Highbridge Capital Management LLC Trims Position in Monsanto Company (MON)
Highbridge Capital Management LLC lessened its stake in Monsanto Company (NYSE:MON) by 33.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 200,000 shares of the basic materials company’s stock after selling 100,000 shares during the period. Highbridge Capital Management LLC’s holdings in Monsanto were worth $23,964,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp raised its position in Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 16 shares in the last quarter. Forward Management LLC raised its position in Monsanto by 0.5% in the second quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 16 shares in the last quarter. Lee Financial Co raised its position in Monsanto by 0.3% in the second quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Savant Capital LLC raised its position in Monsanto by 0.6% in the second quarter. Savant Capital LLC now owns 3,102 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 20 shares in the last quarter. Finally, MAI Capital Management raised its position in Monsanto by 0.8% in the second quarter. MAI Capital Management now owns 2,980 shares of the basic materials company’s stock worth $353,000 after purchasing an additional 24 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.
Monsanto Company (NYSE MON) traded down $0.70 during midday trading on Monday, hitting $117.30. 5,241,700 shares of the stock traded hands, compared to its average volume of 1,971,064. The firm has a market capitalization of $51,740.00, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. 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 Company has a 12 month low of $104.08 and a 12 month high of $122.79.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The company’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.07 earnings per share. research analysts expect that Monsanto Company will post 5.74 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Thursday, January 4th. Monsanto’s payout ratio is 42.52%.
Several research analysts recently issued reports on MON shares. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research report on Monday, September 4th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research report on Friday, September 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research report on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research report on Friday, September 15th. Finally, BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $124.61.
In related news, COO Brett D. Begemann sold 22,640 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.03, for a total value of $2,717,479.20. Following the completion of the sale, the chief operating officer now owns 85,439 shares of the company’s stock, valued at $10,255,243.17. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven Mizell sold 11,526 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $119.70, for a total transaction of $1,379,662.20. The disclosure for this sale can be found here. In the last three months, insiders sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is currently owned by company insiders.
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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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