Monsanto Company (MON) is Micawber Capital LLC’s 5th Largest Position
Micawber Capital LLC continued to hold its stake in Monsanto Company (NYSE:MON) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,256 shares of the basic materials company’s stock at the end of the 2nd quarter. Monsanto makes up approximately 5.2% of Micawber Capital LLC’s holdings, making the stock its 5th biggest position. Micawber Capital LLC’s holdings in Monsanto were worth $3,108,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Monsanto by 2,390.1% during 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 in the last quarter. State Street Corp grew its holdings in shares of Monsanto by 1.2% during 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 in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Monsanto by 3.6% during 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 in the last quarter. Flossbach Von Storch AG grew its holdings in shares of Monsanto by 7.5% during 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 in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Monsanto by 7.7% during 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 in the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.
Shares of Monsanto Company (NYSE MON) opened at 117.42 on Monday. The firm’s 50-day moving average is $117.22 and its 200 day moving average is $116.24. The stock has a market capitalization of $51.59 billion, a P/E ratio of 25.36 and a beta of 1.07. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $118.97.
Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, analysts expect that Monsanto Company will post $4.89 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors 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 yield of 1.84%. Monsanto’s dividend payout ratio is currently 46.75%.
A number of equities research analysts have 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 price target for the company in a report on Friday, June 16th. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a report on Thursday, July 6th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $128.00 price target (up from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $123.43.
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In related news, EVP Steven Mizell sold 11,300 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the transaction, the executive vice president now owns 55,011 shares in the company, valued at $6,522,654.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Janet M. Holloway sold 7,423 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $118.00, for a total value of $875,914.00. Following the completion of the transaction, the senior vice president now owns 33,645 shares in the company, valued at approximately $3,970,110. The disclosure for this sale can be found here. Insiders sold 71,133 shares of company stock worth $8,397,515 in the last 90 days. 0.79% of the stock is currently owned by corporate 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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