Alpine Associates Management Inc. Purchases 320,464 Shares of Monsanto (MON)

Alpine Associates Management Inc. lifted its stake in shares of Monsanto (NYSE:MON) by 17.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,186,204 shares of the basic materials company’s stock after acquiring an additional 320,464 shares during the quarter. Monsanto accounts for 8.4% of Alpine Associates Management Inc.’s portfolio, making the stock its 3rd largest holding. Alpine Associates Management Inc. owned 0.50% of Monsanto worth $255,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MON. Jennison Associates LLC boosted its position in shares of Monsanto by 117.8% in the fourth quarter. Jennison Associates LLC now owns 29,681 shares of the basic materials company’s stock worth $3,466,000 after buying an additional 16,053 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Monsanto by 7.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 33,474 shares of the basic materials company’s stock valued at $3,908,000 after purchasing an additional 2,239 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new position in Monsanto during the fourth quarter valued at about $218,000. Dupont Capital Management Corp increased its stake in shares of Monsanto by 42.0% in the fourth quarter. Dupont Capital Management Corp now owns 36,588 shares of the basic materials company’s stock worth $4,273,000 after purchasing an additional 10,820 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Monsanto by 5.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 56,077 shares of the basic materials company’s stock worth $6,549,000 after purchasing an additional 2,983 shares during the period. 74.99% of the stock is owned by institutional investors and hedge funds.

NYSE MON remained flat at $$127.95 on Thursday. Monsanto has a twelve month low of $114.19 and a twelve month high of $127.97. The company has a quick ratio of 0.85, a current ratio of 1.41 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $56.40 billion, a P/E ratio of 23.26, a PEG ratio of 2.64 and a beta of 0.97.

Monsanto (NYSE:MON) last posted its quarterly earnings data on Thursday, April 5th. The basic materials company reported $3.22 EPS for the quarter, missing the Zacks’ consensus estimate of $3.31 by ($0.09). Monsanto had a return on equity of 37.31% and a net margin of 17.07%. The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the company earned $3.19 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. sell-side analysts forecast that Monsanto will post 5.7 earnings per share for the current fiscal year.

MON has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated a “neutral” rating and issued a $119.00 price objective on shares of Monsanto in a research note on Monday, April 9th. Zacks Investment Research downgraded Monsanto from a “hold” rating to a “sell” rating in a report on Monday, April 9th. ValuEngine raised Monsanto from a “hold” rating to a “buy” rating in a report on Monday, April 9th. Argus downgraded Monsanto from a “buy” rating to a “sell” rating in a report on Monday, April 16th. Finally, BMO Capital Markets downgraded Monsanto from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $126.61.

Monsanto Profile

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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