Colony Group LLC acquired a new stake in shares of Monsanto Company (NYSE:MON) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,528 shares of the basic materials company’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Financial Partners Inc. purchased a new stake in shares of Monsanto during the second quarter valued at $114,000. Bruderman Asset Management LLC purchased a new stake in shares of Monsanto during the second quarter valued at $116,000. Tower Research Capital LLC TRC grew its holdings in shares of Monsanto by 230.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock valued at $128,000 after buying an additional 750 shares during the last quarter. JNBA Financial Advisors grew its holdings in shares of Monsanto by 3.9% during 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 during the last quarter. Finally, Armbruster Capital Management Inc. grew its holdings in shares of Monsanto by 12.2% during the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock valued at $136,000 after buying an additional 125 shares during the last quarter. 74.77% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts have commented on MON shares. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Monday, September 4th. BMO Capital Markets reaffirmed a “buy” rating and issued a $128.00 price target on shares of Monsanto in a report on Friday, September 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $128.00 price target on shares of Monsanto in a report on Friday, September 15th. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Finally, Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target on the stock in a report on Wednesday, July 12th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $124.61.

Monsanto Company (MON) remained flat at $122.42 during midday trading on Tuesday. The stock had a trading volume of 332,609 shares. The firm’s 50 day moving average price is $118.79 and its 200 day moving average price is $117.33. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $122.80. The company has a market cap of $53.80 billion, a P/E ratio of 24.06 and a beta of 1.07.

Monsanto (NYSE:MON) last issued its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that Monsanto Company will post $5.70 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Thursday, October 5th. Monsanto’s payout ratio is 42.27%.

In related news, VP Duraiswami Narain sold 2,860 shares of the business’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.00, for a total transaction of $343,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Steven Mizell sold 11,526 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $119.70, for a total transaction of $1,379,662.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,026 shares of company stock worth $4,440,341. 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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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