Monsanto Company (MON) Shares Bought by Forbes J M & Co. LLP
Forbes J M & Co. LLP lifted its position in Monsanto Company (NYSE:MON) by 15.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,212 shares of the basic materials company’s stock after purchasing an additional 292 shares during the quarter. Forbes J M & Co. LLP’s holdings in Monsanto were worth $261,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MON. Swiss National Bank grew its position in Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock worth $189,731,000 after acquiring an additional 341,400 shares in the last quarter. United Services Automobile Association grew its position in Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock worth $30,041,000 after acquiring an additional 14,076 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in Monsanto by 1.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock worth $53,345,000 after acquiring an additional 5,700 shares in the last quarter. WFG Advisors LP grew its position in Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock worth $269,000 after acquiring an additional 387 shares in the last quarter. Finally, Bank of The Ozarks grew its position in Monsanto by 14.2% in the first quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock worth $1,035,000 after acquiring an additional 1,135 shares in the last quarter. 74.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the transaction, the executive vice president now directly owns 55,011 shares in the company, valued at $6,522,654.27. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.
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Several research firms have issued reports on MON. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Barclays PLC upped their price target on shares of Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $128.00 target price (up from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $128.00 target price on shares of Monsanto in a report on Friday, September 15th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Monsanto currently has a consensus rating of “Hold” and a consensus price target of $124.09.
Shares of Monsanto Company (NYSE:MON) opened at 119.44 on Thursday. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $119.60. The stock’s 50 day moving average is $117.37 and its 200 day moving average is $116.53. The company has a market capitalization of $52.47 billion, a P/E ratio of 25.80 and a beta of 1.07.
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, topping the Zacks’ consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm posted $2.17 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Monsanto Company will post $4.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.81%. The ex-dividend date is Thursday, October 5th. Monsanto’s payout ratio is 46.75%.
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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