Eaton Vance Management decreased its stake in shares of Monsanto Company (NYSE:MON) by 34.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 387,417 shares of the basic materials company’s stock after selling 201,245 shares during the period. Eaton Vance Management owned approximately 0.09% of Monsanto worth $45,855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Puplava Financial Services Inc. boosted its stake in shares of Monsanto by 0.4% during the 2nd quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock valued at $251,000 after purchasing an additional 9 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Monsanto by 0.4% during the 1st quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America boosted its stake in shares of Monsanto by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 11 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of Monsanto by 1.2% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 16 shares in the last quarter. Finally, Forward Management LLC boosted its stake in shares of Monsanto by 0.5% during the 2nd quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock valued at $379,000 after purchasing an additional 16 shares in the last quarter. 74.79% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have recently weighed in on MON. UBS AG lowered shares of Monsanto from a “positive” rating to a “neutral” rating in a research note on Tuesday, June 27th. BidaskClub lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Piper Jaffray Companies set a $128.00 price target on shares of Monsanto and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a research report on Tuesday, June 27th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $124.09.

Shares of Monsanto Company (NYSE MON) opened at 118.27 on Friday. 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 is $117.25 and its 200 day moving average is $116.44. The company has a market capitalization of $51.96 billion, a price-to-earnings ratio of 25.54 and a beta of 1.07.

Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period last year, the firm posted $2.17 EPS. Monsanto’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Monsanto Company will post $4.89 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders 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 yield of 1.83%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio is presently 46.75%.

In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of the firm’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

Monsanto 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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