Quantitative Systematic Strategies LLC lowered its stake in shares of Monsanto Company (NYSE:MON) by 66.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,535 shares of the basic materials company’s stock after selling 14,855 shares during the quarter. Quantitative Systematic Strategies LLC’s holdings in Monsanto were worth $903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Puplava Financial Services Inc. increased its holdings in shares of Monsanto by 0.4% during the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after acquiring an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in shares of Monsanto by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 11 shares in the last quarter. Enterprise Financial Services Corp increased its holdings in shares of Monsanto by 1.2% during the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after acquiring an additional 16 shares in the last quarter. Forward Management LLC increased its holdings in shares of Monsanto by 0.5% during the second quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock valued at $379,000 after acquiring an additional 16 shares in the last quarter. Finally, Lee Financial Co increased its holdings in shares of Monsanto by 0.3% during the second quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock valued at $718,000 after acquiring an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Monsanto Company (NYSE MON) traded up 0.10% during midday trading on Friday, reaching $122.15. The company’s stock had a trading volume of 1,552,031 shares. The stock’s 50 day moving average is $119.50 and its 200 day moving average is $117.58. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $122.80. The stock has a market cap of $53.68 billion, a P/E ratio of 24.00 and a beta of 1.07.

Monsanto (NYSE:MON) last announced its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 1.24% and a net margin of 0.93%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted $0.07 EPS. The company’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that Monsanto Company will post $5.70 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 is Thursday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.77%. Monsanto’s dividend payout ratio (DPR) is currently 42.27%.

Several equities analysts have recently issued reports on MON shares. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a report on Wednesday, July 12th. Wells Fargo & Company upped their price objective on shares of Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. UBS AG downgraded shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a report on Friday, August 18th. Finally, BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Monsanto presently has an average rating of “Hold” and a consensus target price of $124.61.

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In other Monsanto news, EVP Steven Mizell sold 11,526 shares of Monsanto stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.00, for a total value of $343,200.00. The disclosure for this sale can be found here. Insiders sold a total of 44,916 shares of company stock worth $5,404,894 over the last quarter. Company 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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