Raymond James Financial Services Advisors Inc. raised its position in shares of Monsanto Company (NYSE:MON) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,996 shares of the basic materials company’s stock after purchasing an additional 595 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Monsanto were worth $5,152,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Monsanto by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock valued at $3,636,697,000 after purchasing an additional 784,418 shares in the last quarter. BlackRock Inc. boosted its stake in Monsanto by 6.5% during the 2nd quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock valued at $3,302,038,000 after purchasing an additional 1,705,439 shares in the last quarter. State Street Corp boosted its stake in Monsanto by 0.6% during the 2nd quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock valued at $2,399,965,000 after purchasing an additional 122,814 shares in the last quarter. Northern Trust Corp boosted its stake in Monsanto by 0.7% during the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock valued at $839,519,000 after purchasing an additional 47,725 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its stake in Monsanto by 7.5% during the 2nd quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock valued at $520,429,000 after purchasing an additional 307,600 shares in the last quarter. 74.98% of the stock is owned by hedge funds and other institutional investors.
Shares of Monsanto Company (NYSE MON) opened at $118.48 on Wednesday. The stock has a market capitalization of $51,983.22, a price-to-earnings ratio of 21.35, a PEG ratio of 1.70 and a beta of 1.05. Monsanto Company has a 1-year low of $100.87 and a 1-year high of $122.79. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last released its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 earnings per share. sell-side analysts expect that Monsanto Company will post 5.74 EPS for the current fiscal year.
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MON has been the subject of a number of research reports. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research note on Tuesday, August 29th. Piper Jaffray Companies set a $128.00 price target on Monsanto and gave the company a “buy” rating in a research note on Friday, August 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price target on shares of Monsanto in a research note on Friday, September 1st. Barclays PLC reaffirmed an “equal weight” rating and set a $124.00 price target (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $128.00 price target on shares of Monsanto in a research note on Friday, September 15th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $124.61.
In other news, EVP Steven Mizell sold 11,526 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction on Thursday, October 19th. The shares were sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the sale, the chief financial officer now owns 48,388 shares of the company’s stock, valued at approximately $5,903,336. The disclosure for this sale can be found here. Insiders sold 49,236 shares of company stock valued at $5,931,934 in the last 90 days. Corporate insiders own 0.79% of the company’s stock.
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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