Monsanto Company (MON) Stake Held by Davidson & Garrard Inc.
Davidson & Garrard Inc. continued to hold its position in shares of Monsanto Company (NYSE:MON) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,131 shares of the basic materials company’s stock at the end of the first quarter. Davidson & Garrard Inc.’s holdings in Monsanto Company were worth $468,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Mascoma Wealth Management LLC purchased a new position in shares of Monsanto Company during the fourth quarter valued at about $115,000. Ffcm LLC purchased a new position in shares of Monsanto Company during the fourth quarter valued at about $1,369,000. Cadence Capital Management LLC increased its position in shares of Monsanto Company by 1.5% in the fourth quarter. Cadence Capital Management LLC now owns 3,529 shares of the basic materials company’s stock valued at $371,000 after buying an additional 51 shares in the last quarter. Gould Asset Management LLC CA increased its position in shares of Monsanto Company by 0.5% in the fourth quarter. Gould Asset Management LLC CA now owns 2,750 shares of the basic materials company’s stock valued at $289,000 after buying an additional 15 shares in the last quarter. Finally, Smith Moore & CO. increased its position in shares of Monsanto Company by 57.7% in the fourth quarter. Smith Moore & CO. now owns 21,945 shares of the basic materials company’s stock valued at $2,309,000 after buying an additional 8,025 shares in the last quarter. 75.53% of the stock is owned by hedge funds and other institutional investors.
Monsanto Company (NYSE MON) opened at 117.88 on Friday. The firm has a market cap of $51.73 billion, a PE ratio of 27.12 and a beta of 1.10. Monsanto Company has a one year low of $97.35 and a one year high of $118.15. The company’s 50-day moving average is $116.83 and its 200-day moving average is $111.93.
Monsanto Company (NYSE:MON) last released its quarterly earnings results on Wednesday, April 5th. The basic materials company reported $3.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.79 by $0.40. Monsanto Company had a net margin of 13.28% and a return on equity of 50.58%. The firm had revenue of $5.07 billion during the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the business earned $2.42 EPS. The company’s revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that Monsanto Company will post $4.89 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be issued a dividend of $0.54 per share. The ex-dividend date is Wednesday, July 5th. This represents a $2.16 annualized dividend and a yield of 1.83%. Monsanto Company’s payout ratio is 49.66%.
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Several equities analysts recently issued reports on MON shares. Royal Bank Of Canada started coverage on shares of Monsanto Company in a report on Thursday, February 23rd. They set a “sector perform” rating and a $118.00 price target for the company. Zacks Investment Research downgraded shares of Monsanto Company from a “buy” rating to a “hold” rating in a report on Tuesday, February 28th. Vetr downgraded shares of Monsanto Company from a “buy” rating to a “hold” rating and set a $118.00 price target for the company. in a report on Tuesday, March 7th. Jefferies Group LLC reissued a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a report on Tuesday, March 28th. Finally, BMO Capital Markets reissued a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a report on Wednesday, April 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Monsanto Company has an average rating of “Buy” and an average target price of $121.33.
In other Monsanto Company news, SVP Janet M. Holloway sold 7,423 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total transaction of $875,914.00. Following the completion of the transaction, the senior vice president now owns 33,645 shares in the company, valued at approximately $3,970,110. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven Mizell sold 13,700 shares of the firm’s stock in a transaction that occurred on Monday, April 10th. The stock was sold at an average price of $116.11, for a total transaction of $1,590,707.00. Following the transaction, the executive vice president now owns 50,295 shares of the company’s stock, valued at approximately $5,839,752.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 265,976 shares of company stock valued at $30,918,907. Company insiders own 0.79% of the company’s stock.
About Monsanto Company
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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