Plancorp LLC Continues to Hold Stake in Monsanto Company (NYSE:MON)
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%.
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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.
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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