Honkamp Krueger Financial Services Inc. raised its position in Monsanto Company (NYSE:MON) by 20.8% during the second quarter, Holdings Channel reports. The fund owned 2,654 shares of the basic materials company’s stock after buying an additional 457 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Monsanto were worth $314,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. BlackRock Inc. boosted its position in shares of Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock worth $2,965,029,000 after buying an additional 25,140,936 shares during the last quarter. State Street Corp boosted its position in shares of Monsanto by 1.2% in the first quarter. State Street Corp now owns 20,153,966 shares of the basic materials company’s stock worth $2,281,433,000 after buying an additional 234,582 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of 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. Flossbach Von Storch AG boosted its position 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 worth $520,429,000 after buying an additional 307,600 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of 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. Institutional investors own 75.28% of the company’s stock.

Monsanto Company (NYSE:MON) opened at 117.10 on Friday. The company’s 50 day moving average is $117.42 and its 200 day moving average is $115.30. The stock has a market cap of $51.44 billion, a PE ratio of 25.29 and a beta of 1.07. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is presently 46.75%.

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A number of equities analysts recently commented on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Friday, June 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price on the stock in a research report on Wednesday, July 12th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 target price (up previously from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Finally, UBS AG cut shares of Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $123.15.

In related news, SVP Janet M. Holloway sold 7,423 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total value of $875,914.00. Following the transaction, the senior vice president now owns 33,645 shares of the company’s stock, valued at approximately $3,970,110. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The disclosure for this sale can be found here. Insiders sold a total of 74,470 shares of company stock worth $8,791,281 in the last ninety days. 0.79% of the stock is currently owned by insiders.

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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