Monsanto Company (NYSE:MON) Stake Maintained by First Financial Corp IN
First Financial Corp IN continued to hold its position in Monsanto Company (NYSE:MON) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,737 shares of the basic materials company’s stock at the end of the second quarter. First Financial Corp IN’s holdings in Monsanto were worth $206,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MON. Quadrant Capital Group LLC raised its stake in Monsanto by 3.3% in the first quarter. Quadrant Capital Group LLC now owns 1,918 shares of the basic materials company’s stock worth $207,000 after buying an additional 62 shares during the period. E&G Advisors LP bought a new stake in Monsanto during the first quarter worth $306,000. Bank of Montreal Can raised its stake in Monsanto by 17.2% in the first quarter. Bank of Montreal Can now owns 664,718 shares of the basic materials company’s stock worth $75,246,000 after buying an additional 97,355 shares during the period. First PREMIER Bank raised 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 during the period. Finally, Grassi Investment Management raised its stake in Monsanto by 0.9% in the first quarter. Grassi Investment Management now owns 47,275 shares of the basic materials company’s stock worth $5,352,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 75.31% of the company’s stock.
Shares of Monsanto Company (MON) traded down 0.25% on Thursday, hitting $117.05. The stock had a trading volume of 509,585 shares. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The firm has a market cap of $51.42 billion, a P/E ratio of 25.28 and a beta of 1.07. The firm’s 50-day moving average price is $117.49 and its 200 day moving average price is $115.01.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm earned $2.17 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. Analysts anticipate that Monsanto Company will post $4.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 7th were issued a $0.54 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.84%. Monsanto’s payout ratio is 46.75%.
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A number of equities research analysts have recently weighed in on the company. Vetr lowered Monsanto from a “buy” rating to a “hold” rating and set a $122.35 target price for the company. in a research note on Wednesday, August 2nd. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research note on Wednesday, August 2nd. BidaskClub lowered Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Jefferies Group LLC lowered 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. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $126.00 target price (up previously from $125.00) on shares of Monsanto in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $123.15.
In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the sale, the executive vice president now owns 55,011 shares of the company’s stock, valued at approximately $6,522,654.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is owned by insiders.
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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