Argent Trust Co continued to hold its stake in shares of Monsanto Company (NYSE:MON) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,553 shares of the basic materials company’s stock at the end of the 2nd quarter. Argent Trust Co’s holdings in Monsanto were worth $657,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Swiss National Bank increased its stake in Monsanto by 25.6% during the 1st quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after buying an additional 341,400 shares during the period. United Services Automobile Association increased its stake in Monsanto by 5.6% during the 1st 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 period. Nikko Asset Management Americas Inc. increased its stake in Monsanto by 1.3% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock valued at $53,345,000 after buying an additional 5,700 shares during the period. WFG Advisors LP increased its stake in Monsanto by 19.4% during the 1st 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 period. Finally, Bank of The Ozarks increased its stake in Monsanto by 14.2% during the 1st 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 period. Hedge funds and other institutional investors own 74.79% of the company’s stock.

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In other news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The transaction 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 the 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 completion of the sale, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at approximately $6,522,654.27. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Several equities analysts have commented on MON shares. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Friday, June 16th. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research note on Wednesday, July 12th. UBS AG cut shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a research note on Friday, August 18th. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and nine have given a buy rating to the stock. Monsanto presently has an average rating of “Hold” and an average price target of $123.49.

Shares of Monsanto Company (NYSE MON) opened at 117.69 on Friday. The firm has a market capitalization of $51.70 billion, a PE ratio of 25.42 and a beta of 1.07. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $118.97. The firm has a 50-day moving average of $117.23 and a 200-day moving average of $116.41.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is currently 46.75%.

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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