Terril Brothers Inc. increased its position in Monsanto Company (NYSE:MON) by 1.4% during the first quarter, Holdings Channel reports. The fund owned 215,178 shares of the basic materials company’s stock after buying an additional 2,879 shares during the period. Monsanto accounts for approximately 8.6% of Terril Brothers Inc.’s holdings, making the stock its 3rd largest position. Terril Brothers Inc.’s holdings in Monsanto were worth $24,358,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of MON. Swiss National Bank boosted its stake in shares of Monsanto by 25.6% in the first quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock worth $189,731,000 after buying an additional 341,400 shares during the last quarter. United Services Automobile Association boosted its stake in shares of Monsanto by 5.6% in the first quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock worth $30,041,000 after buying an additional 14,076 shares during the last quarter. Kentucky Retirement Systems bought a new stake in shares of Monsanto during the fourth quarter worth approximately $3,344,000. Fisher Asset Management LLC bought a new stake in shares of Monsanto during the first quarter worth approximately $213,000. Finally, WFG Advisors LP boosted its stake in shares of Monsanto by 19.4% in the first quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock worth $269,000 after buying an additional 387 shares during the last quarter. Institutional investors and hedge funds own 74.87% of the company’s stock.
Monsanto Company (NYSE MON) opened at 116.67 on Wednesday. The company’s 50-day moving average price is $117.60 and its 200-day moving average price is $114.01. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $118.97. The company has a market capitalization of $51.26 billion, a price-to-earnings ratio of 25.20 and a beta of 1.08.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm posted $2.17 EPS. Monsanto’s revenue was up 1.0% compared to the same quarter last year. Equities analysts forecast that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, July 7th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.85%. The ex-dividend date is Wednesday, July 5th. Monsanto’s payout ratio is 46.75%.
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A number of analysts have commented on MON shares. Vetr cut Monsanto from a “buy” rating to a “hold” rating and set a $118.00 price target for the company. in a research report on Tuesday, March 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Friday, June 16th. Jefferies Group LLC lowered Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research note on Wednesday, July 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and issued a $125.00 price objective (up previously from $122.00) on shares of Monsanto in a research note on Friday, April 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. Monsanto presently has an average rating of “Hold” and an average target price of $123.15.
In related news, EVP Robert T. Fraley sold 52,410 shares of Monsanto stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total value of $6,181,759.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kerry J. Preete sold 11,346 shares of Monsanto stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $116.86, for a total value of $1,325,893.56. Following the completion of the sale, the executive vice president now owns 39,258 shares in the company, valued at $4,587,689.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,816 shares of company stock worth $10,117,174. 0.79% of the stock is currently owned by insiders.
About Monsanto
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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