Public Employees Retirement Association of Colorado decreased its position in shares of Monsanto Company (NYSE:MON) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,073 shares of the basic materials company’s stock after selling 3,816 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Monsanto were worth $9,475,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Pinnacle Financial Partners Inc. acquired a new position in Monsanto in the second quarter worth approximately $114,000. Bruderman Asset Management LLC acquired a new position in Monsanto in the second quarter worth approximately $116,000. Tower Research Capital LLC TRC grew its position in Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after buying an additional 750 shares during the last quarter. Armbruster Capital Management Inc. grew its position in Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after buying an additional 125 shares during the last quarter. Finally, Enterprise Financial Services Corp grew its position in Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after buying an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.
In related news, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction on 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 completion of the sale, the chief operating officer now owns 85,439 shares of the company’s stock, valued at approximately $10,255,243.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction on 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. In the last ninety days, insiders sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by company insiders.
MON has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research report on Monday, September 4th. BMO Capital Markets reiterated a “buy” rating and set a $128.00 price objective 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 objective 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 research report on Sunday, July 16th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research report on Wednesday, July 12th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monsanto presently has an average rating of “Hold” and a consensus target price of $124.61.
Shares of Monsanto Company (MON) opened at $119.87 on Friday. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $122.79. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.12. The stock has a market cap of $52.77 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.73 and a beta of 1.05.
Monsanto (NYSE:MON) last released its quarterly earnings data 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 business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the business earned $0.07 EPS. Monsanto’s quarterly revenue was up 4.8% compared to the same quarter last year. research analysts forecast that Monsanto Company will post 5.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 6th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Thursday, October 5th. Monsanto’s payout ratio is presently 42.52%.
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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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