Hartford Investment Management Co. reduced its position in shares of Monsanto Company (NYSE:MON) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,460 shares of the basic materials company’s stock after selling 4,331 shares during the period. Hartford Investment Management Co.’s holdings in Monsanto were worth $11,299,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Swiss National Bank increased its position in shares of Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock worth $189,731,000 after buying an additional 341,400 shares during the period. United Services Automobile Association increased its stake in shares of 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 last quarter. Fisher Asset Management LLC bought a new stake in shares of Monsanto during the first quarter valued at approximately $213,000. WFG Advisors LP increased its stake in shares of 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 last quarter. Finally, Bank of The Ozarks increased its stake in shares of 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 last quarter. 75.31% of the stock is owned by institutional investors.

Shares of Monsanto Company (NYSE:MON) traded down 0.33% during trading on Friday, hitting $116.55. 1,012,471 shares of the stock traded hands. The stock has a 50-day moving average of $117.47 and a 200 day moving average of $115.08. The company has a market cap of $51.20 billion, a P/E ratio of 25.17 and a beta of 1.07. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $118.97.

Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.18 billion. During the same period last year, the business earned $2.17 earnings per share. Monsanto’s revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts predict that Monsanto Company will post $4.89 EPS for the current fiscal 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 $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.85%. Monsanto’s dividend payout ratio (DPR) is currently 46.75%.

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Several analysts recently commented on the stock. UBS AG downgraded shares of Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $128.00 target price (up previously from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Monsanto currently has an average rating of “Hold” and a consensus target price of $123.15.

In other Monsanto news, SVP Janet M. Holloway sold 3,337 shares of Monsanto stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $118.00, for a total transaction of $393,766.00. Following the completion of the sale, the senior vice president now directly owns 44,405 shares in the company, valued at $5,239,790. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total transaction of $875,914.00. Following the sale, the senior vice president now owns 33,645 shares of the company’s stock, valued at $3,970,110. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,470 shares of company stock valued at $8,791,281. 0.79% of the stock is currently owned by company insiders.

About Monsanto

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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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