First Trust Advisors LP Invests $13,068,000 in Monsanto Co. (MON)
First Trust Advisors LP bought a new position in shares of Monsanto Co. (NYSE:MON) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 127,865 shares of the company’s stock, valued at approximately $13,068,000.
Other hedge funds have also made changes to their positions in the company. Candriam Luxembourg S.C.A. acquired a new stake in shares of Monsanto during the second quarter worth approximately $12,767,000. Nisa Investment Advisors LLC boosted its stake in shares of Monsanto by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 189,692 shares of the company’s stock worth $19,616,000 after buying an additional 5,890 shares during the period. Shell Asset Management Co. boosted its stake in shares of Monsanto by 7.7% in the second quarter. Shell Asset Management Co. now owns 131,594 shares of the company’s stock worth $13,608,000 after buying an additional 9,459 shares during the period. Mondrian Investment Partners LTD boosted its stake in shares of Monsanto by 22.1% in the second quarter. Mondrian Investment Partners LTD now owns 785,779 shares of the company’s stock worth $81,257,000 after buying an additional 142,262 shares during the period. Finally, Carmignac Gestion purchased a new stake in shares of Monsanto during the second quarter worth about $197,555,000. 73.94% of the stock is owned by institutional investors and hedge funds.
Monsanto Co. (NYSE:MON) traded up 0.3533% during midday trading on Wednesday, hitting $102.7517. 674,184 shares of the stock traded hands. The firm has a market cap of $45.00 billion, a PE ratio of 34.3881 and a beta of 1.01. Monsanto Co. has a 52-week low of $83.73 and a 52-week high of $114.26. The stock has a 50-day moving average of $100.97 and a 200 day moving average of $104.18.
Monsanto (NYSE:MON) last posted its earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The firm earned $2.56 billion during the quarter, compared to analyst estimates of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.19) EPS. Equities analysts forecast that Monsanto Co. will post $4.73 EPS for the current year.
MON has been the subject of a number of analyst reports. Vetr raised shares of Monsanto from a “buy” rating to a “strong-buy” rating and set a $117.09 price objective for the company in a research note on Wednesday, August 3rd. Monness Crespi & Hardt raised shares of Monsanto from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $106.93 to $130.00 in a research note on Monday, August 8th. Citigroup Inc. increased their price objective on shares of Monsanto from $112.00 to $116.00 and gave the stock a “neutral” rating in a research note on Friday, August 19th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $118.00 price objective on shares of Monsanto in a research note on Sunday, August 21st. Finally, Zacks Investment Research raised shares of Monsanto from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company’s stock. Monsanto currently has a consensus rating of “Buy” and an average target price of $114.06.
In related news, Director Charles S. Mcmillan purchased 3,500 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was bought at an average price of $103.23 per share, with a total value of $361,305.00. Following the acquisition, the director now owns 64,009 shares in the company, valued at $6,607,649.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kerry J. Preete sold 2,745 shares of the business’s stock in a transaction on Thursday, November 17th. The stock was sold at an average price of $100.96, for a total transaction of $277,135.20. Following the completion of the sale, the executive vice president now directly owns 50,056 shares of the company’s stock, valued at approximately $5,053,653.76. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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