Perpetual Ltd Has $2.25 Million Stake in Monsanto Company (MON)
Perpetual Ltd decreased its stake in Monsanto Company (NYSE:MON) by 79.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,019 shares of the basic materials company’s stock after selling 72,978 shares during the period. Perpetual Ltd’s holdings in Monsanto were worth $2,251,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in MON. BlackRock Inc. grew its holdings in shares of Monsanto by 2,390.1% in the 1st quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after acquiring an additional 25,140,936 shares in the last quarter. OZ Management LP bought a new position in shares of Monsanto in the 2nd quarter valued at about $242,786,000. York Capital Management Global Advisors LLC grew its holdings in shares of Monsanto by 58.4% in the 1st quarter. York Capital Management Global Advisors LLC now owns 4,087,116 shares of the basic materials company’s stock valued at $462,662,000 after acquiring an additional 1,506,057 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Monsanto by 2,540.4% in the 2nd quarter. Janus Henderson Group PLC now owns 1,491,324 shares of the basic materials company’s stock valued at $176,515,000 after acquiring an additional 1,434,844 shares in the last quarter. Finally, PSquared Asset Management AG grew its holdings in shares of Monsanto by 239.0% in the 2nd quarter. PSquared Asset Management AG now owns 1,274,320 shares of the basic materials company’s stock valued at $150,829,000 after acquiring an additional 898,395 shares in the last quarter. Institutional investors own 74.77% of the company’s stock.
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In related news, EVP Steven Mizell sold 11,526 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $119.70, for a total transaction of $1,379,662.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the sale, the chief operating officer now owns 85,439 shares in the company, valued at $10,255,243.17. The disclosure for this sale can be found here. Insiders have sold a total of 37,026 shares of company stock worth $4,440,341 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.
Shares of Monsanto Company (NYSE MON) remained flat at $122.15 during midday trading on Wednesday. The company had a trading volume of 1,238,938 shares. The company has a 50 day moving average price of $118.79 and a 200-day moving average price of $117.33. The firm has a market cap of $53.68 billion, a price-to-earnings ratio of 24.00 and a beta of 1.07. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $122.80.
Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.61. The company had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. Monsanto’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 EPS. On average, equities analysts expect that Monsanto Company will post $5.70 EPS for the current year.
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s payout ratio is currently 42.27%.
Several equities analysts have recently weighed in on MON shares. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective for the company in a report on Monday, September 4th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 target price on shares of Monsanto in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research note on Friday, September 15th. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research note on Wednesday, July 12th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $124.61.
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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