Sequoia Financial Advisors LLC raised its stake in Monsanto (NYSE:MON) by 5.0% during the fourth quarter, Holdings Channel reports. The fund owned 35,166 shares of the basic materials company’s stock after buying an additional 1,686 shares during the period. Sequoia Financial Advisors LLC’s holdings in Monsanto were worth $4,107,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MON. First Trust Advisors LP lifted its holdings in shares of Monsanto by 2.7% during the third quarter. First Trust Advisors LP now owns 22,198 shares of the basic materials company’s stock valued at $2,660,000 after purchasing an additional 591 shares in the last quarter. Calamos Advisors LLC lifted its holdings in shares of Monsanto by 3.7% during the third quarter. Calamos Advisors LLC now owns 55,304 shares of the basic materials company’s stock valued at $6,627,000 after purchasing an additional 1,977 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Monsanto by 1.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 42,996 shares of the basic materials company’s stock valued at $5,152,000 after purchasing an additional 595 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Monsanto during the third quarter valued at $3,409,000. Finally, Intact Investment Management Inc. bought a new position in shares of Monsanto during the third quarter valued at $239,000. 73.70% of the stock is currently owned by hedge funds and other institutional investors.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the transaction, the executive vice president now owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.
Monsanto (NYSE:MON) last posted its earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue was up .3% compared to the same quarter last year. equities analysts predict that Monsanto will post 5.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio is 39.85%.
MON has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $128.00 price target (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $128.00 price target on shares of Monsanto in a report on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $127.30.
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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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