Chesley Taft & Associates LLC reduced its position in shares of Monsanto Company (NYSE:MON) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,746 shares of the basic materials company’s stock after selling 575 shares during the period. Chesley Taft & Associates LLC’s holdings in Monsanto were worth $7,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. First PREMIER Bank boosted its stake in Monsanto by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock worth $102,000 after buying an additional 36 shares in the last quarter. Whitnell & Co. boosted its stake in Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock worth $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. bought a new stake in Monsanto during the first quarter worth approximately $113,000. Acrospire Investment Management LLC bought a new stake in Monsanto during the first quarter worth approximately $113,000. Finally, JNBA Financial Advisors boosted its stake in Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after buying an additional 45 shares in the last quarter. 75.31% of the stock is owned by institutional investors.

Shares of Monsanto Company (NYSE MON) traded down 0.18% during midday trading on Friday, reaching $116.73. 534,459 shares of the company traded hands. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The stock has a market capitalization of $51.28 billion, a price-to-earnings ratio of 25.21 and a beta of 1.07. The company’s 50 day moving average is $117.48 and its 200-day moving average is $115.03.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders 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 yield of 1.85%. Monsanto’s dividend payout ratio (DPR) is 46.75%.

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MON has been the subject of a number of research reports. Citigroup Inc. reissued a “neutral” rating and set a $125.00 target price (up previously from $122.00) on shares of Monsanto in a research note on Friday, April 14th. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Friday, June 16th. 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 note on Thursday, July 6th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $128.00 target price (up previously from $125.00) on shares of Monsanto in a research note on Tuesday, June 27th. 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 an average rating of “Hold” and an average target price of $123.15.

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