Aberdeen Asset Management PLC UK boosted its holdings in shares of Monsanto Company (NYSE:MON) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 335,002 shares of the basic materials company’s stock after purchasing an additional 5,539 shares during the period. Aberdeen Asset Management PLC UK owned about 0.08% of Monsanto worth $39,650,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MON. Acrospire Investment Management LLC acquired a new stake in shares of Monsanto during the first quarter worth approximately $113,000. Pinnacle Financial Partners Inc. acquired a new stake in shares of Monsanto during the second quarter worth approximately $114,000. JNBA Financial Advisors increased its holdings in shares of Monsanto by 3.9% during the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after buying an additional 45 shares in the last quarter. Armbruster Capital Management Inc. increased its holdings in shares of Monsanto by 12.2% during the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after buying an additional 125 shares in the last quarter. Finally, Penserra Capital Management LLC increased its holdings in shares of Monsanto by 9.5% during the first quarter. Penserra Capital Management LLC now owns 1,288 shares of the basic materials company’s stock worth $145,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.
MON has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Monday, September 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price objective on shares of Monsanto in a report on Friday, September 1st. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $128.00 price objective (up previously from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $124.09.
In other news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Mizell sold 11,300 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the sale, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.
Monsanto Company (MON) opened at 118.27 on Friday. The stock’s 50 day moving average is $117.25 and its 200-day moving average is $116.44. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The company has a market capitalization of $51.96 billion, a PE ratio of 25.54 and a beta of 1.07.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company posted $2.17 earnings per share. Monsanto’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect that Monsanto Company will post $4.89 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.
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.
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.