Teacher Retirement System of Texas increased its stake in shares of Monsanto Company (NYSE:MON) by 66.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,515 shares of the basic materials company’s stock after buying an additional 90,829 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Monsanto worth $27,047,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Shell Asset Management Co. raised its position in shares of Monsanto by 3.3% in the first quarter. Shell Asset Management Co. now owns 157,623 shares of the basic materials company’s stock valued at $17,843,000 after buying an additional 5,033 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Monsanto by 178.2% in the first quarter. Janney Montgomery Scott LLC now owns 34,451 shares of the basic materials company’s stock valued at $3,900,000 after buying an additional 22,067 shares in the last quarter. Crossvault Capital Management LLC raised its position in shares of Monsanto by 28.2% in the first quarter. Crossvault Capital Management LLC now owns 4,200 shares of the basic materials company’s stock valued at $475,000 after buying an additional 925 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management raised its position in shares of Monsanto by 8.2% in the first quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,004 shares of the basic materials company’s stock valued at $453,000 after buying an additional 302 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of Monsanto by 5.3% in the first quarter. Duncker Streett & Co. Inc. now owns 18,809 shares of the basic materials company’s stock valued at $2,129,000 after buying an additional 948 shares in the last quarter. Institutional investors own 74.79% of the company’s stock.

Shares of Monsanto Company (MON) opened at 116.85 on Monday. The company’s 50 day moving average price is $117.23 and its 200 day moving average price is $115.65. The firm has a market capitalization of $51.33 billion, a P/E ratio of 25.24 and a beta of 1.07. Monsanto Company has a one year low of $97.35 and a one year high of $118.97.

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

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

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Several brokerages have commented on MON. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price target (up from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Barclays PLC increased their price target on shares of Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Thursday, June 29th. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $126.00 price objective (up from $125.00) on shares of Monsanto in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $123.43.

In related news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the completion of the sale, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at approximately $6,522,654.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of $117.95, for a total value of $6,181,759.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,470 shares of company stock valued at $8,791,281. 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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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