IFM Investors Pty Ltd Boosts Holdings in Monsanto Company (MON)
IFM Investors Pty Ltd raised its position in Monsanto Company (NYSE:MON) by 4.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,540 shares of the basic materials company’s stock after purchasing an additional 562 shares during the quarter. IFM Investors Pty Ltd’s holdings in Monsanto were worth $1,503,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Pinnacle Financial Partners Inc. acquired a new stake in shares of Monsanto in the second quarter valued at about $114,000. Bruderman Asset Management LLC acquired a new stake in shares of Monsanto in the second quarter valued at about $116,000. Tower Research Capital LLC TRC increased its stake in shares of Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock valued at $128,000 after buying an additional 750 shares during the period. Armbruster Capital Management Inc. increased its stake in shares of Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock valued at $136,000 after buying an additional 125 shares during the period. Finally, Enterprise Financial Services Corp increased its stake in shares of Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after buying an additional 16 shares during the period. 75.70% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on MON shares. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note 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 note 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 note on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research note on Friday, September 15th. Finally, BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $124.61.
Monsanto Company (NYSE:MON) traded down $0.07 during midday trading on Wednesday, reaching $117.66. The company had a trading volume of 2,870,400 shares, compared to its average volume of 1,975,319. Monsanto Company has a fifty-two week low of $104.08 and a fifty-two week high of $122.79. The firm has a market capitalization of $51,824.75, a PE ratio of 21.29, a P/E/G ratio of 1.69 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last released its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, topping 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 analysts’ expectations of $2.51 billion. During the same quarter last year, the firm posted $0.07 earnings per share. The firm’s revenue was up 4.8% on a year-over-year basis. sell-side analysts predict that Monsanto Company will post 5.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.16 annualized dividend and a yield of 1.84%. Monsanto’s dividend payout ratio is currently 42.27%.
In other Monsanto news, EVP Steven Mizell sold 11,526 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the transaction, the chief financial officer now owns 48,388 shares in the company, valued at approximately $5,903,336. The disclosure for this sale can be found here. Insiders have sold 49,236 shares of company stock valued at $5,931,934 in the last ninety days. 0.79% of the stock is currently owned by insiders.
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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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