Roosevelt Investment Group Inc. continued to hold its position in shares of Monsanto Company (NYSE:MON) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,133 shares of the basic materials company’s stock at the end of the second quarter. Roosevelt Investment Group Inc.’s holdings in Monsanto were worth $252,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in shares of Monsanto during the 1st quarter worth about $113,000. Pinnacle Financial Partners Inc. acquired a new position in shares of Monsanto during the 2nd quarter worth about $114,000. JNBA Financial Advisors increased its stake in shares of Monsanto by 3.9% during the 1st quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 45 shares during the last quarter. Armbruster Capital Management Inc. increased its stake in shares of Monsanto by 12.2% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 125 shares during the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Monsanto by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 1,288 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 74.78% of the company’s stock.
Shares of Monsanto Company (MON) opened at 119.41 on Wednesday. The company has a market cap of $52.46 billion, a P/E ratio of 25.79 and a beta of 1.07. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $119.60. The firm has a 50-day moving average of $117.37 and a 200-day moving average of $116.53.
Monsanto (NYSE:MON) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $2.17 earnings per share. Analysts predict that Monsanto Company will post $4.89 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be paid a $0.54 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.81%. Monsanto’s payout ratio is 46.75%.
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MON has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research note on Friday, September 1st. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target on the stock in a research note on Wednesday, July 12th. Ten analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $124.09.
In related news, EVP Steven Mizell sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the transaction, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. 0.79% of the stock is owned by company insiders.
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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