Intact Investment Management Inc. Invests $239,000 in Monsanto Company (MON)

Intact Investment Management Inc. bought a new position in shares of Monsanto Company (NYSE:MON) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,000 shares of the basic materials company’s stock, valued at approximately $239,000.

Several other hedge funds have also recently bought and sold shares of the company. Puplava Financial Services Inc. boosted its stake in shares of Monsanto by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock worth $251,000 after acquiring an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Monsanto by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock worth $191,000 after acquiring an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Monsanto by 1.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 16 shares in the last quarter. Forward Management LLC boosted its stake in shares of Monsanto by 0.5% during the 2nd quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 16 shares in the last quarter. Finally, Lee Financial Co boosted its stake in shares of Monsanto by 0.3% during the 2nd quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 17 shares in the last quarter. 74.70% of the stock is currently owned by institutional investors and hedge funds.

In other Monsanto news, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total value of $2,717,479.20. Following the sale, the chief operating officer now owns 85,439 shares of the company’s stock, valued at $10,255,243.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Duraiswami Narain sold 2,860 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.00, for a total transaction of $343,200.00. The disclosure for this sale can be found here. Insiders sold 49,236 shares of company stock worth $5,931,934 in the last ninety days. Insiders own 0.79% of the company’s stock.

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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 consensus estimate of ($0.41) by $0.61. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the prior year, the firm earned $0.07 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year.

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

Several equities research analysts have recently issued reports on the stock. Barclays PLC reissued an “equal weight” rating and set a $124.00 target price (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Royal Bank Of Canada reissued a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, August 2nd. Jefferies Group LLC lowered shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 target price on the stock. in a research note on Wednesday, July 12th. BMO Capital Markets reissued a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Thursday, October 5th. Finally, Piper Jaffray Companies set a $128.00 target price on shares of Monsanto and gave the stock a “buy” rating in a research note on Friday, August 11th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $124.61.

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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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