Profund Advisors LLC Sells 11,541 Shares of Monsanto Company (MON)
Profund Advisors LLC reduced its stake in shares of Monsanto Company (NYSE:MON) by 28.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,168 shares of the basic materials company’s stock after selling 11,541 shares during the quarter. Profund Advisors LLC’s holdings in Monsanto were worth $3,452,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the company. Loews Corp bought a new position in shares of Monsanto during the second quarter valued at about $202,000. BT Investment Management Ltd bought a new position in shares of Monsanto during the second quarter valued at about $4,292,000. Destination Wealth Management grew its stake in shares of Monsanto by 1.3% during the second quarter. Destination Wealth Management now owns 79,982 shares of the basic materials company’s stock valued at $9,467,000 after buying an additional 1,043 shares during the last quarter. Amalgamated Bank grew its stake in shares of Monsanto by 60.9% during the second quarter. Amalgamated Bank now owns 51,887 shares of the basic materials company’s stock valued at $6,141,000 after buying an additional 19,636 shares during the last quarter. Finally, Forbes J M & Co. LLP grew its stake in shares of Monsanto by 15.2% during the second quarter. Forbes J M & Co. LLP now owns 2,212 shares of the basic materials company’s stock valued at $261,000 after buying an additional 292 shares during the last quarter. 74.78% of the stock is currently owned by hedge funds and other institutional investors.
In other Monsanto news, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction dated 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 directly owns 55,011 shares in the company, valued at approximately $6,522,654.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.
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Shares of Monsanto Company (NYSE:MON) opened at 119.77 on Friday. The firm’s 50-day moving average price is $117.37 and its 200 day moving average price is $116.53. The company has a market capitalization of $52.62 billion, a PE ratio of 25.87 and a beta of 1.07. Monsanto Company has a 52-week low of $97.35 and a 52-week high of $119.82.
Monsanto (NYSE:MON) last issued its 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 the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 EPS. On average, equities analysts forecast that Monsanto Company will post $4.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.80%. Monsanto’s dividend payout ratio is currently 46.75%.
A number of research analysts have recently issued reports on MON shares. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Friday, June 16th. UBS AG cut Monsanto from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 27th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $128.00 target price (up from $125.00) on shares of Monsanto in a research note on Tuesday, June 27th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price on the stock in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 target price (up from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $124.09.
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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