Wealth Enhancement Advisory Services LLC Has $2.18 Million Stock Holdings in The Mosaic Company $MOS

Wealth Enhancement Advisory Services LLC decreased its holdings in The Mosaic Company (NYSE:MOS) by 36.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,526 shares of the basic materials company’s stock after selling 48,797 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mosaic were worth $2,179,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC lifted its position in Mosaic by 632.6% in the 3rd quarter. AQR Capital Management LLC now owns 8,447,324 shares of the basic materials company’s stock worth $291,348,000 after buying an additional 7,294,205 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mosaic by 102.3% in the third quarter. Bank of New York Mellon Corp now owns 7,701,610 shares of the basic materials company’s stock worth $267,092,000 after acquiring an additional 3,894,947 shares during the last quarter. Merewether Investment Management LP purchased a new stake in shares of Mosaic during the second quarter worth $72,380,000. Dimensional Fund Advisors LP boosted its position in Mosaic by 11.4% during the third quarter. Dimensional Fund Advisors LP now owns 12,576,151 shares of the basic materials company’s stock valued at $436,140,000 after purchasing an additional 1,285,883 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Mosaic by 60.1% during the third quarter. Truist Financial Corp now owns 3,237,903 shares of the basic materials company’s stock valued at $112,290,000 after purchasing an additional 1,215,063 shares during the last quarter. 77.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MOS shares. Royal Bank Of Canada cut their price target on Mosaic from $29.00 to $28.00 and set a “sector perform” rating for the company in a research note on Thursday, February 26th. Weiss Ratings upgraded Mosaic from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 20th. Wolfe Research cut their price objective on shares of Mosaic from $37.00 to $36.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Bank of America cut shares of Mosaic from a “buy” rating to a “neutral” rating and reduced their target price for the company from $33.00 to $30.00 in a research note on Friday, March 20th. Finally, Oppenheimer set a $35.00 target price on shares of Mosaic in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $30.27.

Mosaic Stock Performance

NYSE:MOS opened at $26.14 on Friday. The firm’s 50-day moving average is $27.72 and its 200-day moving average is $27.71. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 2.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 1.32. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23.

Mosaic (NYSE:MOS) last released its quarterly earnings data on Tuesday, February 24th. The basic materials company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.26). The business had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.02 billion. Mosaic had a return on equity of 5.80% and a net margin of 4.49%.Mosaic’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 earnings per share. Equities research analysts anticipate that The Mosaic Company will post 2.04 earnings per share for the current year.

Mosaic Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 21st will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Thursday, May 21st. Mosaic’s payout ratio is presently 52.07%.

Mosaic Company Profile

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.