AMP Capital Investors Ltd decreased its holdings in Monsanto (NYSE:MON) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 182,029 shares of the basic materials company’s stock after selling 56,621 shares during the quarter. AMP Capital Investors Ltd’s holdings in Monsanto were worth $21,258,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Laurel Wealth Advisors Inc. boosted its position in shares of Monsanto by 12.2% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 4,166 shares of the basic materials company’s stock valued at $499,000 after purchasing an additional 453 shares during the period. Zions Bancorporation boosted its position in shares of Monsanto by 18.2% in the 3rd quarter. Zions Bancorporation now owns 3,184 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 491 shares during the period. Rothschild Investment Corp IL lifted its stake in Monsanto by 0.9% in the 4th quarter. Rothschild Investment Corp IL now owns 59,112 shares of the basic materials company’s stock worth $6,903,000 after acquiring an additional 510 shares in the last quarter. Dowling & Yahnke LLC lifted its stake in Monsanto by 11.8% in the 4th quarter. Dowling & Yahnke LLC now owns 4,874 shares of the basic materials company’s stock worth $569,000 after acquiring an additional 514 shares in the last quarter. Finally, Palladium Partners LLC lifted its stake in Monsanto by 27.8% in the 4th quarter. Palladium Partners LLC now owns 2,493 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 543 shares in the last quarter. 76.31% of the stock is owned by institutional investors.
Several analysts have recently weighed in on MON shares. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank restated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Finally, Wells Fargo restated a “market perform” rating and set a $128.00 target price (up previously from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $127.30.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by insiders.
Shares of Monsanto stock traded down $0.09 during trading on Monday, reaching $116.60. 2,216,554 shares of the company were exchanged, compared to its average volume of 3,412,620. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05. Monsanto has a twelve month low of $113.27 and a twelve month high of $124.20. The stock has a market cap of $51,437.05, a PE ratio of 21.20, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis. analysts expect that Monsanto will post 5.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. Monsanto’s payout ratio is 39.27%.
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Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.
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