Monsanto Company (MON) Holdings Raised by Mitsubishi UFJ Trust & Banking Corp
Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Monsanto Company (NYSE:MON) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 892,789 shares of the basic materials company’s stock after acquiring an additional 3,968 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.20% of Monsanto worth $106,974,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Meyer Handelman Co. increased its position in shares of Monsanto by 0.6% during the third quarter. Meyer Handelman Co. now owns 124,552 shares of the basic materials company’s stock valued at $14,923,000 after acquiring an additional 706 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Monsanto by 6.3% during the third quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock valued at $121,519,000 after acquiring an additional 59,750 shares during the last quarter. Nikko Asset Management Americas Inc. increased its position in shares of Monsanto by 1.3% during the second quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock valued at $53,345,000 after acquiring an additional 5,700 shares during the last quarter. Oakbrook Investments LLC increased its position in shares of Monsanto by 7.4% during the third quarter. Oakbrook Investments LLC now owns 20,350 shares of the basic materials company’s stock valued at $2,438,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Aviva PLC increased its position in shares of Monsanto by 1.2% during the second quarter. Aviva PLC now owns 304,501 shares of the basic materials company’s stock valued at $36,052,000 after acquiring an additional 3,569 shares during the last quarter. Institutional investors and hedge funds own 76.00% of the company’s stock.
In related news, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.03, for a total value of $2,717,479.20. Following the completion of the transaction, the chief operating officer now owns 85,439 shares in the company, valued at $10,255,243.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of Monsanto stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total transaction of $527,040.00. Following the completion of the transaction, the chief financial officer now owns 48,388 shares of the company’s stock, valued at approximately $5,903,336. The disclosure for this sale can be found here. Insiders sold 49,236 shares of company stock valued at $5,931,934 in the last quarter. 0.79% of the stock is owned by insiders.
Monsanto Company (NYSE:MON) traded up $0.31 during midday trading on Wednesday, hitting $118.68. 1,780,300 shares of the stock traded hands, compared to its average volume of 1,934,834. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12. Monsanto Company has a twelve month low of $101.56 and a twelve month high of $122.79. The stock has a market capitalization of $52,240.00, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 firm posted $0.07 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts forecast that Monsanto Company will post 5.74 EPS for the current fiscal year.
MON has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a research report on Tuesday, August 29th. Piper Jaffray Companies set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a research note on Friday, August 11th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 1st. Barclays reissued an “equal weight” rating and issued a $124.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Finally, Jefferies Group reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 15th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $124.61.
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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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