Elgethun Capital Management decreased its holdings in Monsanto Company (NYSE:MON) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,620 shares of the basic materials company’s stock after selling 174 shares during the quarter. Monsanto accounts for about 3.1% of Elgethun Capital Management’s portfolio, making the stock its 6th largest holding. Elgethun Capital Management’s holdings in Monsanto were worth $3,979,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Puplava Financial Services Inc. raised its stake in Monsanto by 0.4% in the 2nd quarter. Puplava Financial Services Inc. now owns 2,119 shares of the basic materials company’s stock worth $251,000 after purchasing an additional 9 shares in the last quarter. Savant Capital LLC raised its stake in Monsanto by 0.4% in the 1st quarter. Savant Capital LLC now owns 3,082 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 11 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Monsanto by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,689 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 11 shares in the last quarter. Enterprise Financial Services Corp raised its stake in Monsanto by 1.2% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 16 shares in the last quarter. Finally, Forward Management LLC raised its stake in Monsanto by 0.5% in the 2nd quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 74.78% of the company’s stock.

Shares of Monsanto Company (NYSE:MON) opened at 118.27 on Monday. 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 Company has a one year low of $97.35 and a one year high of $118.97. The company’s 50 day moving average is $117.25 and its 200 day moving average is $116.44.

Monsanto (NYSE:MON) last announced its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. The business had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. Monsanto’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $2.17 earnings per share. Equities research analysts predict that Monsanto Company will post $4.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is currently 46.75%.

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In related 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 value of $6,181,759.50. The sale was disclosed in a filing with the SEC, which is available 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 shares were 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 in the company, 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.

MON has been the subject of several analyst reports. Zacks Investment Research cut shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 1st. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $128.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Finally, Jefferies Group LLC cut shares of Monsanto from a “buy” rating to a “hold” rating and set a $128.00 price objective for the company. in a research note on Wednesday, July 12th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Monsanto presently has an average rating of “Hold” and an average target price of $124.09.

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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