Smith Moore & CO. lifted its stake in shares of Monsanto Company (NYSE:MON) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,697 shares of the basic materials company’s stock after acquiring an additional 791 shares during the quarter. Smith Moore & CO.’s holdings in Monsanto were worth $2,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Puplava Financial Services Inc. increased its stake in shares of Monsanto by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 9 shares during the period. Guardian Life Insurance Co. of America grew its position in 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 last quarter. Enterprise Financial Services Corp grew 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 buying an additional 16 shares during the last quarter. Forward Management LLC grew 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 buying an additional 16 shares during the last quarter. Finally, Lee Financial Co grew 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 buying an additional 17 shares during the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

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MON has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, September 4th. BMO Capital Markets restated a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research report on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research report on Friday, September 15th. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target on the stock in a research report on Wednesday, July 12th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $124.61.

In related news, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction on Monday, September 25th. The shares were sold at an average price of $120.00, for a total value of $343,200.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the completion of the transaction, the chief operating officer now owns 85,439 shares in the company, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by company insiders.

Monsanto Company (NYSE:MON) traded down $0.34 during mid-day trading on Tuesday, hitting $119.53. 1,407,478 shares of the company traded hands, compared to its average volume of 2,570,000. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.83 and a current ratio of 1.35. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $122.79. The firm has a market cap of $52,620.00, a price-to-earnings ratio of 21.68, a PEG ratio of 1.72 and a beta of 1.05.

Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.61. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business earned $0.07 EPS. Monsanto’s quarterly revenue was up 4.8% compared to the same quarter last year. sell-side analysts anticipate that Monsanto Company will post 5.74 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 6th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Thursday, October 5th. Monsanto’s payout ratio is presently 42.52%.

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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