Teachers Advisors LLC lowered its stake in Monsanto (NYSE:MON) by 38.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 613,243 shares of the basic materials company’s stock after selling 387,520 shares during the quarter. Teachers Advisors LLC owned 0.14% of Monsanto worth $71,615,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Gradient Investments LLC purchased a new stake in Monsanto in the fourth quarter worth approximately $108,000. Americafirst Capital Management LLC bought a new position in Monsanto in the third quarter worth approximately $148,000. Truewealth LLC bought a new position in Monsanto in the fourth quarter worth approximately $163,000. McKinley Carter Wealth Services Inc. bought a new position in Monsanto in the fourth quarter worth approximately $218,000. Finally, Bedel Financial Consulting Inc. bought a new position in Monsanto in the fourth quarter worth approximately $244,000. Institutional investors own 76.31% of the company’s stock.
Several research firms have weighed in on MON. Wells Fargo reiterated a “market perform” rating and issued a $128.00 price target (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Finally, Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a research report 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 stock presently has an average rating of “Hold” and a consensus target price of $127.30.
In other news, EVP Steven Mizell sold 8,100 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the sale, the executive vice president now directly owns 56,743 shares in the company, valued at approximately $6,772,277.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
Shares of MON stock traded down $0.19 on Friday, hitting $117.86. 2,319,569 shares of the stock traded hands, compared to its average volume of 3,867,848. The company has a market capitalization of $52,036.54, a price-to-earnings ratio of 21.43, a PEG ratio of 1.96 and a beta of 0.96. Monsanto has a 52 week low of $114.19 and a 52 week high of $124.20. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.41 and a quick ratio of 0.79.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Thursday, April 5th. The basic materials company reported $3.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($0.09). The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.34 billion. Monsanto had a net margin of 17.07% and a return on equity of 37.31%. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.19 earnings per share. equities research analysts expect that Monsanto will post 5.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. Monsanto’s payout ratio is 39.27%.
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Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.
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