Municipal Employees Retirement System of Michigan increased its position in shares of Monsanto Company (NYSE:MON) by 36.2% during the second quarter, Holdings Channel reports. The institutional investor owned 19,240 shares of the basic materials company’s stock after buying an additional 5,110 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Monsanto were worth $2,277,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Puplava Financial Services Inc. boosted its position in shares of Monsanto by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock worth $251,000 after buying an additional 9 shares during the period. Delta Asset Management LLC TN boosted its position in shares of Monsanto by 0.5% in the first quarter. Delta Asset Management LLC TN now owns 1,950 shares of the basic materials company’s stock worth $221,000 after buying an additional 10 shares during the period. Savant Capital LLC boosted its position in shares of Monsanto by 0.4% in the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock worth $349,000 after buying an additional 11 shares during the period. Guardian Life Insurance Co. of America boosted its position in shares of Monsanto by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock worth $191,000 after buying an additional 11 shares during the period. Finally, Greenwich Wealth Management LLC boosted its position in shares of Monsanto by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 2,565 shares of the basic materials company’s stock worth $290,000 after buying an additional 15 shares during the period. Institutional investors and hedge funds own 75.28% of the company’s stock.

Shares of Monsanto Company (NYSE MON) opened at 117.14 on Tuesday. The stock’s 50 day moving average is $117.47 and its 200 day moving average is $115.21. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The stock has a market cap of $51.46 billion, a P/E ratio of 25.30 and a beta of 1.07.

Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter last year, the company earned $2.17 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts predict that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The business 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 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, October 5th. Monsanto’s payout ratio is currently 46.75%.

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A number of research analysts recently weighed in on MON shares. 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 Friday, June 16th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a report on Thursday, July 6th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 price objective (up previously from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Monsanto has a consensus rating of “Hold” and an average target price of $123.15.

In other news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction that occurred 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. Insiders have sold 74,470 shares of company stock valued at $8,791,281 in the last three months. Corporate insiders own 0.79% of the company’s stock.

About Monsanto

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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