Paulson & CO. Inc. purchased a new stake in Monsanto Company (NYSE:MON) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,500 shares of the basic materials company’s stock, valued at approximately $4,019,000.
Several other large investors have also made changes to their positions in MON. BlackRock Inc. increased its stake in shares of Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after buying an additional 25,140,936 shares during the period. Flossbach Von Storch AG increased its position in Monsanto by 33.9% in the first quarter. Flossbach Von Storch AG now owns 4,089,400 shares of the basic materials company’s stock worth $462,920,000 after buying an additional 1,034,400 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Monsanto by 55.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,181,090 shares of the basic materials company’s stock worth $246,899,000 after buying an additional 775,520 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in Monsanto during the first quarter worth about $63,977,000. Finally, Massachusetts Financial Services Co. MA increased its position in Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after buying an additional 499,639 shares during the last quarter. Institutional investors own 75.28% of the company’s stock.
Shares of Monsanto Company (NYSE MON) traded down 0.20% on Friday, reaching $116.87. The company’s stock had a trading volume of 2,081,472 shares. The firm has a market cap of $51.34 billion, a price-to-earnings ratio of 25.24 and a beta of 1.07. The stock has a 50 day moving average of $117.38 and a 200-day moving average of $115.36. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97.
Monsanto (NYSE:MON) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. Monsanto’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.17 earnings per share. On average, analysts anticipate that Monsanto Company will post $4.89 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.85%. Monsanto’s dividend payout ratio is currently 46.75%.
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A number of research analysts recently issued reports on the company. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Barclays PLC increased their price target on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a $128.00 price target (up from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $126.00 price objective (up from $125.00) on shares of Monsanto in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $123.15.
In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is currently owned by company insiders.
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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