First Eagle Investment Management LLC acquired a new position in Monsanto Company (NYSE:MON) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 378,238 shares of the basic materials company’s stock, valued at approximately $45,320,000. First Eagle Investment Management LLC owned about 0.09% of Monsanto as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Monsanto by 2.6% in the second quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock worth $3,636,697,000 after purchasing an additional 784,418 shares during the last quarter. BlackRock Inc. raised its stake in shares of Monsanto by 6.5% in the second quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock worth $3,302,038,000 after purchasing an additional 1,705,439 shares during the last quarter. State Street Corp raised its stake in shares of Monsanto by 0.6% in the second quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock worth $2,399,965,000 after purchasing an additional 122,814 shares during the last quarter. Northern Trust Corp raised its stake in shares of Monsanto by 0.7% in the second quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock worth $839,519,000 after purchasing an additional 47,725 shares during the last quarter. Finally, Flossbach Von Storch AG raised its stake in shares of Monsanto by 7.5% in the second quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock worth $520,429,000 after purchasing an additional 307,600 shares during the last quarter. 74.50% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently commented on MON shares. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Wednesday, August 2nd. Vetr downgraded Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price objective for the company. in a research note on Wednesday, August 2nd. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the stock a “buy” rating in a research note on Friday, August 11th. UBS AG downgraded 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. Finally, BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $124.61.
Shares of Monsanto Company (NYSE MON) traded down $0.04 during midday trading on Tuesday, reaching $118.11. The company’s stock had a trading volume of 205,971 shares, compared to its average volume of 1,937,191. Monsanto Company has a 1-year low of $97.44 and a 1-year high of $122.79. The company has a market capitalization of $52,075.66, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The business had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period in the prior year, the company earned $0.07 earnings per share. Monsanto’s revenue was up 4.8% compared to the same quarter last year. equities research analysts anticipate that Monsanto Company will post 5.74 earnings per share for the current fiscal year.
In other Monsanto news, CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total transaction of $527,040.00. Following the completion of the transaction, the chief financial officer now directly owns 48,388 shares of the company’s stock, valued at $5,903,336. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Brett D. Begemann sold 22,640 shares of the stock in a transaction on Monday, September 25th. The shares were sold at an average price of $120.03, for a total value of $2,717,479.20. Following the transaction, the chief operating officer now directly owns 85,439 shares of the company’s stock, valued at $10,255,243.17. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by corporate insiders.
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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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