Neuberger Berman Group LLC lowered its stake in shares of Monsanto Company (NYSE:MON) by 14.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,093,544 shares of the basic materials company’s stock after selling 182,791 shares during the quarter. Neuberger Berman Group LLC owned about 0.25% of Monsanto worth $131,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc. purchased a new stake in Monsanto in the second quarter worth about $114,000. Bruderman Asset Management LLC purchased a new stake in Monsanto in the second quarter worth about $116,000. Tower Research Capital LLC TRC grew its holdings in Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 750 shares during the period. Armbruster Capital Management Inc. grew its holdings in Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 125 shares during the period. Finally, Enterprise Financial Services Corp grew its holdings in Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 16 shares during the period. Institutional investors own 75.70% of the company’s stock.
MON has been the topic of a number of recent research reports. UBS cut shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a report on Friday, August 18th. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a report on Tuesday, August 29th. BMO Capital Markets restated a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a report on Friday, September 1st. Finally, Jefferies Group restated a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a report on Friday, September 15th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Monsanto has an average rating of “Hold” and an average target price of $124.61.
Shares of Monsanto Company (MON) traded down $0.24 during midday trading on Friday, hitting $117.85. 1,385,700 shares of the stock traded hands, compared to its average volume of 1,976,619. The company has a market capitalization of $51,983.22, a P/E ratio of 21.35, a PEG ratio of 1.70 and a beta of 1.04. Monsanto Company has a 52-week low of $104.08 and a 52-week high of $122.79. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.
Monsanto (NYSE:MON) last issued its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.61. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. equities research analysts forecast that Monsanto Company will post 5.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.16 annualized dividend and a dividend yield of 1.83%. Monsanto’s dividend payout ratio is presently 42.27%.
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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