Town & Country Bank & Trust CO dba First Bankers Trust CO Lowers Stake in Monsanto Company (NYSE:MON)

Town & Country Bank & Trust CO dba First Bankers Trust CO decreased its stake in Monsanto Company (NYSE:MON) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 6,906 shares of the basic materials company’s stock after selling 50 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Monsanto were worth $817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Swiss National Bank increased its position in shares of Monsanto 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 last quarter. United Services Automobile Association increased its position in shares of Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after buying an additional 14,076 shares during the last quarter. Fisher Asset Management LLC acquired a new position in shares of Monsanto during the first quarter valued at about $213,000. WFG Advisors LP increased its position in shares of Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock valued at $269,000 after buying an additional 387 shares during the last quarter. Finally, Bank of The Ozarks increased its position in shares of Monsanto by 14.2% in the first quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 1,135 shares during the last quarter. 75.31% of the stock is currently owned by institutional investors.

Monsanto Company (MON) traded down 0.19% during trading on Friday, reaching $116.72. 535,329 shares of the company’s stock traded hands. The company has a 50-day moving average of $117.48 and a 200 day moving average of $115.03. The stock has a market capitalization of $51.28 billion, a P/E ratio of 25.21 and a beta of 1.07. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97.

Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. The business 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%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. On average, equities research analysts expect that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.85%. Monsanto’s payout ratio is currently 46.75%.

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MON has been the subject of several recent analyst reports. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 target price (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. 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. 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 Wednesday, July 12th. Jefferies Group LLC cut 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. Finally, Citigroup Inc. restated a “neutral” rating and issued a $125.00 target price (up previously from $122.00) on shares of Monsanto in a research note on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. Monsanto presently has an average rating of “Hold” and an average target price of $123.15.

In related news, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was 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 sold 74,470 shares of company stock valued at $8,791,281 in the last ninety days. Corporate 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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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