Sandy Spring Bank boosted its stake in Monsanto Company (NYSE:MON) by 3.3% during the first quarter, Holdings Channel reports. The fund owned 31,580 shares of the basic materials company’s stock after buying an additional 1,021 shares during the period. Sandy Spring Bank’s holdings in Monsanto Company were worth $3,575,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank raised its stake in Monsanto Company by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after buying an additional 341,400 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Monsanto Company during the fourth quarter valued at about $3,344,000. Fisher Asset Management LLC purchased a new stake in Monsanto Company during the first quarter valued at about $213,000. Teachers Advisors LLC raised its stake in Monsanto Company by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 1,253,117 shares of the basic materials company’s stock valued at $131,840,000 after buying an additional 52,555 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its stake in Monsanto Company by 1.2% in the first quarter. Goelzer Investment Management Inc. now owns 40,441 shares of the basic materials company’s stock valued at $4,578,000 after buying an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.
Shares of Monsanto Company (NYSE MON) opened at 118.75 on Thursday. The stock has a 50 day moving average of $116.90 and a 200-day moving average of $112.27. The stock has a market capitalization of $52.11 billion, a P/E ratio of 27.32 and a beta of 1.10. Monsanto Company has a one year low of $97.35 and a one year high of $118.85.
Monsanto Company (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. Monsanto Company had a return on equity of 50.58% and a net margin of 13.28%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm earned $2.17 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Monsanto Company will post $4.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 7th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.82%. Monsanto Company’s dividend payout ratio is presently 49.66%.
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Several analysts have recently issued reports on MON shares. Vetr lowered shares of Monsanto Company from a “buy” rating to a “hold” rating and set a $118.00 target price for the company. in a research note on Tuesday, March 7th. Zacks Investment Research upgraded shares of Monsanto Company from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Wednesday, March 1st. Citigroup Inc. reiterated a “neutral” rating and issued a $125.00 target price (up previously from $122.00) on shares of Monsanto Company in a research note on Friday, April 14th. Royal Bank Of Canada restated a “hold” rating and set a $120.00 price target on shares of Monsanto Company in a research report on Friday, April 7th. Finally, BMO Capital Markets restated a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a research report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $121.96.
In related news, SVP Janet M. Holloway sold 3,337 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $118.00, for a total value of $393,766.00. Following the transaction, the senior vice president now directly owns 44,405 shares of the company’s stock, valued at approximately $5,239,790. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Janet M. Holloway sold 7,423 shares of the business’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total value of $875,914.00. Following the completion of the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at $3,970,110. The disclosure for this sale can be found here. Over the last three months, insiders sold 265,976 shares of company stock worth $30,918,907. 0.79% of the stock is owned by 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 digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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