Monsanto Company (MON) Shares Bought by Canal Capital Management LLC
Canal Capital Management LLC boosted its position in Monsanto Company (NYSE:MON) by 17.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,683 shares of the basic materials company’s stock after buying an additional 560 shares during the quarter. Canal Capital Management LLC’s holdings in Monsanto were worth $441,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Yorkville Capital Management LLC increased its holdings in Monsanto by 2.7% in the second quarter. Yorkville Capital Management LLC now owns 18,800 shares of the basic materials company’s stock valued at $2,225,000 after buying an additional 500 shares during the last quarter. Paulson & CO. Inc. increased its holdings in Monsanto by 348.5% in the second quarter. Paulson & CO. Inc. now owns 159,200 shares of the basic materials company’s stock valued at $18,843,000 after buying an additional 123,700 shares during the last quarter. Intl Fcstone Inc. bought a new stake in Monsanto in the second quarter valued at about $794,000. Paradigm Financial Advisors LLC increased its holdings in Monsanto by 44.7% in the second quarter. Paradigm Financial Advisors LLC now owns 17,316 shares of the basic materials company’s stock valued at $2,050,000 after buying an additional 5,351 shares during the last quarter. Finally, Ashburton Jersey Ltd increased its holdings in Monsanto by 20.4% in the second quarter. Ashburton Jersey Ltd now owns 21,642 shares of the basic materials company’s stock valued at $2,562,000 after buying an additional 3,660 shares during the last quarter. 74.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Monsanto Company (NYSE MON) traded up 0.03% during trading on Friday, reaching $122.07. The company had a trading volume of 1,114,746 shares. The company has a market cap of $53.65 billion, a P/E ratio of 23.99 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $122.80. The firm has a 50-day moving average of $119.36 and a 200-day moving average of $117.53.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.61. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter last year, the business posted $0.07 earnings per share. Monsanto’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that Monsanto Company will post $5.70 EPS for the current year.
The firm also recently announced 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 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio is presently 42.27%.
In other Monsanto news, VP Nicole M. Ringenberg sold 7,890 shares of Monsanto stock in a transaction on Monday, October 16th. The shares were sold at an average price of $122.25, for a total transaction of $964,552.50. Following the completion of the sale, the vice president now owns 38,600 shares of the company’s stock, valued at approximately $4,718,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the sale, the chief operating officer now directly owns 85,439 shares of the company’s stock, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Insiders have sold a total of 44,916 shares of company stock valued at $5,404,894 in the last ninety days. Company insiders own 0.79% of the company’s stock.
MON has been the subject of several research analyst reports. UBS AG lowered Monsanto from a “positive” rating to a “neutral” rating in a report on Tuesday, June 27th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $128.00 price objective (up from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $128.00 price objective (up from $120.00) on shares of Monsanto in a report on Thursday, June 29th. Finally, Barclays PLC boosted their price objective on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Thursday, June 29th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $124.61.
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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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