Nomura Asset Management Co. Ltd. Cuts Stake in Monsanto Company (MON)

Nomura Asset Management Co. Ltd. lessened its position in shares of Monsanto Company (NYSE:MON) by 37.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,353 shares of the basic materials company’s stock after selling 54,854 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Monsanto were worth $11,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Monsanto by 2.6% during the second quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock valued at $3,636,697,000 after acquiring an additional 784,418 shares during the period. BlackRock Inc. lifted its stake in shares of Monsanto by 6.5% during the second quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock valued at $3,302,038,000 after acquiring an additional 1,705,439 shares during the period. State Street Corp lifted its stake in shares of Monsanto by 0.6% during the second quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock valued at $2,399,965,000 after acquiring an additional 122,814 shares during the period. Northern Trust Corp lifted its stake in Monsanto by 0.7% in the second quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock valued at $839,519,000 after buying an additional 47,725 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in Monsanto by 7.5% in the second quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock valued at $520,429,000 after buying an additional 307,600 shares during the period. 75.70% of the stock is currently owned by institutional investors and hedge funds.

Monsanto Company (NYSE:MON) traded up $0.03 during midday trading on Wednesday, hitting $118.29. The stock had a trading volume of 621,897 shares, compared to its average volume of 1,962,239. The firm has a market capitalization of $52,212.13, a price-to-earnings ratio of 21.45, a P/E/G ratio of 1.71 and a beta of 1.04. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.83 and a current ratio of 1.35. Monsanto Company has a 52 week low of $104.08 and a 52 week high of $122.79.

Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. Monsanto’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. analysts anticipate that Monsanto Company will post 5.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.83%. Monsanto’s payout ratio is presently 42.27%.

Several equities analysts have weighed in on the company. UBS lowered Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research note on Friday, August 18th. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Piper Jaffray Companies set a $128.00 price target on Monsanto and gave the stock a “buy” rating in a research report on Friday, August 11th. Wells Fargo & Company raised their price target on Monsanto from $107.50 to $118.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 10th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $128.00 price target on shares of Monsanto in a research report on Wednesday, November 15th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Monsanto currently has an average rating of “Hold” and an average price target of $124.61.

In related news, VP Duraiswami Narain sold 2,860 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $120.00, for a total transaction of $343,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Mizell sold 11,526 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by corporate insiders.

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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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