.34, a PEG ratio of 1.30 and a beta of 0.94. The company’s 50-day moving average is $25.05 and its 200 day moving average is $29.76. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.14 and a quick ratio of 0.40.

Mosaic (NYSE:MOS) last posted its quarterly earnings data on Tuesday, November 4th. The basic materials company reported $1.04 EPS for the quarter, beating the consensus estimate of $1.03 by $0.01. Mosaic had a net margin of 10.33% and a return on equity of 6.46%. The firm had revenue of $3.45 billion during the quarter, compared to analyst estimates of $3.87 billion. During the same quarter last year, the business posted $0.34 EPS. The company’s revenue for the quarter was up 22.8% 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Shareholders of record on Monday, March 9th will be given a $0.22 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.88 annualized dividend and a yield of 3.1%. Mosaic’s payout ratio is currently 22.80%.

About Mosaic

Mosaic Co is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. The company’s primary business activities center on the extraction, processing and distribution of phosphate rock, phosphate-based fertilizers and potash products. These core nutrients are essential components in modern agriculture, supporting crop yields and soil health across a range of farming applications.

In its phosphate segment, Mosaic operates mining and production facilities that convert phosphate rock into concentrated phosphates, finished phosphate fertilizers and feed phosphates for animal nutrition.