Smith Asset Management Group LP decreased its position in shares of Monsanto Company (NYSE:MON) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,303 shares of the basic materials company’s stock after selling 15,700 shares during the period. Smith Asset Management Group LP’s holdings in Monsanto were worth $9,978,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in MON. BlackRock Inc. raised its stake in shares of Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock worth $2,965,029,000 after buying an additional 25,140,936 shares in the last quarter. York Capital Management Global Advisors LLC raised its stake in shares of Monsanto by 58.4% in the first quarter. York Capital Management Global Advisors LLC now owns 4,087,116 shares of the basic materials company’s stock worth $462,662,000 after buying an additional 1,506,057 shares in the last quarter. Flossbach Von Storch AG raised its stake in shares of Monsanto by 33.9% in the first quarter. Flossbach Von Storch AG now owns 4,089,400 shares of the basic materials company’s stock worth $462,920,000 after buying an additional 1,034,400 shares in the last quarter. PSquared Asset Management AG raised its stake in shares of Monsanto by 239.0% in the second quarter. PSquared Asset Management AG now owns 1,274,320 shares of the basic materials company’s stock worth $150,829,000 after buying an additional 898,395 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Monsanto by 55.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,181,090 shares of the basic materials company’s stock worth $246,899,000 after buying an additional 775,520 shares in the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

Monsanto Company (NYSE:MON) opened at 116.64 on Tuesday. The company has a 50-day moving average of $117.23 and a 200 day moving average of $115.65. The company has a market cap of $51.24 billion, a P/E ratio of 25.19 and a beta of 1.07. Monsanto Company has a one year low of $97.35 and a one year high of $118.97.

Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. The company 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%. Monsanto’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.17 EPS. 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, October 27th. Shareholders 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 yield of 1.85%. Monsanto’s payout ratio is currently 46.75%.

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A number of equities research analysts have weighed in on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Friday, June 16th. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research note on Thursday, July 6th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $128.00 target price (up from $125.00) on shares of Monsanto in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 target price (up from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. Monsanto has a consensus rating of “Hold” and a consensus price target of $123.43.

In other Monsanto news, SVP Janet M. Holloway sold 7,423 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total transaction of $875,914.00. Following the completion of the transaction, the senior vice president now owns 33,645 shares in the company, valued at approximately $3,970,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the transaction, 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 90 days, insiders have sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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