Plancorp LLC continued to hold its position in shares of Monsanto Company (NYSE:MON) during the second quarter, Holdings Channel reports. The firm owned 85,692 shares of the basic materials company’s stock at the end of the second quarter. Monsanto accounts for 3.0% of Plancorp LLC’s portfolio, making the stock its 6th largest position. Plancorp LLC’s holdings in Monsanto were worth $10,141,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of MON. Whitnell & Co. raised its position in shares of Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock valued at $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. acquired a new position in shares of Monsanto during the first quarter valued at about $113,000. Acrospire Investment Management LLC acquired a new position in shares of Monsanto during the first quarter valued at about $113,000. JNBA Financial Advisors raised its position in shares of Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock valued at $135,000 after buying an additional 45 shares in the last quarter. Finally, Penserra Capital Management LLC raised its position in shares of Monsanto by 9.5% in the first quarter. Penserra Capital Management LLC now owns 1,288 shares of the basic materials company’s stock valued at $145,000 after buying an additional 112 shares in the last quarter. Institutional investors and hedge funds own 75.31% of the company’s stock.

Shares of Monsanto Company (MON) traded down 0.33% during midday trading on Friday, hitting $116.55. The stock had a trading volume of 1,012,471 shares. The firm 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 52 week low of $97.35 and a 52 week high of $118.97. The company’s 50 day moving average is $117.47 and its 200 day moving average is $115.08.

Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. Monsanto’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.17 earnings per share. On average, equities analysts predict that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. Monsanto’s dividend payout ratio (DPR) is currently 46.75%.

COPYRIGHT VIOLATION WARNING: “Plancorp LLC Continues to Hold Stake in Monsanto Company (NYSE:MON)” was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/13/plancorp-llc-continues-to-hold-stake-in-monsanto-company-nysemon.html.

Several equities analysts recently issued reports on MON shares. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Friday, June 16th. Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a research report on Friday. Barclays PLC boosted their price objective on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, June 29th. Finally, BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Two 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 stock presently has an average rating of “Hold” and an average price target of $123.15.

In related news, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the sale, the senior vice president now directly owns 33,645 shares in the company, valued at $3,970,110. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of Monsanto stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the sale, the executive vice president now owns 55,011 shares in the company, valued at $6,522,654.27. The disclosure for this sale can be found here. Insiders have sold 74,470 shares of company stock worth $8,791,281 over the last quarter. 0.79% of the stock is currently owned by corporate 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.

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.