Monsanto (MON) Position Cut by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its position in shares of Monsanto (NYSE:MON) by 19.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 97,394 shares of the basic materials company’s stock after selling 23,109 shares during the period. Teacher Retirement System of Texas’ holdings in Monsanto were worth $11,365,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. York Capital Management Global Advisors LLC boosted its holdings in Monsanto by 14.8% during the fourth quarter. York Capital Management Global Advisors LLC now owns 6,059,514 shares of the basic materials company’s stock worth $707,630,000 after buying an additional 781,259 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Monsanto by 13.5% during 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 lifted its holdings in Monsanto by 30.6% during 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 lifted its holdings in Monsanto by 2.6% during 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. lifted its holdings in Monsanto by 12.1% during 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. 74.85% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on the stock. Sanford C. Bernstein reaffirmed a “neutral” rating and set a $119.00 price objective on shares of Monsanto in a report on Monday, April 9th. Zacks Investment Research downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a report on Monday, April 9th. ValuEngine downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Argus downgraded shares of Monsanto from a “buy” rating to a “sell” rating in a report on Monday, April 16th. Finally, BMO Capital Markets downgraded shares of Monsanto from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the stock. Monsanto has an average rating of “Hold” and a consensus price target of $126.61.

Shares of Monsanto opened at $125.90 on Tuesday, according to Marketbeat.com. The stock has a market capitalization of $55.47 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.60 and a beta of 0.95. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. Monsanto has a 52 week low of $114.19 and a 52 week high of $126.80.

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

Monsanto Company 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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