Pittenger & Anderson Inc. Continues to Hold Holdings in Monsanto Company (MON)

Pittenger & Anderson Inc. maintained its position in shares of Monsanto Company (NYSE:MON) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,350 shares of the basic materials company’s stock at the end of the 2nd quarter. Pittenger & Anderson Inc.’s holdings in Monsanto were worth $278,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Monsanto by 2,390.1% during the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after buying an additional 25,140,936 shares during the last quarter. State Street Corp raised its position in shares of Monsanto by 1.2% during the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock valued at $2,281,433,000 after buying an additional 234,582 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Monsanto by 3.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock valued at $1,618,703,000 after buying an additional 499,639 shares during the last quarter. Flossbach Von Storch AG raised its position in shares of Monsanto by 7.5% during the second quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock valued at $520,429,000 after buying an additional 307,600 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Monsanto by 7.7% during the first quarter. Geode Capital Management LLC now owns 4,125,879 shares of the basic materials company’s stock valued at $466,359,000 after buying an additional 295,452 shares during the last quarter. Hedge funds and other institutional investors own 74.79% of the company’s stock.

Monsanto Company (MON) opened at 118.27 on Friday. The company has a market cap of $51.96 billion, a PE ratio of 25.54 and a beta of 1.07. Monsanto Company has a 52-week low of $97.35 and a 52-week high of $118.97. The firm’s 50-day moving average is $117.25 and its 200-day moving average is $116.44.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.

In related news, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the firm’s 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 sale, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.

WARNING: “Pittenger & Anderson Inc. Continues to Hold Holdings in Monsanto Company (MON)” was first reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/09/17/pittenger-anderson-inc-continues-to-hold-holdings-in-monsanto-company-mon.html.

Several equities research analysts have recently issued reports on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research report on Friday, June 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research report on Wednesday, July 12th. UBS AG cut shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a research report on Friday, August 18th. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price target (up previously from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Monsanto has a consensus rating of “Hold” and an average price target of $124.09.

Monsanto Company 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.

Want to see what other hedge funds are holding MON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monsanto Company (NYSE:MON).

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply