Wealth Enhancement Advisory Services LLC Has $2.21 Million Stock Position in The Mosaic Company $MOS

Key Points

• Wealth Enhancement Advisory Services LLC increased its position in The Mosaic Company by 25.5%, acquiring a total of 59,222 shares valued at approximately $2.21 million as of the end of the last quarter.
• The Mosaic Company reported quarterly earnings of $0.51 per share, missing analysts' estimates of $0.71, with a revenue of $3.01 billion for the quarter.
• Mosaic announced a quarterly dividend of $0.22 per share, translating to an annualized yield of 2.5%, with a payout ratio of approximately 29.83%.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of The Mosaic Company (NYSE:MOS - Free Report) by 25.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,222 shares of the basic materials company's stock after purchasing an additional 12,036 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Mosaic were worth $2,207,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in Mosaic by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 11,497,545 shares of the basic materials company's stock worth $310,549,000 after purchasing an additional 456,327 shares during the period. Boston Partners grew its stake in Mosaic by 42.2% in the first quarter. Boston Partners now owns 7,979,380 shares of the basic materials company's stock valued at $215,540,000 after acquiring an additional 2,368,094 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Mosaic by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,595,452 shares of the basic materials company's stock valued at $97,113,000 after buying an additional 226,856 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Mosaic during the first quarter valued at approximately $54,953,000. Finally, Allianz Asset Management GmbH boosted its position in shares of Mosaic by 21.9% during the first quarter. Allianz Asset Management GmbH now owns 1,942,263 shares of the basic materials company's stock valued at $52,461,000 after buying an additional 348,349 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company's stock.

Mosaic Stock Performance

NYSE:MOS opened at $35.30 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.44 and a current ratio of 1.14. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $38.23. The firm has a market cap of $11.20 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 1.64 and a beta of 0.99. The business's fifty day moving average is $33.86 and its 200 day moving average is $32.63.

Mosaic (NYSE:MOS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.20). Mosaic had a net margin of 8.35% and a return on equity of 4.74%. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The business's revenue for the quarter was up 6.7% compared to the same quarter last year. Research analysts predict that The Mosaic Company will post 2.04 EPS for the current year.

Mosaic Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, September 8th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. Mosaic's payout ratio is presently 29.83%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Mosaic from $35.00 to $37.00 and gave the company an "overweight" rating in a research report on Monday, August 11th. Zacks Research upgraded Mosaic from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 14th. Oppenheimer reiterated an "outperform" rating and set a $43.00 price target (up from $39.00) on shares of Mosaic in a report on Tuesday, July 15th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Mosaic in a report on Monday, July 14th. Finally, UBS Group lifted their price target on Mosaic from $45.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.42.

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.

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