Korea Investment CORP lowered its stake in shares of Monsanto (NYSE:MON) by 33.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 268,466 shares of the basic materials company’s stock after selling 137,696 shares during the quarter. Korea Investment CORP owned about 0.06% of Monsanto worth $31,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Gradient Investments LLC purchased a new stake in Monsanto in the fourth quarter worth about $108,000. Elkfork Partners LLC bought a new position in Monsanto during the fourth quarter valued at approximately $162,000. Truewealth LLC bought a new position in Monsanto in the fourth quarter worth approximately $163,000. Flinton Capital Management LLC raised its position in Monsanto by 90.9% in the fourth quarter. Flinton Capital Management LLC now owns 1,764 shares of the basic materials company’s stock worth $206,000 after acquiring an additional 840 shares during the period. Finally, HBK Sorce Advisory LLC bought a new position in Monsanto in the fourth quarter worth approximately $212,000. Institutional investors own 75.13% of the company’s stock.
MON has been the subject of a number of analyst reports. BMO Capital Markets cut shares of Monsanto from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 10th. Argus lowered shares of Monsanto from a “buy” rating to a “sell” rating in a research report on Monday, April 16th. Zacks Investment Research lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Monday, April 9th. Sanford C. Bernstein restated a “neutral” rating and issued a $119.00 target price on shares of Monsanto in a report on Monday, April 9th. Finally, ValuEngine upgraded shares of Monsanto from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $126.61.
NYSE MON opened at $125.85 on Friday. Monsanto has a 12 month low of $114.19 and a 12 month high of $126.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.41. The stock has a market capitalization of $55.32 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.59 and a beta of 0.95.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.31 by ($0.09). The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.34 billion. Monsanto had a return on equity of 37.31% and a net margin of 17.07%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.19 EPS. analysts predict that Monsanto will post 5.7 EPS for the current fiscal year.
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.
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