Lagoda Investment Management L.P. reduced its position in shares of Monsanto Company (NYSE:MON) by 8.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 158,879 shares of the basic materials company’s stock after selling 15,189 shares during the period. Monsanto comprises approximately 7.0% of Lagoda Investment Management L.P.’s investment portfolio, making the stock its 7th largest position. Lagoda Investment Management L.P.’s holdings in Monsanto were worth $17,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Delta Asset Management LLC TN increased its position in shares of Monsanto by 0.5% in the first quarter. Delta Asset Management LLC TN now owns 1,950 shares of the basic materials company’s stock worth $221,000 after buying an additional 10 shares in the last quarter. Savant Capital LLC raised its stake in shares of Monsanto by 0.4% in the first quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock worth $349,000 after buying an additional 11 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Monsanto by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock worth $191,000 after buying an additional 11 shares during the last quarter. Greenwich Wealth Management LLC raised its stake in shares of Monsanto by 0.6% in the first quarter. Greenwich Wealth Management LLC now owns 2,565 shares of the basic materials company’s stock worth $290,000 after buying an additional 15 shares during the last quarter. Finally, Dubuque Bank & Trust Co. raised its stake in shares of Monsanto by 0.7% in the first quarter. Dubuque Bank & Trust Co. now owns 3,425 shares of the basic materials company’s stock worth $388,000 after buying an additional 25 shares during the last quarter. 75.28% of the stock is currently owned by institutional investors.

Monsanto Company (NYSE MON) traded down 0.20% during midday trading on Friday, hitting $116.87. The company’s stock had a trading volume of 2,081,472 shares. The firm has a market cap of $51.34 billion, a P/E ratio of 25.24 and a beta of 1.07. Monsanto Company has a 12 month low of $97.35 and a 12 month high of $118.97. The company’s 50 day moving average price is $117.38 and its 200 day moving average price is $115.36.

Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The firm had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the previous year, the firm posted $2.17 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts expect that Monsanto Company will post $4.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Thursday, October 5th. Monsanto’s payout ratio is 46.75%.

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MON has been the subject of a number of research analyst reports. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Friday, June 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research report on Wednesday, July 12th. UBS AG lowered Monsanto from a “buy” rating to a “neutral” rating in a research report on Friday. BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $128.00 target price (up from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the stock. Monsanto currently has a consensus rating of “Hold” and a consensus price target of $123.15.

In related news, SVP Janet M. Holloway sold 3,337 shares of Monsanto stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $118.00, for a total transaction of $393,766.00. Following the transaction, the senior vice president now owns 44,405 shares in the company, valued at approximately $5,239,790. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Steven Mizell sold 11,300 shares of Monsanto stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the transaction, the executive vice president now owns 55,011 shares in the company, valued at approximately $6,522,654.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,470 shares of company stock valued at $8,791,281. Insiders own 0.79% of the company’s stock.

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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