California State Teachers Retirement System Sells 63,362 Shares of Monsanto Company (MON)

California State Teachers Retirement System lessened its holdings in shares of Monsanto Company (NYSE:MON) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 814,666 shares of the basic materials company’s stock after selling 63,362 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Monsanto worth $96,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Puplava Financial Services Inc. raised its holdings in shares of Monsanto by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 9 shares during the last quarter. Savant Capital LLC grew its position in Monsanto by 0.4% during the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock valued at $349,000 after buying an additional 11 shares during the period. Guardian Life Insurance Co. of America grew its position in Monsanto by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after buying an additional 11 shares during the period. Enterprise Financial Services Corp grew its position in Monsanto by 1.2% during the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after buying an additional 16 shares during the period. Finally, Forward Management LLC grew its position in Monsanto by 0.5% during the second quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock valued at $379,000 after buying an additional 16 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

Shares of Monsanto Company (NYSE MON) traded up 0.105% during mid-day trading on Wednesday, hitting $119.675. 587,759 shares of the stock traded hands. The firm’s 50 day moving average price is $118.41 and its 200 day moving average price is $117.19. The firm has a market cap of $52.58 billion, a price-to-earnings ratio of 40.568 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $120.50.

Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.61. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 EPS. On average, equities research analysts predict that Monsanto Company will post $5.70 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a $0.54 dividend. 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 1.81%. Monsanto’s dividend payout ratio is presently 42.27%.

In other news, VP Duraiswami Narain sold 2,860 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.00, for a total value of $343,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brett D. Begemann sold 22,640 shares of the stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the completion of the transaction, the chief operating officer now owns 85,439 shares of the company’s stock, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

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Several analysts recently commented on the stock. UBS AG lowered shares of Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. Barclays PLC restated an “equal weight” rating and set a $124.00 price target (up previously from $120.00) on shares of Monsanto in a research report on Thursday, October 5th. Macquarie lowered shares of Monsanto from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 4th. Wells Fargo & Company raised their price target on shares of Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, BMO Capital Markets restated a “buy” rating and set a $128.00 price target on shares of Monsanto in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Monsanto currently has an average rating of “Hold” and an average target price of $124.61.

Monsanto 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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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