Public Employees Retirement Association of Colorado Has $9.81 Million Stake in Monsanto Company (NYSE:MON)
Public Employees Retirement Association of Colorado decreased its position in Monsanto Company (NYSE:MON) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 82,889 shares of the basic materials company’s stock after selling 47 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Monsanto were worth $9,811,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Whitnell & Co. raised its position in Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock valued at $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. acquired a new position in Monsanto during the first quarter valued at $113,000. Acrospire Investment Management LLC acquired a new position in Monsanto during the first quarter valued at $113,000. JNBA Financial Advisors raised its position in Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock valued at $135,000 after buying an additional 45 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in Monsanto by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,288 shares of the basic materials company’s stock valued at $145,000 after buying an additional 112 shares in the last quarter. 75.28% of the stock is owned by institutional investors and hedge funds.
Shares of Monsanto Company (NYSE:MON) opened at 117.14 on Tuesday. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $118.97. The company has a market capitalization of $51.46 billion, a PE ratio of 25.30 and a beta of 1.07. The firm’s 50-day moving average price is $117.47 and its 200 day moving average price is $115.21.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.17 EPS. Equities analysts predict that Monsanto Company will post $4.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is currently 46.75%.
Several research analysts have weighed in on the company. UBS AG lowered Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. BidaskClub lowered Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Piper Jaffray Companies set a $128.00 price target on Monsanto and gave the company a “buy” rating in a report on Friday. Finally, Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target on the stock in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $123.15.
In other news, EVP Steven Mizell sold 11,300 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 55,011 shares in the company, valued at approximately $6,522,654.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. Insiders have sold a total of 74,470 shares of company stock valued at $8,791,281 over the last 90 days. Company 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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