Fisher Asset Management LLC Takes Position in Monsanto Company (MON)
Fisher Asset Management LLC acquired a new stake in shares of Monsanto Company (NYSE:MON) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,882 shares of the basic materials company’s stock, valued at approximately $213,000.
A number of other large investors also recently made changes to their positions in the company. First PREMIER Bank increased its stake in shares of Monsanto Company by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock valued at $102,000 after buying an additional 36 shares during the period. Whitnell & Co. increased its stake in shares of Monsanto Company by 35.4% in the first quarter. Whitnell & Co. now owns 979 shares of the basic materials company’s stock valued at $111,000 after buying an additional 256 shares during the period. Hartford Financial Management Inc. acquired a new position in shares of Monsanto Company during the first quarter worth about $113,000. Mascoma Wealth Management LLC acquired a new position in shares of Monsanto Company during the fourth quarter worth about $115,000. Finally, JNBA Financial Advisors increased its position in shares of Monsanto Company by 24.6% in the fourth quarter. JNBA Financial Advisors now owns 1,148 shares of the basic materials company’s stock worth $121,000 after buying an additional 227 shares during the period. Institutional investors and hedge funds own 75.18% of the company’s stock.
Monsanto Company (NYSE:MON) traded up 0.35% during midday trading on Friday, reaching $116.19. The company’s stock had a trading volume of 574,812 shares. The company’s 50-day moving average is $115.88 and its 200 day moving average is $109.44. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $117.33. The firm has a market cap of $50.98 billion, a price-to-earnings ratio of 26.73 and a beta of 0.93.
Monsanto Company (NYSE:MON) last posted its quarterly earnings results on Wednesday, April 5th. The basic materials company reported $3.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.79 by $0.40. Monsanto Company had a net margin of 11.61% and a return on equity of 47.05%. The company had revenue of $5.07 billion for the quarter, compared to the consensus estimate of $4.73 billion. During the same period last year, the firm posted $2.42 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts forecast that Monsanto Company will post $4.90 earnings per share for the current year.
A number of brokerages have issued reports on MON. Zacks Investment Research upgraded Monsanto Company from a “hold” rating to a “buy” rating and set a $127.00 price objective for the company in a research note on Wednesday, March 1st. Vetr cut Monsanto Company from a “buy” rating to a “hold” rating and set a $118.00 price target on the stock. in a research report on Tuesday, March 7th. Royal Bank of Canada assumed coverage on Monsanto Company in a research report on Thursday, February 23rd. They set a “sector perform” rating and a $118.00 price target on the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a research report on Tuesday, March 28th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price target on shares of Monsanto Company in a research report on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $119.47.
In other news, EVP Steven Mizell sold 13,700 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $116.11, for a total value of $1,590,707.00. Following the transaction, the executive vice president now directly owns 50,295 shares in the company, valued at approximately $5,839,752.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kerry J. Preete sold 11,346 shares of Monsanto Company 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 completion of the sale, the executive vice president now owns 39,258 shares in the company, valued at $4,587,689.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 255,216 shares of company stock worth $29,649,227. Insiders own 0.79% of the company’s stock.
Monsanto Company 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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