Middleton & Co Inc MA raised its position in Monsanto Company (NYSE:MON) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,640 shares of the basic materials company’s stock after buying an additional 10 shares during the period. Middleton & Co Inc MA’s holdings in Monsanto were worth $1,733,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. First PREMIER Bank raised its stake in shares of Monsanto by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock worth $102,000 after buying an additional 36 shares in the last quarter. Whitnell & Co. raised its stake in shares of Monsanto by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock worth $111,000 after buying an additional 256 shares in the last quarter. Hartford Financial Management Inc. acquired a new stake in shares of Monsanto during the first quarter worth $113,000. Acrospire Investment Management LLC acquired a new stake in shares of Monsanto during the first quarter worth $113,000. Finally, JNBA Financial Advisors raised its stake in shares of Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 75.31% of the company’s stock.
Monsanto Company (NYSE MON) traded down 0.33% during mid-day trading on Friday, hitting $116.55. The company’s stock had a trading volume of 1,012,471 shares. The company has a market cap of $51.20 billion, a P/E ratio of 25.17 and a beta of 1.07. The firm’s 50-day moving average is $117.47 and its 200-day moving average is $115.08. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $118.97.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the prior year, the business posted $2.17 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that Monsanto Company will post $4.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. Monsanto’s dividend payout ratio (DPR) is 46.75%.
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A number of research analysts have recently commented on the company. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research note on Tuesday, June 27th. Barclays PLC raised their target price on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, June 29th. Jefferies Group LLC cut Monsanto from a “buy” rating to a “hold” rating and set a $128.00 target price for the company. in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies set a $128.00 target price on Monsanto and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.15.
In related news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the completion of the transaction, the executive vice president now owns 55,011 shares in the company, valued at approximately $6,522,654.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock valued at $8,791,281 in the last 90 days. 0.79% of the stock is currently owned by company insiders.
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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