Northern Capital Management LLC Sells 1,285 Shares of Monsanto Company (MON)

Northern Capital Management LLC reduced its holdings in shares of Monsanto Company (NYSE:MON) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,820 shares of the basic materials company’s stock after selling 1,285 shares during the period. Northern Capital Management LLC’s holdings in Monsanto were worth $2,974,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Puplava Financial Services Inc. grew its position in Monsanto by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 9 shares during the last quarter. 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 acquiring an additional 11 shares during the last quarter. 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 acquiring an additional 16 shares during the last quarter. 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 acquiring an additional 16 shares during the last quarter. Finally, Lee Financial Co grew its position in Monsanto by 0.3% during the second quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock valued at $718,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 74.70% of the company’s stock.

A number of research analysts have commented on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research report on Monday, September 4th. BMO Capital Markets reiterated a “buy” rating and set a $128.00 price target on shares of Monsanto in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and set a $128.00 price target on shares of Monsanto in a research report on Friday, September 15th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price on the stock in a report on Thursday, July 6th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Monsanto has a consensus rating of “Hold” and a consensus target price of $124.61.

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Shares of Monsanto Company (NYSE:MON) traded down 0.06% during mid-day trading on Tuesday, reaching $121.12. The company had a trading volume of 858,311 shares. The firm has a 50-day moving average price of $120.14 and a 200-day moving average price of $117.86. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $122.79. The stock has a market capitalization of $53.23 billion, a price-to-earnings ratio of 23.80 and a beta of 1.07.

Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. Monsanto’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 EPS. Equities analysts expect that Monsanto Company will post $5.70 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 6th were given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.78%. The ex-dividend date was Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is presently 42.27%.

In other Monsanto news, EVP Steven Mizell sold 11,526 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Pierre Courduroux sold 4,320 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the sale, the chief financial officer now owns 48,388 shares of the company’s stock, valued at $5,903,336. The disclosure for this sale can be found here. Insiders sold a total of 49,236 shares of company stock worth $5,931,934 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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