Teachers Advisors LLC reduced its position in Monsanto (NYSE:MON) by 38.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 613,243 shares of the basic materials company’s stock after selling 387,520 shares during the quarter. Teachers Advisors LLC owned approximately 0.14% of Monsanto worth $71,615,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Captrust Financial Advisors bought a new position in Monsanto in the fourth quarter worth $5,797,000. Halcyon Management Partners LP lifted its position in Monsanto by 10.4% in the fourth quarter. Halcyon Management Partners LP now owns 358,187 shares of the basic materials company’s stock worth $41,829,000 after purchasing an additional 33,673 shares during the period. Two Sigma Investments LP lifted its position in Monsanto by 63.0% in the fourth quarter. Two Sigma Investments LP now owns 999,033 shares of the basic materials company’s stock worth $116,667,000 after purchasing an additional 386,152 shares during the period. York Capital Management Global Advisors LLC lifted its position in Monsanto by 14.8% in the fourth quarter. York Capital Management Global Advisors LLC now owns 6,059,514 shares of the basic materials company’s stock worth $707,630,000 after purchasing an additional 781,259 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Monsanto by 25.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,814 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 566 shares during the period. 76.25% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Steven Mizell sold 8,100 shares of the firm’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the sale, the executive vice president now directly owns 56,743 shares in the company, valued at $6,772,277.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.
Several research firms have issued reports on MON. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Wells Fargo & Co reiterated a “market perform” rating and set a $128.00 price objective (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Finally, Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $127.30.
Monsanto (MON) opened at $117.20 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. Monsanto has a 12 month low of $111.92 and a 12 month high of $124.20. The stock has a market capitalization of $54,284.62, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 1.76 and a beta of 0.95.
Monsanto (NYSE:MON) last released its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. equities analysts anticipate that Monsanto will post 5.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is presently 39.85%.
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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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