Marco Investment Management LLC maintained its position in shares of Monsanto Company (NYSE:MON) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,741 shares of the basic materials company’s stock at the end of the first quarter. Marco Investment Management LLC’s holdings in Monsanto were worth $3,367,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in MON. Swiss National Bank boosted its position in 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 period. United Services Automobile Association boosted its position in 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 period. Kentucky Retirement Systems bought a new position in Monsanto during the fourth quarter worth $3,344,000. Fisher Asset Management LLC bought a new position in Monsanto during the first quarter worth $213,000. Finally, WFG Advisors LP boosted its position in 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 period. Institutional investors own 75.31% of the company’s stock.
Monsanto Company (NYSE:MON) traded down 0.16% during mid-day trading on Tuesday, hitting $117.26. 1,147,678 shares of the stock were exchanged. The company has a 50-day moving average price of $117.53 and a 200-day moving average price of $114.77. Monsanto Company has a one year low of $97.35 and a one year high of $118.97. The company has a market cap of $51.52 billion, a P/E ratio of 25.33 and a beta of 1.07.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. Monsanto’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.17 EPS. On average, analysts predict that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 28th. Investors of record on Friday, July 7th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, July 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.84%. Monsanto’s dividend payout ratio is currently 46.75%.
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A number of equities research analysts recently commented on the stock. UBS AG cut shares of Monsanto from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Wednesday, August 2nd. Vetr cut shares of Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price objective on the stock. in a research note on Wednesday, August 2nd. Jefferies Group LLC cut shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price target on the stock. in a research note on Wednesday, July 12th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a $126.00 price target (up from $125.00) on shares of Monsanto in a research note on Monday, July 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Monsanto currently has an average rating of “Hold” and an average price target of $123.15.
In other Monsanto news, SVP Janet M. Holloway sold 3,337 shares of Monsanto stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $118.00, for a total transaction of $393,766.00. Following the transaction, the senior vice president now directly owns 44,405 shares of the company’s stock, valued at approximately $5,239,790. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Janet M. Holloway sold 7,423 shares of Monsanto stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total value of $875,914.00. Following the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at $3,970,110. The disclosure for this sale can be found here. Insiders have sold a total of 74,470 shares of company stock worth $8,791,281 in the last 90 days. 0.79% of the stock is currently owned by corporate insiders.
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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