Global X Management Co. LLC trimmed its position in shares of Monsanto (NYSE:MON) by 3.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,959 shares of the basic materials company’s stock after selling 440 shares during the quarter. Global X Management Co. LLC’s holdings in Monsanto were worth $1,397,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers acquired a new position in Monsanto in the second quarter valued at approximately $289,000. Intl Fcstone Inc. acquired a new position in Monsanto in the second quarter valued at approximately $794,000. PSquared Asset Management AG boosted its holdings in Monsanto by 6.1% in the third quarter. PSquared Asset Management AG now owns 1,352,651 shares of the basic materials company’s stock valued at $162,075,000 after purchasing an additional 78,331 shares in the last quarter. Oakbrook Investments LLC boosted its holdings in Monsanto by 7.4% in the third quarter. Oakbrook Investments LLC now owns 20,350 shares of the basic materials company’s stock valued at $2,438,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Honkamp Krueger Financial Services Inc. boosted its holdings in Monsanto by 73.6% in the third quarter. Honkamp Krueger Financial Services Inc. now owns 4,608 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 1,954 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.
Shares of Monsanto (NYSE:MON) opened at $120.79 on Monday. The firm has a market capitalization of $53,244.33, a P/E ratio of 21.08, a PEG ratio of 1.73 and a beta of 1.01. Monsanto has a fifty-two week low of $108.51 and a fifty-two week high of $123.15. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Thursday, April 5th. Monsanto’s payout ratio is currently 39.85%.
In related news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the completion of the sale, the executive vice president now directly owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by company insiders.
A number of equities analysts recently issued reports on MON shares. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $128.00 price target (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Monsanto in a report on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Monsanto has an average rating of “Hold” and a consensus target price of $127.30.
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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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