Old Mutual Global Investors UK Ltd. raised its holdings in shares of Monsanto (NYSE:MON) by 20.3% during the fourth quarter, HoldingsChannel reports. The firm owned 83,740 shares of the basic materials company’s stock after buying an additional 14,102 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Monsanto were worth $9,779,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of MON. WINTON GROUP Ltd increased its position in shares of Monsanto by 28.9% during the second quarter. WINTON GROUP Ltd now owns 12,221 shares of the basic materials company’s stock worth $1,446,000 after purchasing an additional 2,738 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Monsanto during the second quarter worth $289,000. Intl Fcstone Inc. acquired a new position in shares of Monsanto during the second quarter worth $794,000. Canal Capital Management LLC increased its position in shares of Monsanto by 17.9% during the third quarter. Canal Capital Management LLC now owns 3,683 shares of the basic materials company’s stock worth $441,000 after purchasing an additional 560 shares in the last quarter. Finally, Shell Asset Management Co. increased its position in shares of Monsanto by 21.2% during the third quarter. Shell Asset Management Co. now owns 198,338 shares of the basic materials company’s stock worth $22,315,000 after purchasing an additional 34,628 shares in the last quarter. 74.62% of the stock is currently owned by institutional investors and hedge funds.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the sale, the executive vice president now directly owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the previous year, the company posted $0.21 earnings per share. Monsanto’s revenue for the quarter was up .3% compared to the same quarter last year. analysts predict that Monsanto will post 5.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s payout ratio is 39.93%.
A number of brokerages have recently weighed in on MON. Royal Bank of Canada reissued a “hold” rating and set a $128.00 price objective on shares of Monsanto in a report on Wednesday, November 15th. Deutsche Bank reissued a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Wells Fargo & Co reissued a “market perform” rating and set a $128.00 price objective (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Finally, Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Monsanto presently has an average rating of “Hold” and a consensus target price of $127.30.
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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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