Monsanto Company (MON) Stake Cut by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC reduced its position in Monsanto Company (NYSE:MON) by 0.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 48,919 shares of the basic materials company’s stock after selling 260 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Monsanto were worth $5,790,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Honkamp Krueger Financial Services Inc. boosted its stake in shares of Monsanto by 20.8% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 2,654 shares of the basic materials company’s stock valued at $314,000 after buying an additional 457 shares during the last quarter. Kornitzer Capital Management Inc. KS boosted its stake in shares of Monsanto by 0.8% in the second quarter. Kornitzer Capital Management Inc. KS now owns 49,428 shares of the basic materials company’s stock valued at $5,850,000 after buying an additional 385 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Monsanto by 14.7% in the second quarter. Great West Life Assurance Co. Can now owns 522,256 shares of the basic materials company’s stock valued at $61,768,000 after buying an additional 66,931 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Monsanto by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 35,078 shares of the basic materials company’s stock valued at $4,152,000 after buying an additional 627 shares during the last quarter. Finally, Flossbach Von Storch AG boosted its stake in shares of Monsanto by 7.5% in the second quarter. Flossbach Von Storch AG now owns 4,397,000 shares of the basic materials company’s stock valued at $520,429,000 after buying an additional 307,600 shares during the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.

Shares of Monsanto Company (NYSE:MON) opened at 117.10 on Friday. The company has a 50-day moving average of $117.42 and a 200 day moving average of $115.30. Monsanto Company has a one year low of $97.35 and a one year high of $118.97. The stock has a market cap of $51.44 billion, a price-to-earnings ratio of 25.29 and a beta of 1.07.

Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the business posted $2.17 earnings per share. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities 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, October 27th. Stockholders of record on Friday, October 6th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio is currently 46.75%.

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Several analysts have commented on the stock. Piper Jaffray Companies set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a research note on Friday, August 11th. Vetr cut shares of Monsanto from a “buy” rating to a “hold” rating and set a $122.35 price objective for the company. in a research note on Wednesday, August 2nd. Royal Bank Of Canada restated a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research note on Wednesday, August 2nd. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Jefferies Group LLC cut shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $123.15.

In other news, SVP Janet M. Holloway sold 3,337 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $118.00, for a total value of $393,766.00. Following the completion of the transaction, the senior vice president now owns 44,405 shares in the company, valued at $5,239,790. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,470 shares of company stock valued at $8,791,281. Company 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.

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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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