Private Advisor Group LLC reduced its stake in shares of Monsanto (NYSE:MON) by 37.9% during the 4th quarter, HoldingsChannel reports. The fund owned 11,159 shares of the basic materials company’s stock after selling 6,812 shares during the quarter. Private Advisor Group LLC’s holdings in Monsanto were worth $1,324,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Meyer Handelman Co. raised its stake in Monsanto by 0.6% during the 3rd quarter. Meyer Handelman Co. now owns 124,552 shares of the basic materials company’s stock worth $14,923,000 after acquiring an additional 706 shares in the last quarter. Toronto Dominion Bank raised its stake in Monsanto by 6.3% during the 3rd quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock worth $121,519,000 after acquiring an additional 59,750 shares in the last quarter. Amalgamated Bank raised its stake in Monsanto by 2.0% during the 3rd quarter. Amalgamated Bank now owns 52,909 shares of the basic materials company’s stock worth $6,340,000 after acquiring an additional 1,022 shares in the last quarter. Janus Henderson Group PLC raised its stake in Monsanto by 57.1% during the 3rd quarter. Janus Henderson Group PLC now owns 2,342,693 shares of the basic materials company’s stock worth $280,696,000 after acquiring an additional 851,369 shares in the last quarter. Finally, Oakbrook Investments LLC raised its stake in Monsanto by 7.4% during the 3rd quarter. Oakbrook Investments LLC now owns 20,350 shares of the basic materials company’s stock worth $2,438,000 after acquiring an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 73.70% of the company’s stock.
Several equities research analysts recently commented on the stock. Wells Fargo & Co reiterated a “market perform” rating and set a $128.00 price target (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research report on Wednesday, November 15th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $127.30.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts anticipate that Monsanto will post 5.76 earnings per share for the current fiscal year.
The company also recently announced 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 of this dividend is Thursday, April 5th. Monsanto’s payout ratio is 39.85%.
In other news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the sale, the executive vice president now owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.
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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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