Choate Investment Advisors continued to hold its stake in Monsanto Company (NYSE:MON) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,968 shares of the basic materials company’s stock at the end of the second quarter. Choate Investment Advisors’ holdings in Monsanto were worth $233,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swiss National Bank raised its holdings in Monsanto by 25.6% in the 1st quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock worth $189,731,000 after acquiring an additional 341,400 shares during the last quarter. United Services Automobile Association raised its holdings in Monsanto by 5.6% in the 1st quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock worth $30,041,000 after acquiring an additional 14,076 shares during the last quarter. Nikko Asset Management Americas Inc. raised its holdings in Monsanto by 1.3% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock worth $53,345,000 after acquiring an additional 5,700 shares during the last quarter. Aviva PLC raised its holdings in Monsanto by 1.2% in the 2nd quarter. Aviva PLC now owns 304,501 shares of the basic materials company’s stock worth $36,052,000 after acquiring an additional 3,569 shares during the last quarter. Finally, WFG Advisors LP raised its holdings in Monsanto by 19.4% in the 1st quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 387 shares during the last quarter. Institutional investors own 74.78% of the company’s stock.

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In related news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the transaction, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Shares of Monsanto Company (NYSE MON) opened at 119.40 on Friday. The stock’s 50 day moving average is $117.37 and its 200-day moving average is $116.53. The company has a market cap of $52.46 billion, a P/E ratio of 25.79 and a beta of 1.07. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $119.60.

Monsanto (NYSE:MON) last issued its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the company posted $2.17 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Monsanto Company will post $4.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.81%. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a report on Thursday, September 14th. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. BMO Capital Markets reaffirmed a “buy” rating and issued a $128.00 target price on shares of Monsanto in a research report on Friday, September 1st. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research report on Tuesday, June 27th. Finally, Barclays PLC lifted their target price on shares of Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 29th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $124.09.

Monsanto Company Profile

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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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