Metropolitan Life Insurance Co. NY cut its holdings in Monsanto (NYSE:MON) by 61.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,535 shares of the basic materials company’s stock after selling 140,111 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Monsanto were worth $10,222,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the stock. Gradient Investments LLC bought a new position in shares of Monsanto during the fourth quarter worth about $108,000. Americafirst Capital Management LLC bought a new stake in Monsanto in the third quarter worth approximately $148,000. Elkfork Partners LLC bought a new stake in Monsanto in the fourth quarter worth approximately $162,000. Truewealth LLC bought a new stake in Monsanto in the fourth quarter worth approximately $163,000. Finally, Flinton Capital Management LLC increased its holdings in Monsanto by 90.9% in the fourth quarter. Flinton Capital Management LLC now owns 1,764 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 840 shares in the last quarter. 76.31% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on the company. Deutsche Bank restated a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Wells Fargo reaffirmed a “market perform” rating and set a $128.00 target price (up previously from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Finally, Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $127.30.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of Monsanto 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 owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.
MON stock traded down $0.19 during trading on Friday, hitting $117.86. 2,424,848 shares of the company traded hands, compared to its average volume of 3,867,848. The stock has a market capitalization of $51,952.80, a PE ratio of 21.43, a P/E/G ratio of 1.96 and a beta of 0.96. Monsanto has a 1 year low of $114.19 and a 1 year 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 released its quarterly earnings data on Thursday, April 5th. The basic materials company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.09). Monsanto had a return on equity of 37.31% and a net margin of 17.07%. The business had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the business posted $3.19 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. analysts anticipate that Monsanto will post 5.71 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio (DPR) is presently 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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