Monsanto Company (NYSE:MON) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Monsanto Company (NYSE:MON) by 2.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 756,448 shares of the basic materials company’s stock after selling 21,419 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Monsanto worth $85,630,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MON. Massachusetts Financial Services Co. MA raised its stake in Monsanto by 3.6% in the first quarter. Massachusetts Financial Services Co. MA now owns 14,299,502 shares of the basic materials company’s stock worth $1,618,703,000 after buying an additional 499,639 shares during the last quarter. Geode Capital Management LLC raised its stake in Monsanto by 7.7% in the first quarter. Geode Capital Management LLC now owns 4,125,879 shares of the basic materials company’s stock worth $466,359,000 after buying an additional 295,452 shares during the last quarter. Flossbach Von Storch AG raised its stake in Monsanto by 33.9% in the first quarter. Flossbach Von Storch AG now owns 4,089,400 shares of the basic materials company’s stock worth $462,920,000 after buying an additional 1,034,400 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in Monsanto by 55.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,181,090 shares of the basic materials company’s stock worth $246,899,000 after buying an additional 775,520 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Monsanto by 7.2% in the first quarter. Legal & General Group Plc now owns 2,124,147 shares of the basic materials company’s stock worth $240,459,000 after buying an additional 143,057 shares during the last quarter. Institutional investors own 74.87% of the company’s stock.

Shares of Monsanto Company (MON) opened at 117.38 on Friday. The firm has a market capitalization of $51.57 billion, a P/E ratio of 25.35 and a beta of 1.08. The stock has a 50 day moving average price of $117.61 and a 200 day moving average price of $114.05. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97.

Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm posted $2.17 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts expect that Monsanto Company will post $4.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $2.16 annualized dividend and a yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is presently 46.75%.

ILLEGAL ACTIVITY WARNING: “Monsanto Company (NYSE:MON) Shares Sold by New York State Teachers Retirement System” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/07/22/monsanto-company-nysemon-shares-sold-by-new-york-state-teachers-retirement-system.html.

MON has been the subject of a number of research analyst reports. 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 Friday, June 16th. Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “hold” rating and set a $120.00 price objective on shares of Monsanto in a report on Friday, April 7th. Jefferies Group LLC reiterated a “buy” rating and set a $128.00 price objective on shares of Monsanto in a report on Tuesday, March 28th. Finally, BidaskClub lowered Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $123.15.

In other Monsanto news, EVP Kerry J. Preete sold 11,346 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $116.86, for a total transaction of $1,325,893.56. Following the sale, the executive vice president now directly owns 39,258 shares of the company’s stock, valued at approximately $4,587,689.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Janet M. Holloway sold 3,337 shares of the business’s 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 sale, the senior vice president now directly owns 44,405 shares in the company, valued at $5,239,790. The disclosure for this sale can be found here. Insiders have sold a total of 85,816 shares of company stock worth $10,117,174 over the last three months. Insiders own 0.79% of the company’s stock.

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.

Want to see what other hedge funds are holding MON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Monsanto Company (NYSE:MON).

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply