OZ Management LP boosted its stake in shares of Monsanto Company (NYSE:MON) by 5.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,162,165 shares of the basic materials company’s stock after acquiring an additional 110,919 shares during the quarter. Monsanto makes up approximately 1.3% of OZ Management LP’s holdings, making the stock its 17th biggest holding. OZ Management LP owned about 0.49% of Monsanto worth $259,070,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of MON. Capital Investment Advisors LLC increased its stake in Monsanto by 0.7% during the 2nd quarter. Capital Investment Advisors LLC now owns 4,518 shares of the basic materials company’s stock worth $535,000 after purchasing an additional 33 shares in the last quarter. Fulton Bank N.A. bought a new position in shares of Monsanto during the 2nd quarter worth approximately $268,000. Smith Shellnut Wilson LLC ADV grew its stake in shares of Monsanto by 4.5% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 18,066 shares of the basic materials company’s stock worth $1,868,000 after acquiring an additional 785 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Monsanto by 9.1% during the 2nd quarter. Bank of Montreal Can now owns 725,452 shares of the basic materials company’s stock worth $85,865,000 after acquiring an additional 60,734 shares in the last quarter. Finally, Gateway Investment Advisers LLC grew its stake in shares of Monsanto by 12.2% during the 2nd quarter. Gateway Investment Advisers LLC now owns 311,979 shares of the basic materials company’s stock worth $36,926,000 after acquiring an additional 34,008 shares in the last quarter. 75.70% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Monsanto Company (MON) traded down $0.32 during mid-day trading on Tuesday, hitting $118.61. The stock had a trading volume of 2,152,200 shares, compared to its average volume of 1,962,155. The company has a market cap of $52,210.00, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.71 and a beta of 1.04. Monsanto Company has a 12-month low of $104.05 and a 12-month high of $122.79. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. research analysts forecast that Monsanto Company will post 5.74 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.82%. Monsanto’s payout ratio is 42.52%.
Several equities analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Wells Fargo & Company lifted their target price on Monsanto from $107.50 to $118.00 and gave the stock a “market perform” rating in a report on Tuesday, October 10th. Barclays reaffirmed an “equal weight” rating and issued a $124.00 price target (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 target price on shares of Monsanto in a research report on Thursday, October 5th. Finally, Macquarie cut Monsanto from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 4th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $124.61.
In related news, VP Duraiswami Narain sold 2,860 shares of the stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $120.00, for a total value of $343,200.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the transaction, the chief financial officer now directly owns 48,388 shares in the company, valued at approximately $5,903,336. The disclosure for this sale can be found here. Insiders sold 49,236 shares of company stock worth $5,931,934 over the last 90 days. Company insiders own 0.79% of the company’s stock.
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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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