Profund Advisors LLC increased its stake in Monsanto (NYSE:MON) by 74.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,681 shares of the basic materials company’s stock after purchasing an additional 19,476 shares during the quarter. Profund Advisors LLC’s holdings in Monsanto were worth $5,335,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Toronto Dominion Bank grew its position in shares of Monsanto by 6.3% in the third quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock valued at $121,519,000 after purchasing an additional 59,750 shares in the last quarter. Amalgamated Bank grew its position in Monsanto by 2.0% during the third 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 grew its position in Monsanto by 57.1% during the third 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 position in Monsanto during the third quarter worth about $1,334,000. Finally, State of Tennessee Treasury Department grew its position in Monsanto by 18.8% during the third 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 76.25% of the company’s stock.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the completion of the sale, the executive vice president now owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company’s stock.
Shares of Monsanto (NYSE MON) traded down $0.44 during mid-day trading on Wednesday, reaching $123.15. The company’s stock had a trading volume of 3,513,183 shares, compared to its average volume of 3,284,347. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. Monsanto has a 52-week low of $111.92 and a 52-week high of $124.20. The company has a market capitalization of $54,350.00, a price-to-earnings ratio of 22.76, a P/E/G ratio of 1.76 and a beta of 0.95.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the firm earned $0.21 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. equities analysts expect that Monsanto will post 5.76 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio (DPR) is currently 39.93%.
Several equities analysts recently commented on MON shares. Deutsche Bank restated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Royal Bank of Canada restated a “hold” rating and set a $128.00 target price on shares of Monsanto in a research report on Wednesday, November 15th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $128.00 target price (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. 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 stock has a consensus rating of “Hold” and an average price target of $127.30.
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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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