J.P. Marvel Investment Advisors LLC lowered its position in Monsanto Company (NYSE:MON) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 83,317 shares of the basic materials company’s stock after selling 1,827 shares during the period. Monsanto makes up 3.1% of J.P. Marvel Investment Advisors LLC’s holdings, making the stock its 5th largest position. J.P. Marvel Investment Advisors LLC’s holdings in Monsanto were worth $9,431,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the company. First PREMIER Bank increased its stake in 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 during the period. Whitnell & Co. increased 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 valued at $111,000 after buying an additional 256 shares during the period. Hartford Financial Management Inc. purchased a new stake in shares of Monsanto during the first quarter valued at about $113,000. Acrospire Investment Management LLC purchased a new stake in shares of Monsanto during the first quarter valued at about $113,000. Finally, JNBA Financial Advisors increased 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 valued at $135,000 after buying an additional 45 shares during the period. 75.28% of the stock is owned by hedge funds and other institutional investors.
Monsanto Company (NYSE MON) traded down 0.20% on Friday, reaching $116.87. The company had a trading volume of 2,081,472 shares. The company has a market capitalization of $51.34 billion, a price-to-earnings ratio of 25.24 and a beta of 1.07. The company’s 50 day moving average price is $117.38 and its 200-day moving average price is $115.36. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97.
Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.19. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. Monsanto’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.17 EPS. On average, equities analysts predict that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued 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 payout ratio is presently 46.75%.
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Several brokerages have issued reports on MON. UBS AG downgraded shares of Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Piper Jaffray Companies set a $128.00 price target on shares of Monsanto and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Monsanto currently has an average rating of “Hold” and an average target price of $123.15.
In other Monsanto news, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the transaction, the senior vice president now directly owns 33,645 shares of the company’s stock, valued at approximately $3,970,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert T. Fraley sold 52,410 shares of Monsanto stock in a transaction dated Monday, July 10th. The stock was 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. Insiders have sold a total of 74,470 shares of company stock worth $8,791,281 over the last ninety days. Company 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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