Janney Montgomery Scott LLC Has $4.15 Million Position in Monsanto Company (MON)
Janney Montgomery Scott LLC raised its position in shares of Monsanto Company (NYSE:MON) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 35,078 shares of the basic materials company’s stock after buying an additional 627 shares during the period. Janney Montgomery Scott LLC’s holdings in Monsanto were worth $4,152,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of MON. BlackRock Inc. boosted its position in Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after buying an additional 25,140,936 shares during the period. State Street Corp boosted its position in Monsanto by 1.2% in the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock valued at $2,281,433,000 after buying an additional 234,582 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock valued at $1,618,703,000 after buying an additional 499,639 shares during the period. Flossbach Von Storch AG boosted its position in Monsanto by 7.5% in the second quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock valued at $520,429,000 after buying an additional 307,600 shares during the period. Finally, Geode Capital Management LLC boosted its position in Monsanto by 7.7% in the first quarter. Geode Capital Management LLC now owns 4,125,879 shares of the basic materials company’s stock valued at $466,359,000 after buying an additional 295,452 shares during the period. Hedge funds and other institutional investors own 75.28% of the company’s stock.
Shares of Monsanto Company (MON) opened at 117.70 on Thursday. The company has a market cap of $51.71 billion, a price-to-earnings ratio of 25.42 and a beta of 1.07. The stock has a 50 day moving average of $117.46 and a 200 day moving average of $115.29. Monsanto Company has a 52-week low of $97.35 and a 52-week high of $118.97.
Monsanto (NYSE:MON) last announced its quarterly earnings results 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 firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 EPS. On average, equities research analysts expect that Monsanto Company will post $4.89 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s payout ratio is presently 46.75%.
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Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Barclays PLC boosted their price target on shares of Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Thursday, June 29th. Royal Bank Of Canada restated a “sector perform” rating and set a $128.00 price target (up from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Zacks Investment Research cut shares of Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Citigroup Inc. restated a “neutral” rating and set a $126.00 price target (up from $125.00) on shares of Monsanto in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.15.
In related news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Janet M. Holloway sold 7,423 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at approximately $3,970,110. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,470 shares of company stock worth $8,791,281. 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.
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