Davidson & Garrard Inc. lifted its stake in Monsanto Company (NYSE:MON) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,392 shares of the basic materials company’s stock after purchasing an additional 261 shares during the quarter. Davidson & Garrard Inc.’s holdings in Monsanto were worth $520,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Puplava Financial Services Inc. boosted its holdings in Monsanto by 0.4% in the second quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 9 shares during the period. Savant Capital LLC boosted its holdings in Monsanto by 0.4% in the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 11 shares during the period. Guardian Life Insurance Co. of America boosted its holdings in Monsanto by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 11 shares during the period. Enterprise Financial Services Corp boosted its holdings in Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 16 shares during the period. Finally, Forward Management LLC boosted its holdings in Monsanto by 0.5% in the second quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 16 shares during the period. 74.79% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on MON. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a report on Thursday. BMO Capital Markets restated a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research note on Friday, September 1st. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. UBS AG cut Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a research note on Friday, August 18th. Finally, Piper Jaffray Companies set a $128.00 price target on Monsanto and gave the company a “buy” rating in a research note on Friday, August 11th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $124.09.
Shares of Monsanto Company (MON) traded up 0.57% on Friday, hitting $118.27. The company had a trading volume of 2,233,896 shares. The stock has a market cap of $51.96 billion, a PE ratio of 25.54 and a beta of 1.07. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The company has a 50-day moving average of $117.25 and a 200 day moving average of $116.44.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.19. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. Monsanto’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. Analysts anticipate that Monsanto Company will post $4.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is currently 46.75%.
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In other news, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total value of $1,339,841.00. Following the completion of the transaction, the executive vice president now owns 55,011 shares in the company, valued at $6,522,654.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by 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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