Old Mutual Global Investors UK Ltd. Continues to Hold Holdings in Monsanto Company (MON)

Old Mutual Global Investors UK Ltd. maintained its stake in Monsanto Company (NYSE:MON) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,239 shares of the basic materials company’s stock at the close of the second quarter. Old Mutual Global Investors UK Ltd.’s holdings in Monsanto were worth $8,076,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Swiss National Bank raised its position in Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after purchasing an additional 341,400 shares during the period. United Services Automobile Association raised its position in Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after purchasing an additional 14,076 shares during the period. Nikko Asset Management Americas Inc. raised its position in Monsanto by 1.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock valued at $53,345,000 after purchasing an additional 5,700 shares during the period. WFG Advisors LP raised its position in Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock valued at $269,000 after purchasing an additional 387 shares during the period. Finally, Bank of The Ozarks raised its position in Monsanto by 14.2% in the first quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock valued at $1,035,000 after purchasing an additional 1,135 shares during the period. Hedge funds and other institutional investors own 74.79% of the company’s stock.

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A number of equities research analysts have commented on MON shares. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Friday, June 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a research note on Wednesday, July 12th. UBS AG cut Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a research note on Friday, August 18th. BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. Monsanto presently has an average rating of “Hold” and a consensus target price of $123.49.

Shares of Monsanto Company (NYSE MON) opened at 117.69 on Friday. The stock has a 50 day moving average price of $117.23 and a 200 day moving average price of $116.41. The stock has a market capitalization of $51.70 billion, a P/E ratio of 25.42 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $118.97.

Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.17 earnings per share. On average, equities analysts anticipate that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is 46.75%.

In related news, EVP Steven Mizell sold 11,300 shares of Monsanto stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the completion of the transaction, the executive vice president now directly owns 55,011 shares in the company, valued at $6,522,654.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of Monsanto stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

Monsanto 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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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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