Smith Asset Management Group LP lowered its stake in Monsanto Company (NYSE:MON) by 18.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,593 shares of the basic materials company’s stock after selling 15,710 shares during the period. Smith Asset Management Group LP’s holdings in Monsanto were worth $8,219,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in MON. Puplava Financial Services Inc. boosted its holdings 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 buying an additional 9 shares in the last quarter. Guardian Life Insurance Co. of America boosted 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 boosted 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. Forward Management LLC boosted 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. Finally, Lee Financial Co boosted its stake in Monsanto by 0.3% in the 2nd quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 17 shares in the last quarter. Institutional investors and hedge funds own 74.41% of the company’s stock.

In other Monsanto news, CFO Pierre Courduroux sold 4,320 shares of the company’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the transaction, the chief financial officer now directly owns 48,388 shares in the company, valued at approximately $5,903,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $120.03, for a total value of $2,717,479.20. Following the completion of the transaction, the chief operating officer now owns 85,439 shares of the company’s stock, valued at $10,255,243.17. The disclosure for this sale can be found here. Insiders sold a total of 49,236 shares of company stock valued at $5,931,934 over the last 90 days. 0.79% of the stock is currently owned by corporate insiders.

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A number of equities analysts recently issued reports on MON shares. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a research note on Monday, September 4th. BMO Capital Markets reiterated a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research note on Friday, September 1st. Jefferies Group LLC reissued a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research report on Friday, September 15th. BidaskClub lowered Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research report on Wednesday, July 12th. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $124.61.

Monsanto Company (NYSE MON) traded up $0.67 during mid-day trading on Thursday, reaching $118.05. The company’s stock had a trading volume of 210,354 shares, compared to its average volume of 2,486,422. Monsanto Company has a 1-year low of $97.35 and a 1-year high of $122.79. The company has a quick ratio of 0.83, a current ratio of 1.35 and a debt-to-equity ratio of 1.12. The company has a market cap of $52,621.51, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.05.

Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company posted $0.07 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities analysts predict that Monsanto Company will post 5.74 EPS for the current fiscal year.

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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