Mn Services Vermogensbeheer B.V. increased its stake in Monsanto Company (NYSE:MON) by 524.6% during the second quarter, Holdings Channel reports. The firm owned 72,987 shares of the basic materials company’s stock after buying an additional 61,301 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Monsanto were worth $8,639,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Grassi Investment Management raised its stake in shares of Monsanto by 0.9% in the first quarter. Grassi Investment Management now owns 47,275 shares of the basic materials company’s stock valued at $5,352,000 after buying an additional 400 shares during the period. Prospera Financial Services Inc increased its position in shares of Monsanto by 90.8% in the first quarter. Prospera Financial Services Inc now owns 3,754 shares of the basic materials company’s stock worth $430,000 after buying an additional 1,786 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of Monsanto by 10.7% in the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 6,956 shares of the basic materials company’s stock worth $787,000 after buying an additional 675 shares in the last quarter. Pinnacle Bank acquired a new position in shares of Monsanto during the first quarter worth $274,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Monsanto during the first quarter worth $824,000. Institutional investors and hedge funds own 75.31% of the company’s stock.

Monsanto Company (NYSE:MON) traded down 0.33% on Friday, hitting $116.55. 1,012,471 shares of the company were exchanged. The company has a market capitalization of $51.20 billion, a P/E ratio of 25.17 and a beta of 1.07. The firm’s 50 day moving average is $117.47 and its 200 day moving average is $115.08. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $118.97.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s payout ratio is 46.75%.

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A number of equities analysts have weighed in on MON shares. 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. 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. Barclays PLC raised their target price on shares of Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, June 29th. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Jefferies Group LLC downgraded shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 target price for the company. in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. Monsanto presently has an average rating of “Hold” and a consensus target price of $123.15.

In other Monsanto news, SVP Janet M. Holloway sold 3,337 shares of the stock in a transaction 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 of the company’s stock, valued at $5,239,790. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Janet M. Holloway sold 7,423 shares of the stock in a transaction 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 in the company, valued at $3,970,110. 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. Insiders own 0.79% of the company’s stock.

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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