Kwmg LLC raised its holdings in shares of Monsanto Company (NYSE:MON) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,951 shares of the basic materials company’s stock after purchasing an additional 813 shares during the period. Kwmg LLC’s holdings in Monsanto were worth $1,672,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc. acquired a new position in Monsanto during the 2nd quarter valued at about $114,000. Bruderman Asset Management LLC acquired a new position in Monsanto during the 2nd quarter valued at about $116,000. Tower Research Capital LLC TRC lifted its position in Monsanto by 230.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 750 shares during the period. Armbruster Capital Management Inc. lifted its position in Monsanto by 12.2% during the 2nd quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 125 shares during the period. Finally, Enterprise Financial Services Corp lifted its position in 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 during the period. Institutional investors own 74.50% of the company’s stock.
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MON has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BMO Capital Markets restated a “buy” rating and set a $128.00 target price on shares of Monsanto in a research report on Friday, September 1st. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Vetr downgraded shares of Monsanto from a “buy” rating to a “hold” rating and set a $122.35 target price on the stock. in a research report on Wednesday, August 2nd. Finally, Barclays PLC restated an “equal weight” rating and set a $124.00 target price (up from $120.00) on shares of Monsanto in a research report on Thursday, October 5th. Eleven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Monsanto has a consensus rating of “Hold” and an average price target of $124.61.
Monsanto (NYSE:MON) last posted its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.51 billion. During the same period in the prior year, the business earned $0.07 EPS. Monsanto’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts anticipate that Monsanto Company will post 5.74 EPS for the current fiscal year.
In related news, VP Nicole M. Ringenberg sold 7,890 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $122.25, for a total transaction of $964,552.50. Following the completion of the sale, the vice president now directly owns 38,600 shares of the company’s stock, valued at approximately $4,718,850. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Pierre Courduroux sold 4,320 shares of the 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 sale, the chief financial officer now directly owns 48,388 shares of the company’s stock, valued at $5,903,336. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,236 shares of company stock valued at $5,931,934. 0.79% of the stock is owned by company insiders.
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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