Advisor Group Inc. Raises Stake in Monsanto Company (MON)
Advisor Group Inc. raised its holdings in shares of Monsanto Company (NYSE:MON) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,813 shares of the basic materials company’s stock after acquiring an additional 889 shares during the quarter. Advisor Group Inc.’s holdings in Monsanto were worth $2,735,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of MON. Pinnacle Financial Partners Inc. bought a new position in shares of Monsanto during the 2nd quarter worth approximately $114,000. Bruderman Asset Management LLC bought a new position in shares of Monsanto during the 2nd quarter worth approximately $116,000. Tower Research Capital LLC TRC grew its stake in shares of Monsanto by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 750 shares in the last quarter. Armbruster Capital Management Inc. grew its stake in shares of Monsanto by 12.2% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 125 shares in the last quarter. Finally, Enterprise Financial Services Corp grew its stake in shares of Monsanto by 1.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 16 shares in the last quarter. 74.50% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $128.00 price target on shares of Monsanto in a research note on Wednesday. Barclays PLC reaffirmed an “equal weight” rating and set a $124.00 price target (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a report on Thursday, October 5th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Vetr downgraded Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price objective for the company. in a report on Wednesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Monsanto currently has an average rating of “Hold” and a consensus target price of $124.61.
In other news, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.00, for a total transaction of $343,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.03, for a total value of $2,717,479.20. Following the sale, the chief operating officer now directly owns 85,439 shares of the company’s stock, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Insiders have sold a total of 49,236 shares of company stock valued at $5,931,934 in the last ninety days. Insiders own 0.79% of the company’s stock.
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Shares of Monsanto Company (MON) opened at $117.26 on Thursday. Monsanto Company has a twelve month low of $99.38 and a twelve month high of $122.79. The stock has a market capitalization of $51,860.00, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Monsanto Company will post 5.74 earnings per share for the current fiscal year.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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