RWC Asset Management LLP Has $15.39 Million Stake in Monsanto Company (MON)
RWC Asset Management LLP boosted its stake in Monsanto Company (NYSE:MON) by 62.1% during the first quarter, Holdings Channel reports. The firm owned 135,980 shares of the basic materials company’s stock after buying an additional 52,090 shares during the period. Monsanto Company accounts for about 1.0% of RWC Asset Management LLP’s holdings, making the stock its 28th largest position. RWC Asset Management LLP’s holdings in Monsanto Company were worth $15,393,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss National Bank raised its position in Monsanto Company 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. Kentucky Retirement Systems bought a new position in shares of Monsanto Company during the fourth quarter worth about $3,344,000. Fisher Asset Management LLC bought a new position in shares of Monsanto Company during the first quarter worth about $213,000. Micawber Capital LLC bought a new position in shares of Monsanto Company during the fourth quarter worth about $2,156,000. Finally, Teachers Advisors LLC raised its position in shares of Monsanto Company by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 1,253,117 shares of the basic materials company’s stock worth $131,840,000 after buying an additional 52,555 shares during the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.
Shares of Monsanto Company (NYSE:MON) opened at 117.88 on Friday. The stock has a market capitalization of $51.73 billion, a P/E ratio of 27.12 and a beta of 1.10. Monsanto Company has a one year low of $97.35 and a one year high of $118.15. The company’s 50-day moving average is $116.83 and its 200-day moving average is $111.93.
Monsanto Company (NYSE:MON) last announced its quarterly earnings data on Wednesday, April 5th. The basic materials company reported $3.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.40. The company had revenue of $5.07 billion for the quarter, compared to analysts’ expectations of $4.73 billion. Monsanto Company had a net margin of 13.28% and a return on equity of 50.58%. Monsanto Company’s revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.42 EPS. On average, equities research analysts anticipate that Monsanto Company will post $4.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be paid a $0.54 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $2.16 annualized dividend and a yield of 1.83%. Monsanto Company’s dividend payout ratio is currently 49.66%.
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MON has been the topic of a number of recent analyst reports. Vetr upgraded shares of Monsanto Company from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Wednesday, March 15th. BMO Capital Markets restated a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a research note on Wednesday, April 5th. Citigroup Inc. restated a “neutral” rating and set a $125.00 price target (up previously from $122.00) on shares of Monsanto Company in a research note on Friday, April 14th. Royal Bank Of Canada restated a “hold” rating and set a $118.00 price target on shares of Monsanto Company in a research note on Tuesday, March 28th. Finally, Jefferies Group LLC restated a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a research note on Tuesday, March 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $121.33.
In other Monsanto Company news, CEO Hugh Grant sold 149,230 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $116.15, for a total value of $17,333,064.50. Following the transaction, the chief executive officer now directly owns 390,373 shares of the company’s stock, valued at approximately $45,341,823.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Mizell sold 13,700 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $116.11, for a total transaction of $1,590,707.00. Following the completion of the transaction, the executive vice president now directly owns 50,295 shares in the company, valued at $5,839,752.45. The disclosure for this sale can be found here. Insiders sold a total of 265,976 shares of company stock worth $30,918,907 over the last three months. 0.79% of the stock is currently owned by corporate insiders.
About Monsanto Company
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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