California Public Employees Retirement System increased its position in Monsanto Company (NYSE:MON) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,199,732 shares of the basic materials company’s stock after buying an additional 14,150 shares during the quarter. California Public Employees Retirement System owned 0.27% of Monsanto worth $143,752,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Pinnacle Financial Partners Inc. purchased a new position in Monsanto during the 2nd quarter valued at $114,000. Bruderman Asset Management LLC purchased a new position in Monsanto during the 2nd quarter valued at $116,000. Tower Research Capital LLC TRC increased its position in Monsanto by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 750 shares during the period. Armbruster Capital Management Inc. increased its position in Monsanto by 12.2% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 125 shares during the period. Finally, Enterprise Financial Services Corp increased its position in Monsanto by 1.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 16 shares during the period. 75.70% of the stock is currently owned by institutional investors.
Shares of Monsanto Company (NYSE MON) traded down $0.70 during trading on Monday, reaching $117.30. 5,241,700 shares of the company were exchanged, compared to its average volume of 1,971,064. The company has a market cap of $51,740.00, a PE ratio of 21.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.04. Monsanto Company has a 52 week low of $104.08 and a 52 week 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 announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.61. The company 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%. Monsanto’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 EPS. research analysts anticipate that Monsanto Company will post 5.74 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, January 4th. Monsanto’s dividend payout ratio is currently 42.52%.
A number of brokerages have recently commented on MON. Barclays restated an “equal weight” rating and set a $124.00 target price (up previously from $120.00) on shares of Monsanto in a report on Thursday, October 5th. BMO Capital Markets restated a “buy” rating and set a $128.00 target price on shares of Monsanto in a report on Thursday, October 5th. Macquarie cut shares of Monsanto from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 4th. Wells Fargo & Company boosted their target price on shares of Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Finally, Jefferies Group restated a “hold” rating and set a $128.00 target price on shares of Monsanto in a report on Friday, September 15th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Monsanto presently has a consensus rating of “Hold” and a consensus price target of $124.61.
In other Monsanto news, VP Nicole M. Ringenberg sold 7,890 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $122.25, for a total transaction of $964,552.50. Following the transaction, the vice president now owns 38,600 shares in the company, valued at approximately $4,718,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the transaction, the chief operating officer now 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 a total of 49,236 shares of company stock worth $5,931,934 in 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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