ING Groep NV bought a new position in shares of Monsanto Company (NYSE:MON) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 57,417 shares of the basic materials company’s stock, valued at approximately $6,796,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock worth $2,965,029,000 after buying an additional 25,140,936 shares during the last quarter. State Street Corp raised its position in Monsanto by 1.2% in the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock worth $2,281,433,000 after buying an additional 234,582 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after buying an additional 499,639 shares during the last quarter. Geode Capital Management LLC raised its position in Monsanto by 7.7% in the first quarter. Geode Capital Management LLC now owns 4,125,879 shares of the basic materials company’s stock worth $466,359,000 after buying an additional 295,452 shares during the last quarter. Finally, Flossbach Von Storch AG raised its position in Monsanto by 33.9% in the first quarter. Flossbach Von Storch AG now owns 4,089,400 shares of the basic materials company’s stock worth $462,920,000 after buying an additional 1,034,400 shares during the last quarter. 75.31% of the stock is currently owned by institutional investors and hedge funds.

Monsanto Company (NYSE:MON) traded down 0.12% during mid-day trading on Friday, reaching $116.80. The company’s stock had a trading volume of 615,244 shares. The firm’s 50 day moving average price is $117.48 and its 200 day moving average price is $115.03. The firm has a market capitalization of $51.31 billion, a P/E ratio of 25.23 and a beta of 1.07. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $118.97.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.85%. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.

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MON has been the topic of a number of recent research reports. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a report on Friday, June 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price on the stock in a report on Thursday, July 6th. BidaskClub lowered Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 target price (up previously from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Finally, UBS AG lowered Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $123.15.

In other news, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at approximately $3,970,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Janet M. Holloway sold 3,337 shares of Monsanto stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $118.00, for a total value of $393,766.00. Following the transaction, the senior vice president now owns 44,405 shares in the company, valued at $5,239,790. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,470 shares of company stock worth $8,791,281. 0.79% of the stock is owned by insiders.

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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