Ledyard National Bank cut its stake in Monsanto Company (NYSE:MON) by 28.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,842 shares of the basic materials company’s stock after selling 747 shares during the period. Ledyard National Bank’s holdings in Monsanto were worth $218,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Delta Asset Management LLC TN increased its position in shares of Monsanto by 0.5% in the first quarter. Delta Asset Management LLC TN now owns 1,950 shares of the basic materials company’s stock valued at $221,000 after buying an additional 10 shares in the last quarter. Savant Capital LLC increased its position in shares of Monsanto by 0.4% in the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock valued at $349,000 after buying an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in shares of Monsanto by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after buying an additional 11 shares in the last quarter. Greenwich Wealth Management LLC increased its position in shares of Monsanto by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 2,565 shares of the basic materials company’s stock valued at $290,000 after buying an additional 15 shares in the last quarter. Finally, Dubuque Bank & Trust Co. increased its position in shares of Monsanto by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 3,425 shares of the basic materials company’s stock valued at $388,000 after buying an additional 25 shares in the last quarter. 75.31% of the stock is currently owned by institutional investors.

Monsanto Company (NYSE MON) traded down 0.33% during midday trading on Friday, reaching $116.55. The company had a trading volume of 1,012,471 shares. The stock has a 50-day moving average price of $117.47 and a 200 day moving average price of $115.08. The company has a market capitalization of $51.20 billion, a PE ratio of 25.17 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $118.97.

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, beating analysts’ consensus estimates of $1.74 by $0.19. The company had revenue of $4.23 billion for 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 firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.17 EPS. Equities analysts forecast that Monsanto Company will post $4.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is 46.75%.

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A number of analysts have recently issued reports on the company. UBS AG cut Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. BidaskClub cut Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $128.00 price objective (up from $125.00) on shares of Monsanto in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $123.15.

In related news, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $118.57, for a total value 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 $6,522,654.27. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock worth $8,791,281 over the last three months. 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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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