Pillar Pacific Capital Management LLC lowered its stake in shares of Monsanto Company (NYSE:MON) by 3.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 47,054 shares of the basic materials company’s stock after selling 1,865 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Monsanto were worth $5,638,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MON. Boston Private Wealth LLC lifted its stake in Monsanto by 6.6% during the 1st quarter. Boston Private Wealth LLC now owns 4,820 shares of the basic materials company’s stock valued at $546,000 after acquiring an additional 300 shares during the period. HRT Financial LLC bought a new position in Monsanto during the 1st quarter valued at about $488,000. Traynor Capital Management Inc. lifted its stake in Monsanto by 19.8% during the 1st quarter. Traynor Capital Management Inc. now owns 4,543 shares of the basic materials company’s stock valued at $531,000 after acquiring an additional 752 shares during the period. Covington Investment Advisors Inc. lifted its stake in Monsanto by 2.5% during the 1st quarter. Covington Investment Advisors Inc. now owns 20,425 shares of the basic materials company’s stock valued at $2,312,000 after acquiring an additional 490 shares during the period. Finally, Municipal Employees Retirement System of Michigan lifted its stake in Monsanto by 1.1% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 14,130 shares of the basic materials company’s stock valued at $1,600,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 74.70% of the company’s stock.

Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. Monsanto’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business earned $0.07 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 6th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, October 5th. Monsanto’s dividend payout ratio is currently 42.27%.

In related news, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction that occurred 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 directly owns 85,439 shares in the company, valued at $10,255,243.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of Monsanto stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $122.00, for a total value of $527,040.00. Following the transaction, the chief financial officer now owns 48,388 shares of the company’s stock, valued at $5,903,336. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by company insiders.

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Several equities analysts have issued reports on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 target price on the stock in a research note on Monday, September 4th. BMO Capital Markets restated a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 1st. Jefferies Group LLC restated a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 15th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price on the stock in a research note on Thursday, July 6th. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $124.61.

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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