Public Employees Retirement Association of Colorado Has $9.65 Million Holdings in Monsanto (MON)
Public Employees Retirement Association of Colorado raised its position in shares of Monsanto (NYSE:MON) by 4.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 82,632 shares of the basic materials company’s stock after purchasing an additional 3,559 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Monsanto were worth $9,650,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MON. Cubist Systematic Strategies LLC increased its stake in Monsanto by 117.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 7,759 shares of the basic materials company’s stock valued at $918,000 after purchasing an additional 4,198 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Monsanto in the second quarter worth approximately $19,778,000. The Manufacturers Life Insurance Company grew its stake in shares of Monsanto by 10.9% in the second quarter. The Manufacturers Life Insurance Company now owns 498,250 shares of the basic materials company’s stock worth $58,974,000 after acquiring an additional 48,897 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 750 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Monsanto by 0.9% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,401 shares of the basic materials company’s stock worth $5,019,000 after acquiring an additional 365 shares during the period. Institutional investors and hedge funds own 75.62% of the company’s stock.
Monsanto (MON) opened at $120.41 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05. The stock has a market cap of $52,583.13, a P/E ratio of 20.82, a P/E/G ratio of 1.71 and a beta of 1.01. Monsanto has a 1-year low of $106.97 and a 1-year high of $123.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s payout ratio is 39.85%.
In related news, EVP Steven Mizell sold 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the transaction, the executive vice president now owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
MON has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Wells Fargo & Co reiterated a “market perform” rating and issued a $128.00 price target (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research note on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Monsanto presently has an average rating of “Hold” and an average target price of $127.30.
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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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