Auxier Asset Management lifted its position in Monsanto Company (NYSE:MON) by 78.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,010 shares of the basic materials company’s stock after acquiring an additional 2,640 shares during the quarter. Auxier Asset Management’s holdings in Monsanto were worth $711,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Monsanto by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock worth $3,636,697,000 after acquiring an additional 784,418 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Monsanto by 6.5% in the 2nd quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock worth $3,302,038,000 after acquiring an additional 1,705,439 shares during the last quarter. State Street Corp lifted its holdings in shares of Monsanto by 0.6% in the 2nd quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock worth $2,399,965,000 after acquiring an additional 122,814 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Monsanto by 3.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after acquiring an additional 499,639 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Monsanto by 0.7% in the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock worth $839,519,000 after acquiring an additional 47,725 shares during the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
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MON has been the subject of several analyst reports. UBS AG lowered shares of Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 target price (up previously from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a report on Tuesday, June 27th. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 target price (up previously from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Finally, Barclays PLC raised their target price on shares of Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, June 29th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Monsanto presently has a consensus rating of “Hold” and a consensus price target of $124.61.
In other news, VP Duraiswami Narain sold 2,860 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brett D. Begemann sold 22,640 shares of the stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the sale, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Insiders have sold 37,026 shares of company stock worth $4,440,341 in the last three months. Corporate insiders own 0.79% of the company’s stock.
Monsanto Company (NYSE:MON) traded up 1.99% during midday trading on Friday, hitting $122.30. 6,619,756 shares of the stock traded hands. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $122.80. The firm has a market cap of $53.75 billion, a P/E ratio of 24.03 and a beta of 1.07. The company’s 50-day moving average is $118.79 and its 200 day moving average is $117.30.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, analysts anticipate that Monsanto Company will post $5.71 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.77%. Monsanto’s dividend payout ratio is presently 42.27%.
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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