Bar Harbor Trust Services Has $3.05 Million Stake in Monsanto Company (MON)
Bar Harbor Trust Services cut its stake in Monsanto Company (NYSE:MON) by 4.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 25,725 shares of the basic materials company’s stock after selling 1,131 shares during the period. Monsanto comprises approximately 1.6% of Bar Harbor Trust Services’ portfolio, making the stock its 23rd largest position. Bar Harbor Trust Services’ holdings in Monsanto were worth $3,045,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC purchased a new stake in shares of Monsanto during the first quarter worth approximately $213,000. Crossvault Capital Management LLC boosted its stake 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 worth $475,000 after buying an additional 925 shares during the period. Janney Montgomery Scott LLC boosted its stake 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 worth $3,900,000 after buying an additional 22,067 shares during the period. Shell Asset Management Co. boosted its stake 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 worth $17,843,000 after buying an additional 5,033 shares during the period. Finally, Kanawha Capital Management LLC purchased a new stake in shares of Monsanto during the first quarter worth approximately $211,000. 74.79% of the stock is currently owned by institutional investors.
Shares of Monsanto Company (NYSE MON) opened at 117.20 on Friday. Monsanto Company has a 12-month low of $97.35 and a 12-month high of $118.97. The firm has a market cap of $51.49 billion, a price-to-earnings ratio of 25.31 and a beta of 1.07. The company has a 50 day moving average of $117.16 and a 200-day moving average of $115.92.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.74 by $0.19. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The business had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter in the previous year, the firm posted $2.17 earnings per share. Monsanto’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict 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. Investors of record on Friday, October 6th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, October 5th. Monsanto’s payout ratio is currently 46.75%.
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A number of analysts have commented on MON shares. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research report on Friday, June 16th. BidaskClub cut shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target on the stock in a research report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $128.00 price target (up previously from $125.00) on shares of Monsanto in a research report on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company’s stock. Monsanto currently has an average rating of “Hold” and a consensus target price of $123.43.
In related news, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Janet M. Holloway sold 7,423 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total transaction of $875,914.00. Following the sale, the senior vice president now directly owns 33,645 shares in the company, valued at approximately $3,970,110. The disclosure for this sale can be found here. Insiders have sold 71,133 shares of company stock worth $8,397,515 in the last three months. 0.79% of the stock is currently owned by insiders.
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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