Manning & Napier Advisors LLC reduced its holdings in Monsanto Company (NYSE:MON) by 6.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,017,223 shares of the basic materials company’s stock after selling 128,196 shares during the quarter. Monsanto comprises 2.1% of Manning & Napier Advisors LLC’s holdings, making the stock its 9th largest holding. Manning & Napier Advisors LLC owned 0.46% of Monsanto worth $241,702,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of MON. 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. 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. 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. Finally, Savant Capital LLC increased its holdings in shares of Monsanto by 0.6% during the second quarter. Savant Capital LLC now owns 3,102 shares of the basic materials company’s stock valued at $367,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 74.50% of the company’s stock.

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In other Monsanto news, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $120.03, for a total value of $2,717,479.20. Following the transaction, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven Mizell sold 11,526 shares of the company’s stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $119.70, for a total value of $1,379,662.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,236 shares of company stock worth $5,931,934. 0.79% of the stock is currently owned by corporate insiders.

Shares of Monsanto Company (MON) traded up $1.34 during midday trading on Friday, hitting $118.60. The stock had a trading volume of 2,238,400 shares, compared to its average volume of 1,942,368. Monsanto Company has a 1 year low of $100.25 and a 1 year high of $122.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.35 and a quick ratio of 0.83. The stock has a market cap of $51,617.86, a PE ratio of 21.20, a PEG ratio of 1.69 and a beta of 1.05.

Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts forecast that Monsanto Company will post 5.74 earnings per share for the current fiscal year.

Several research firms have recently commented on MON. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Monsanto in a report on Wednesday. Barclays PLC restated an “equal weight” rating and set a $124.00 price objective (up previously from $120.00) on shares of Monsanto in a report on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 target price on shares of Monsanto in a research report on Thursday, October 5th. Piper Jaffray Companies set a $128.00 target price on Monsanto and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Vetr cut Monsanto from a “buy” rating to a “hold” rating and set a $122.35 target price on the stock. in a research report on Wednesday, August 2nd. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Monsanto presently has a consensus rating of “Hold” and a consensus price target of $124.61.

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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