Fulton Bank N.A. Buys Shares of 2,265 Monsanto Company (NYSE:MON)
Fulton Bank N.A. bought a new stake in shares of Monsanto Company (NYSE:MON) during the second quarter, Holdings Channel reports. The fund bought 2,265 shares of the basic materials company’s stock, valued at approximately $268,000.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after buying an additional 25,140,936 shares in the last quarter. State Street Corp boosted its position in shares of Monsanto by 1.2% in the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock valued at $2,281,433,000 after buying an additional 234,582 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock valued at $1,618,703,000 after buying an additional 499,639 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Monsanto by 7.7% in the first quarter. Geode Capital Management LLC now owns 4,125,879 shares of the basic materials company’s stock valued at $466,359,000 after buying an additional 295,452 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its position in shares of Monsanto by 33.9% in the first quarter. Flossbach Von Storch AG now owns 4,089,400 shares of the basic materials company’s stock valued at $462,920,000 after buying an additional 1,034,400 shares in the last quarter. 75.31% of the stock is currently owned by hedge funds and other institutional investors.
Monsanto Company (NYSE:MON) traded down 0.369% during mid-day trading on Monday, hitting $117.405. 201,589 shares of the company traded hands. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 25.357 and a beta of 1.07. The company’s 50-day moving average price is $117.53 and its 200 day moving average price is $114.70. Monsanto Company has a one year low of $97.35 and a one year high of $118.97.
Monsanto (NYSE:MON) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The business 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 business earned $2.17 EPS. Monsanto’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts anticipate that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. Monsanto’s payout ratio is 46.75%.
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Several brokerages have recently issued reports on MON. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Barclays PLC lifted their price objective on shares of Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 29th. Zacks Investment Research cut shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $126.00 price objective (up previously from $125.00) on shares of Monsanto in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $123.15.
In related news, EVP Steven Mizell sold 11,300 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at approximately $6,522,654.27. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is owned by company insiders.
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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