Moors & Cabot Inc. cut its stake in shares of Monsanto (NYSE:MON) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,580 shares of the basic materials company’s stock after selling 800 shares during the quarter. Moors & Cabot Inc.’s holdings in Monsanto were worth $537,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Gradient Investments LLC bought a new position in Monsanto during the fourth quarter worth $108,000. Americafirst Capital Management LLC bought a new position in Monsanto during the third quarter worth $148,000. Truewealth LLC bought a new position in shares of Monsanto in the fourth quarter valued at $163,000. S&CO Inc. bought a new position in shares of Monsanto in the third quarter valued at $216,000. Finally, McKinley Carter Wealth Services Inc. bought a new position in shares of Monsanto in the fourth quarter valued at $218,000. 76.25% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have weighed in on MON. Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Wednesday, November 15th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Deutsche Bank reaffirmed a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Finally, Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Monsanto currently has a consensus rating of “Hold” and a consensus price target of $127.30.
Shares of Monsanto (NYSE:MON) traded down $0.44 during mid-day trading on Wednesday, hitting $123.15. 3,513,183 shares of the stock traded hands, compared to its average volume of 3,110,000. The stock has a market capitalization of $54,280.00, a P/E ratio of 22.76, a P/E/G ratio of 1.76 and a beta of 0.95. 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.
Monsanto (NYSE:MON) last announced its earnings results on Thursday, January 4th. The basic materials company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.77 billion. Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. equities research analysts predict that Monsanto will post 5.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be issued a $0.54 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.75%. Monsanto’s dividend payout ratio is currently 39.93%.
In other news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the sale, the executive vice president now owns 56,743 shares in the company, valued at $6,772,277.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.
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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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