Koch Industries Inc. Invests $2.57 Million in Monsanto (MON)
Koch Industries Inc. bought a new position in shares of Monsanto (NYSE:MON) during the 4th quarter, Holdings Channel reports. The fund bought 22,000 shares of the basic materials company’s stock, valued at approximately $2,569,000. Monsanto accounts for approximately 0.4% of Koch Industries Inc.’s portfolio, making the stock its 18th largest holding.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Toronto Dominion Bank boosted its position in shares of Monsanto by 6.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock worth $121,519,000 after buying an additional 59,750 shares in the last quarter. Amalgamated Bank boosted its position in shares of Monsanto by 2.0% in the 3rd quarter. Amalgamated Bank now owns 52,909 shares of the basic materials company’s stock worth $6,340,000 after buying an additional 1,022 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Monsanto by 57.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,342,693 shares of the basic materials company’s stock worth $280,696,000 after buying an additional 851,369 shares in the last quarter. Opera Trading Capital purchased a new stake in shares of Monsanto in the 3rd quarter worth about $1,334,000. Finally, State of Tennessee Treasury Department boosted its position in shares of Monsanto by 18.8% in the 3rd quarter. State of Tennessee Treasury Department now owns 319,513 shares of the basic materials company’s stock worth $38,284,000 after buying an additional 50,494 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.
In other news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the completion of the transaction, the executive vice president now owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.70% of the company’s stock.
Monsanto (NYSE:MON) last announced its earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. equities analysts expect that Monsanto will post 5.76 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, April 5th. Monsanto’s payout ratio is 39.85%.
Several research firms recently commented on MON. Wells Fargo & Co reiterated a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $127.30.
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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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