Stonebridge Capital Management Inc. Has $909,000 Stake in Monsanto Company (MON)

Stonebridge Capital Management Inc. held its position in shares of Monsanto Company (NYSE:MON) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,680 shares of the basic materials company’s stock at the end of the second quarter. Stonebridge Capital Management Inc.’s holdings in Monsanto were worth $909,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Swiss National Bank raised 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 worth $189,731,000 after buying an additional 341,400 shares in the last quarter. United Services Automobile Association raised 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 worth $30,041,000 after buying an additional 14,076 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Monsanto during the first quarter worth $213,000. WFG Advisors LP raised 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 worth $269,000 after buying an additional 387 shares in the last quarter. Finally, Bank of The Ozarks raised 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 worth $1,035,000 after buying an additional 1,135 shares in the last quarter. Hedge funds and other institutional investors own 75.28% of the company’s stock.

Shares of Monsanto Company (MON) opened at 117.10 on Friday. The stock has a 50 day moving average of $117.42 and a 200 day moving average of $115.30. The company has a market cap of $51.44 billion, a price-to-earnings ratio of 25.29 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 announced its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.19. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 EPS. Equities research analysts predict that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders 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 annualized dividend and a dividend yield of 1.84%. Monsanto’s payout ratio is 46.75%.

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MON has been the subject of a number of research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 target price (up previously from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Friday, June 16th. Jefferies Group LLC lowered shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research report on Wednesday, July 12th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a research report on Wednesday, July 12th. Finally, BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $123.15.

In other news, SVP Janet M. Holloway sold 7,423 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total transaction of $875,914.00. Following the transaction, the senior vice president now owns 33,645 shares of the company’s stock, valued at approximately $3,970,110. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Janet M. Holloway sold 3,337 shares of the business’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $118.00, for a total transaction of $393,766.00. Following the transaction, the senior vice president now directly owns 44,405 shares in the company, valued at approximately $5,239,790. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,470 shares of company stock worth $8,791,281. Corporate insiders own 0.79% of the company’s stock.

About Monsanto

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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