Puplava Financial Services Inc. increased its position in shares of Monsanto Company (NYSE:MON) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,119 shares of the basic materials company’s stock after buying an additional 9 shares during the period. Puplava Financial Services Inc.’s holdings in Monsanto were worth $251,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. First PREMIER Bank raised its stake in shares of Monsanto by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock worth $102,000 after buying an additional 36 shares in the last quarter. Whitnell & Co. raised its stake in shares of Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock worth $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. bought a new stake in shares of Monsanto during the first quarter worth about $113,000. Acrospire Investment Management LLC bought a new stake in shares of Monsanto during the first quarter worth about $113,000. Finally, JNBA Financial Advisors raised its stake in shares of Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after buying an additional 45 shares in the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Monsanto Company (MON) traded down 0.20% during midday trading on Friday, hitting $116.87. The stock had a trading volume of 2,081,472 shares. The stock has a market cap of $51.34 billion, a PE ratio of 25.24 and a beta of 1.07. The firm has a 50 day moving average price of $117.38 and a 200 day moving average price of $115.36. Monsanto Company has a one year low of $97.35 and a one year high of $118.97.
The company also recently declared 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. This represents a $2.16 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is 46.75%.
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A number of analysts have recently issued reports on MON shares. 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. 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 Wednesday, July 12th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a report on Friday, August 11th. Barclays PLC lifted their price objective on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 29th. Finally, BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. Monsanto currently has a consensus rating of “Hold” and a consensus price target of $123.15.
In other Monsanto news, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total value of $875,914.00. Following the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at approximately $3,970,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of Monsanto stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,470 shares of company stock worth $8,791,281. 0.79% of the stock is currently owned by corporate 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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