Monsanto (MON) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its holdings in Monsanto (NYSE:MON) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,850 shares of the basic materials company’s stock after selling 40,702 shares during the period. Meyer Handelman Co.’s holdings in Monsanto were worth $9,793,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Toronto Dominion Bank boosted its position in shares of Monsanto by 6.3% during the third quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock worth $121,519,000 after buying an additional 59,750 shares during the period. Amalgamated Bank boosted its position in shares of Monsanto by 2.0% during the third quarter. Amalgamated Bank now owns 52,909 shares of the basic materials company’s stock worth $6,340,000 after buying an additional 1,022 shares during the period. Janus Henderson Group PLC boosted its position in shares of Monsanto by 57.1% during the third quarter. Janus Henderson Group PLC now owns 2,342,693 shares of the basic materials company’s stock worth $280,696,000 after buying an additional 851,369 shares during the period. Oakbrook Investments LLC boosted its position in shares of Monsanto by 7.4% during the third quarter. Oakbrook Investments LLC now owns 20,350 shares of the basic materials company’s stock worth $2,438,000 after buying an additional 1,400 shares during the period. Finally, Opera Trading Capital acquired a new position in shares of Monsanto during the third quarter worth about $1,334,000. 75.62% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the sale, the executive vice president now owns 56,743 shares in the company, valued at $6,772,277.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

MON has been the subject of several recent research reports. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Royal Bank of Canada reaffirmed a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research report on Wednesday, November 15th. Deutsche Bank reaffirmed a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $128.00 price objective (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Monsanto currently has a consensus rating of “Hold” and an average price target of $127.30.

Shares of Monsanto (NYSE MON) opened at $118.64 on Friday. Monsanto has a twelve month low of $106.97 and a twelve month high of $123.15. The stock has a market capitalization of $52,296.63, a PE ratio of 20.71, a P/E/G ratio of 1.70 and a beta of 1.01. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.05.

Monsanto (NYSE:MON) last released its earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.77 billion. During the same quarter in the previous year, the company posted $0.21 EPS. The business’s revenue was up .3% on a year-over-year basis. analysts expect that Monsanto will post 5.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.16 annualized dividend and a yield of 1.82%. Monsanto’s payout ratio is presently 39.85%.

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Monsanto Company Profile

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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