Bank of New York Mellon Corp Cuts Holdings in Monsanto Company (MON)

Bank of New York Mellon Corp lowered its stake in Monsanto Company (NYSE:MON) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,604,642 shares of the basic materials company’s stock after selling 156,216 shares during the quarter. Bank of New York Mellon Corp owned about 0.82% of Monsanto worth $431,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its stake in Monsanto by 0.6% in the third quarter. Teacher Retirement System of Texas now owns 229,878 shares of the basic materials company’s stock valued at $27,544,000 after buying an additional 1,363 shares in the last quarter. Rhumbline Advisers lifted its stake in Monsanto by 1.8% in the third quarter. Rhumbline Advisers now owns 759,750 shares of the basic materials company’s stock valued at $91,033,000 after buying an additional 13,334 shares in the last quarter. Advisor Group Inc. lifted its stake in Monsanto by 4.1% in the third quarter. Advisor Group Inc. now owns 22,813 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 889 shares in the last quarter. Toronto Dominion Bank lifted its stake in Monsanto by 6.3% in the third quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock valued at $121,519,000 after buying an additional 59,750 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in Monsanto by 1.4% in the third quarter. New York State Common Retirement Fund now owns 1,182,100 shares of the basic materials company’s stock valued at $141,639,000 after buying an additional 16,075 shares in the last quarter. 74.50% of the stock is currently owned by hedge funds and other institutional investors.

In other Monsanto news, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction on Monday, September 25th. The shares were sold at an average price of $120.00, for a total transaction of $343,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Mizell sold 11,526 shares of Monsanto stock in a transaction on Monday, October 9th. The stock was sold at an average price of $119.70, for a total transaction of $1,379,662.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 49,236 shares of company stock worth $5,931,934. 0.79% of the stock is owned by corporate insiders.

Shares of Monsanto Company (NYSE MON) traded down $0.10 on Wednesday, reaching $118.05. 2,124,600 shares of the company were exchanged, compared to its average volume of 1,938,038. The firm has a market capitalization of $52,009.63, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 1.70 and a beta of 1.05. Monsanto Company has a fifty-two week low of $97.65 and a fifty-two week high of $122.79. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.83 and a current ratio of 1.35.

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

A number of analysts have recently issued reports on MON shares. Royal Bank Of Canada reiterated a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a report on Wednesday. UBS AG downgraded shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective on the stock. in a report on Friday, August 18th. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Piper Jaffray Companies set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Wells Fargo & Company lifted their price objective on shares of Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $124.61.

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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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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