Moon Capital Management LLC Acquires 130 Shares of Monsanto Company (MON)
Moon Capital Management LLC raised its stake in shares of Monsanto Company (NYSE:MON) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,815 shares of the basic materials company’s stock after buying an additional 130 shares during the period. Monsanto makes up about 2.4% of Moon Capital Management LLC’s holdings, making the stock its 17th largest position. Moon Capital Management LLC’s holdings in Monsanto were worth $2,227,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Swiss National Bank increased its position in Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after buying an additional 341,400 shares during the period. United Services Automobile Association increased its position in Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after buying an additional 14,076 shares during the period. Fisher Asset Management LLC bought a new position in Monsanto during the first quarter valued at $213,000. WFG Advisors LP increased its position in Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock valued at $269,000 after buying an additional 387 shares during the period. Finally, Bank of The Ozarks increased its position in Monsanto by 14.2% in the first quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 1,135 shares during the period. 75.31% of the stock is currently owned by institutional investors.
Shares of Monsanto Company (NYSE MON) traded down 0.25% during midday trading on Thursday, hitting $117.05. 509,585 shares of the stock were exchanged. The firm has a market cap of $51.42 billion, a P/E ratio of 25.28 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $118.97. The firm has a 50 day moving average of $117.49 and a 200 day moving average of $115.01.
Monsanto (NYSE:MON) last announced its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion during 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 earnings per share. Equities analysts forecast that Monsanto Company will post $4.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 7th were paid a $0.54 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.
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Several research analysts recently weighed in on the stock. Vetr downgraded shares of Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price target for the company. in a research report on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price target on shares of Monsanto in a research report on Wednesday, August 2nd. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Jefferies Group LLC downgraded shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a report on Wednesday, July 12th. Finally, Citigroup Inc. reiterated a “neutral” rating and issued a $126.00 price objective (up previously from $125.00) on shares of Monsanto in a report on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.15.
In other news, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Janet M. Holloway sold 3,337 shares of the company’s 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 completion of the transaction, the senior vice president now owns 44,405 shares of the company’s stock, valued at $5,239,790. The disclosure for this sale can be found here. Insiders sold 74,470 shares of company stock valued at $8,791,281 over the last 90 days. Insiders own 0.79% of the company’s stock.
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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