Public Employees Retirement System of Ohio maintained its position in Monsanto Company (NYSE:MON) during the first quarter, according to its most recent filing with the SEC. The firm owned 299,884 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned 0.07% of Monsanto worth $33,947,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. First PREMIER Bank raised its position in Monsanto by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock valued at $102,000 after buying an additional 36 shares during the period. 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 during the period. Hartford Financial Management Inc. acquired a new position in Monsanto during the first quarter valued at approximately $113,000. Acrospire Investment Management LLC acquired a new position in Monsanto during the first quarter valued at approximately $113,000. Finally, 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 during the period. 75.31% of the stock is owned by institutional investors and hedge funds.
Monsanto Company (NYSE:MON) traded down 0.33% during mid-day trading on Friday, hitting $116.55. 1,012,471 shares of the company were exchanged. The stock has a market cap of $51.20 billion, a P/E ratio of 25.17 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 company has a 50 day moving average of $117.47 and a 200 day moving average of $115.08.
Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the company posted $2.17 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts expect that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The firm also recently announced 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 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 presently 46.75%.
MON has been the subject of a number of analyst reports. Vetr raised 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. Zacks Investment Research raised 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. Barclays PLC boosted their target price on shares of Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, June 29th. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Jefferies Group LLC lowered shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 target price for the company. in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. Monsanto currently has a consensus rating of “Hold” and an average price target of $123.15.
In related news, EVP Steven Mizell sold 11,300 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total value of $1,339,841.00. Following the sale, the executive vice president now directly owns 55,011 shares in the company, valued at approximately $6,522,654.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction that occurred 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. Over the last 90 days, insiders have sold 74,470 shares of company stock worth $8,791,281. Corporate 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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