Monsanto Company (MON) Stake Decreased by Advisors Asset Management Inc.
Advisors Asset Management Inc. reduced its holdings in Monsanto Company (NYSE:MON) by 94.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 953 shares of the basic materials company’s stock after selling 15,707 shares during the quarter. Advisors Asset Management Inc.’s holdings in Monsanto were worth $114,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC lifted its position in shares of Monsanto by 0.7% in the second quarter. Franklin Street Advisors Inc. NC now owns 77,860 shares of the basic materials company’s stock valued at $9,216,000 after acquiring an additional 540 shares in the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of Monsanto by 16.5% in the second quarter. St. Johns Investment Management Company LLC now owns 6,296 shares of the basic materials company’s stock worth $745,000 after buying an additional 892 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Monsanto by 524.6% during the second quarter. Mn Services Vermogensbeheer B.V. now owns 72,987 shares of the basic materials company’s stock valued at $8,639,000 after purchasing an additional 61,301 shares during the period. LeJeune Puetz Investment Counsel LLC raised its position in Monsanto by 14.2% during the second quarter. LeJeune Puetz Investment Counsel LLC now owns 3,025 shares of the basic materials company’s stock valued at $358,000 after purchasing an additional 375 shares during the period. Finally, LVM Capital Management Ltd. MI raised its position in Monsanto by 13.9% during the second quarter. LVM Capital Management Ltd. MI now owns 2,462 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 300 shares during the period. Institutional investors own 75.70% of the company’s stock.
A number of equities research analysts have issued reports on MON shares. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Monday, September 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Friday, September 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Jefferies Group reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 15th. Finally, BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Monsanto presently has an average rating of “Hold” and a consensus target price of $124.61.
Monsanto Company (NYSE:MON) opened at $117.30 on Friday. The firm has a market capitalization of $51,943.60, a PE ratio of 21.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04. Monsanto Company has a 52 week low of $104.08 and a 52 week high of $122.79. 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 (NYSE:MON) last posted its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm earned $0.07 EPS. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Monsanto Company will post 5.74 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, January 4th. Monsanto’s payout ratio is 42.27%.
In other news, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.00, for a total transaction of $343,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the sale, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,236 shares of company stock worth $5,931,934. 0.79% of the stock is currently 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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