Fairbanks Capital Management Inc. Has $19.74 Million Position in Monsanto (MON)
Fairbanks Capital Management Inc. cut its holdings in Monsanto (NYSE:MON) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,067 shares of the basic materials company’s stock after selling 1,809 shares during the quarter. Monsanto makes up approximately 18.1% of Fairbanks Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Fairbanks Capital Management Inc.’s holdings in Monsanto were worth $19,744,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of MON. Ffcm LLC boosted its position in Monsanto by 23.3% during the 4th quarter. Ffcm LLC now owns 15,356 shares of the basic materials company’s stock valued at $1,793,000 after acquiring an additional 2,904 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in Monsanto by 4.5% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 98,561 shares of the basic materials company’s stock valued at $11,510,000 after acquiring an additional 4,216 shares in the last quarter. RWC Asset Management LLP boosted its position in Monsanto by 3.8% during the 4th quarter. RWC Asset Management LLP now owns 81,818 shares of the basic materials company’s stock valued at $9,555,000 after acquiring an additional 3,027 shares in the last quarter. Buckley Wealth Management LLC bought a new stake in Monsanto during the 4th quarter valued at approximately $371,000. Finally, NuWave Investment Management LLC bought a new stake in Monsanto during the 4th quarter valued at approximately $1,380,000. 74.62% of the stock is currently owned by institutional investors.
In related news, EVP Steven Mizell sold 8,100 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the transaction, the executive vice president now directly owns 56,743 shares in the company, valued at approximately $6,772,277.05. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.70% of the company’s stock.
Shares of Monsanto (MON) opened at $120.44 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79. Monsanto has a 12-month low of $107.27 and a 12-month high of $123.15. The company has a market capitalization of $52,296.61, a P/E ratio of 20.70, a PEG ratio of 1.70 and a beta of 1.01.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the firm earned $0.21 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. research analysts predict that Monsanto will post 5.76 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.79%. Monsanto’s dividend payout ratio is currently 39.85%.
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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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