Monsanto Company (MON) Shares Bought by OZ Management LP

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.

COPYRIGHT VIOLATION WARNING: “Monsanto Company (MON) Shares Bought by OZ Management LP” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/12/05/monsanto-company-mon-shares-bought-by-oz-management-lp.html.

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.

Want to see what other hedge funds are holding MON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monsanto Company (NYSE:MON).

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply