E&G Advisors LP reduced its position in shares of Monsanto Company (NYSE:MON) by 7.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the basic materials company’s stock after selling 200 shares during the period. E&G Advisors LP’s holdings in Monsanto were worth $296,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MON. Swiss National Bank increased its position in Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after buying an additional 341,400 shares during the period. United Services Automobile Association increased its position in Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after buying an additional 14,076 shares during the period. Fisher Asset Management LLC purchased a new position in Monsanto during the first quarter valued at about $213,000. WFG Advisors LP increased its position in Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock valued at $269,000 after buying an additional 387 shares during the period. Finally, Bank of The Ozarks increased its position in Monsanto by 14.2% in the first quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 1,135 shares during the period. 75.31% of the stock is owned by institutional investors.

Monsanto Company (MON) traded down 0.3746% during mid-day trading on Wednesday, reaching $116.8208. The company’s stock had a trading volume of 907,145 shares. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $118.97. The firm has a market capitalization of $51.32 billion, a price-to-earnings ratio of 25.2313 and a beta of 1.07. The firm has a 50-day moving average of $117.53 and a 200 day moving average of $114.77.

Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.19. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.17 EPS. Equities analysts expect that Monsanto Company will post $4.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Wednesday, July 5th. Monsanto’s dividend payout ratio is currently 46.75%.

WARNING: “Monsanto Company (MON) Position Cut by E&G Advisors LP” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/08/09/monsanto-company-mon-position-cut-by-eg-advisors-lp.html.

Several research analysts have recently issued reports on MON shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $128.00 price target (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Friday, June 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a research note on Wednesday, July 12th. Jefferies Group LLC downgraded Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price target for the company. in a research note on Wednesday, July 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $125.00 price target (up previously from $122.00) on shares of Monsanto in a research note on Friday, April 14th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $123.15.

In other news, SVP Janet M. Holloway sold 7,423 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the completion of the sale, the senior vice president now directly owns 33,645 shares of the company’s stock, valued at approximately $3,970,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Janet M. Holloway sold 3,337 shares of the firm’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $118.00, for a total value of $393,766.00. Following the sale, the senior vice president now directly owns 44,405 shares of the company’s stock, valued at $5,239,790. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,470 shares of company stock valued at $8,791,281. Company 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.

Want to see what other hedge funds are holding MON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monsanto Company (NYSE:MON).

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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.