Wealth Enhancement Advisory Services LLC Acquires 7,828 Shares of The Mosaic Company (NYSE:MOS)

Wealth Enhancement Advisory Services LLC lifted its stake in The Mosaic Company (NYSE:MOS) by 19.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,186 shares of the basic materials company’s stock after acquiring an additional 7,828 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Mosaic were worth $1,275,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jackson Square Capital LLC acquired a new position in Mosaic during the 1st quarter valued at $1,861,000. CVA Family Office LLC increased its holdings in shares of Mosaic by 114.0% during the 1st quarter. CVA Family Office LLC now owns 3,650 shares of the basic materials company’s stock worth $99,000 after purchasing an additional 1,944 shares during the period. Paragon Capital Management Ltd bought a new position in shares of Mosaic during the 1st quarter worth about $214,000. Willis Investment Counsel raised its position in shares of Mosaic by 5.8% during the first quarter. Willis Investment Counsel now owns 135,138 shares of the basic materials company’s stock valued at $3,650,000 after buying an additional 7,360 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Mosaic in the first quarter valued at about $27,000. Institutional investors and hedge funds own 77.54% of the company’s stock.

Mosaic Stock Up 3.3%

Shares of NYSE MOS opened at $36.49 on Tuesday. The Mosaic Company has a 52-week low of $22.36 and a 52-week high of $37.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.44 and a current ratio of 1.12. The business has a fifty day moving average of $33.99 and a two-hundred day moving average of $28.77. The stock has a market cap of $11.58 billion, a PE ratio of 31.46, a PEG ratio of 2.06 and a beta of 1.14.

Mosaic (NYSE:MOS) last announced its quarterly earnings results on Tuesday, May 6th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.70 billion. Mosaic had a net margin of 3.32% and a return on equity of 4.91%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the firm posted $0.65 EPS. As a group, equities research analysts expect that The Mosaic Company will post 2.04 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Walter F. Precourt III sold 18,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 128,546 shares of the company’s stock, valued at $4,592,948.58. The trade was a 12.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on MOS shares. CIBC lifted their target price on Mosaic from $32.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, May 9th. UBS Group raised their price objective on Mosaic from $28.00 to $31.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Barclays restated an “overweight” rating and set a $40.00 price objective (up from $33.00) on shares of Mosaic in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their target price on Mosaic from $29.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, May 9th. Finally, Oppenheimer raised their target price on Mosaic from $33.00 to $40.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.58.

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.