B. Riley Financial Inc. Trims Position in Monsanto (NYSE:MON)

B. Riley Financial Inc. lowered its holdings in Monsanto (NYSE:MON) by 84.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,911 shares of the basic materials company’s stock after selling 10,151 shares during the period. B. Riley Financial Inc.’s holdings in Monsanto were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. York Capital Management Global Advisors LLC grew its holdings in shares of Monsanto by 14.8% in the fourth quarter. York Capital Management Global Advisors LLC now owns 6,059,514 shares of the basic materials company’s stock valued at $707,630,000 after purchasing an additional 781,259 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Monsanto by 13.5% in the fourth quarter. Geode Capital Management LLC now owns 4,840,855 shares of the basic materials company’s stock valued at $564,174,000 after purchasing an additional 575,084 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Monsanto by 30.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,881,300 shares of the basic materials company’s stock valued at $336,478,000 after purchasing an additional 675,700 shares in the last quarter. Swiss National Bank grew its holdings in shares of Monsanto by 2.6% in the fourth quarter. Swiss National Bank now owns 1,954,666 shares of the basic materials company’s stock valued at $228,266,000 after purchasing an additional 49,700 shares in the last quarter. Finally, Alpine Associates Management Inc. grew its holdings in shares of Monsanto by 12.1% in the fourth quarter. Alpine Associates Management Inc. now owns 1,865,740 shares of the basic materials company’s stock valued at $217,882,000 after purchasing an additional 202,054 shares in the last quarter. Hedge funds and other institutional investors own 75.13% of the company’s stock.

Shares of Monsanto stock opened at $125.49 on Friday. Monsanto has a 12-month low of $125.15 and a 12-month high of $125.50. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $55.29 billion, a PE ratio of 21.78, a P/E/G ratio of 2.59 and a beta of 0.95.

Monsanto (NYSE:MON) last issued its earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.09). Monsanto had a net margin of 17.07% and a return on equity of 37.31%. The company had revenue of $5.02 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the company posted $3.19 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. research analysts expect that Monsanto will post 5.7 earnings per share for the current year.

A number of research analysts recently weighed in on MON shares. ValuEngine upgraded shares of Monsanto from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Argus cut shares of Monsanto from a “buy” rating to a “sell” rating in a report on Monday, April 16th. BMO Capital Markets cut shares of Monsanto from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Zacks Investment Research cut shares of Monsanto from a “hold” rating to a “sell” rating in a report on Monday, April 9th. Finally, Sanford C. Bernstein reiterated a “neutral” rating and set a $119.00 price target on shares of Monsanto in a report on Monday, April 9th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Monsanto presently has an average rating of “Hold” and a consensus target price of $126.61.

Monsanto Profile

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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