Public Employees Retirement System of Ohio continued to hold its stake in Monsanto Company (NYSE:MON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 299,884 shares of the basic materials company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio owned 0.07% of Monsanto worth $33,947,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. First PREMIER Bank increased 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 valued at $102,000 after buying an additional 36 shares during the period. Whitnell & Co. increased its stake in 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 during the last quarter. Hartford Financial Management Inc. bought a new stake in Monsanto during the first quarter worth $113,000. Acrospire Investment Management LLC bought a new stake in Monsanto during the first quarter worth $113,000. Finally, JNBA Financial Advisors increased its stake in 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 during the last quarter. 75.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Monsanto Company (NYSE MON) traded down 0.20% during trading on Friday, reaching $116.87. The company had a trading volume of 2,081,472 shares. Monsanto Company has a 52-week low of $97.35 and a 52-week high of $118.97. The firm has a market capitalization of $51.34 billion, a P/E ratio of 25.24 and a beta of 1.07. The company has a 50 day moving average of $117.38 and a 200-day moving average of $115.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is 46.75%.
A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday. UBS AG downgraded shares of Monsanto from a “buy” rating to a “neutral” rating in a research report on Friday. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the stock a “buy” rating in a research note on Friday, August 11th. Vetr cut Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price objective on the stock. in a research note on Wednesday, August 2nd. Finally, Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. Monsanto currently has an average rating of “Hold” and an average target price of $123.15.
In related news, SVP Janet M. Holloway sold 3,337 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $118.00, for a total value of $393,766.00. Following the completion of the sale, the senior vice president now directly owns 44,405 shares of the company’s stock, valued at approximately $5,239,790. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven Mizell sold 11,300 shares of the business’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 directly owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock valued at $8,791,281 over the last ninety days. 0.79% of the stock is currently owned by corporate 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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