State Board of Administration of Florida Retirement System increased its position in Monsanto Company (NYSE:MON) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 655,129 shares of the company’s stock after buying an additional 2,254 shares during the period. State Board of Administration of Florida Retirement System owned about 0.15% of Monsanto Company worth $68,926,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in shares of Monsanto Company by 6.4% in the fourth quarter. Bessemer Group Inc. now owns 26,119 shares of the company’s stock valued at $2,748,000 after buying an additional 1,562 shares in the last quarter. Micawber Capital LLC acquired a new stake in shares of Monsanto Company during the fourth quarter valued at $2,156,000. Radnor Capital Management LLC acquired a new stake in shares of Monsanto Company during the fourth quarter valued at $426,000. JNBA Financial Advisors boosted its stake in shares of Monsanto Company by 24.6% in the fourth quarter. JNBA Financial Advisors now owns 1,148 shares of the company’s stock valued at $121,000 after buying an additional 227 shares in the last quarter. Finally, Smith Moore & CO. boosted its stake in shares of Monsanto Company by 57.7% in the fourth quarter. Smith Moore & CO. now owns 21,945 shares of the company’s stock valued at $2,309,000 after buying an additional 8,025 shares in the last quarter. 74.93% of the stock is currently owned by hedge funds and other institutional investors.
Monsanto Company (NYSE:MON) traded up 0.04% on Friday, hitting $107.57. 911,166 shares of the stock were exchanged. The company has a 50-day moving average of $107.66 and a 200-day moving average of $104.63. Monsanto Company has a 12 month low of $83.73 and a 12 month high of $114.26. The stock has a market cap of $47.18 billion, a price-to-earnings ratio of 29.50 and a beta of 0.93.
Monsanto Company (NYSE:MON) last issued its quarterly earnings results on Thursday, January 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.20. Monsanto Company had a net margin of 11.61% and a return on equity of 47.05%. The company earned $2.22 billion during the quarter. During the same period last year, the business earned ($0.11) earnings per share. The company’s revenue was up 19.4% on a year-over-year basis. On average, equities analysts predict that Monsanto Company will post $4.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 7th will be given a dividend of $0.54 per share. The ex-dividend date is Wednesday, April 5th. This represents a $2.16 dividend on an annualized basis and a yield of 2.01%. Monsanto Company’s dividend payout ratio (DPR) is currently 58.86%.
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Several analysts recently weighed in on the stock. Sanford C. Bernstein set a $105.00 price objective on shares of Monsanto Company and gave the stock a “neutral” rating in a research note on Thursday, January 5th. Zacks Investment Research cut shares of Monsanto Company from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Vetr cut shares of Monsanto Company from a “strong-buy” rating to a “buy” rating and set a $111.12 price objective on the stock. in a research note on Tuesday, November 22nd. OTR Global raised shares of Monsanto Company from a “negative” rating to a “mixed” rating in a research note on Friday, November 18th. Finally, CLSA raised shares of Monsanto Company from an “underperform” rating to an “outperform” rating in a research note on Friday, January 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $114.46.
In other Monsanto Company news, CEO Michael K. Stern sold 5,670 shares of Monsanto Company stock in a transaction dated Wednesday, January 25th. The shares were sold at an average price of $110.00, for a total value of $623,700.00. Following the completion of the transaction, the chief executive officer now directly owns 20,534 shares of the company’s stock, valued at $2,258,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kerry J. Preete sold 2,745 shares of Monsanto Company stock in a transaction dated Thursday, November 17th. The stock was sold at an average price of $100.96, for a total transaction of $277,135.20. Following the completion of the transaction, the executive vice president now directly owns 50,056 shares of the company’s stock, valued at $5,053,653.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,940 shares of company stock valued at $1,174,949. 0.79% of the stock is currently owned by corporate insiders.
Monsanto Company 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 precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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