Monsanto Company (MON) Holdings Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of Monsanto Company (NYSE:MON) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,182,100 shares of the basic materials company’s stock after purchasing an additional 16,075 shares during the quarter. New York State Common Retirement Fund owned 0.27% of Monsanto worth $141,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Monsanto by 1.8% in the 3rd quarter. CIBC Asset Management Inc now owns 44,851 shares of the basic materials company’s stock worth $5,374,000 after buying an additional 812 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of Monsanto in the 3rd quarter worth $45,320,000. Opera Trading Capital acquired a new position in shares of Monsanto in the 3rd quarter worth $1,334,000. Retirement Systems of Alabama grew its holdings in shares of Monsanto by 0.8% in the 3rd quarter. Retirement Systems of Alabama now owns 256,374 shares of the basic materials company’s stock worth $30,719,000 after acquiring an additional 2,085 shares during the last quarter. Finally, AKO Capital LLP grew its holdings in shares of Monsanto by 14.9% in the 3rd quarter. AKO Capital LLP now owns 248,452 shares of the basic materials company’s stock worth $29,770,000 after acquiring an additional 32,276 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

In other Monsanto news, CFO Pierre Courduroux sold 4,320 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the transaction, the chief financial officer now owns 48,388 shares of the company’s stock, valued at approximately $5,903,336. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Duraiswami Narain sold 2,860 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.00, for a total value of $343,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,236 shares of company stock valued at $5,931,934 in the last three months. 0.79% of the stock is owned by insiders.

A number of brokerages have recently weighed in on MON. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BMO Capital Markets reiterated a “buy” rating and set a $128.00 price target on shares of Monsanto in a report on Friday, September 1st. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Barclays reiterated an “equal weight” rating and set a $124.00 price target (up previously from $120.00) on shares of Monsanto in a report on Thursday, October 5th. Finally, Macquarie downgraded Monsanto from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 4th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Monsanto presently has an average rating of “Hold” and a consensus target price of $124.61.

Shares of Monsanto Company (MON) traded up $0.64 during trading hours on Friday, hitting $118.93. The company’s stock had a trading volume of 3,810,000 shares, compared to its average volume of 2,390,000. Monsanto Company has a 12 month low of $103.08 and a 12 month high of $122.79. The firm has a market capitalization of $52,350.00, a PE ratio of 21.40, a P/E/G ratio of 1.70 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.12.

Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. equities analysts forecast that Monsanto Company will post 5.74 earnings per share for the current fiscal year.

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About Monsanto

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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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