Teacher Retirement System of Texas grew its stake in Monsanto Company (NYSE:MON) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 229,878 shares of the basic materials company’s stock after buying an additional 1,363 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Monsanto worth $27,544,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in MON. Pinnacle Financial Partners Inc. acquired a new stake in shares of Monsanto in the second quarter worth about $114,000. Bruderman Asset Management LLC acquired a new stake in shares of Monsanto in the second quarter worth about $116,000. Tower Research Capital LLC TRC lifted its position in shares of Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after buying an additional 750 shares during the last quarter. Armbruster Capital Management Inc. lifted its position in shares of Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after buying an additional 125 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in shares of Monsanto by 1.2% in the second quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after buying an additional 16 shares during the last quarter. 74.50% of the stock is owned by institutional investors.
A number of brokerages have weighed in on MON. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research report on Wednesday. UBS AG cut Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price objective for the company. in a research report on Friday, August 18th. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Wells Fargo & Company boosted their price objective on Monsanto from $107.50 to $118.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 10th. Eleven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Monsanto currently has an average rating of “Hold” and an average price target of $124.61.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS 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 analyst estimates of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. Monsanto’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 EPS. research analysts expect that Monsanto Company will post 5.74 earnings per share 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 sale, the vice president now directly owns 38,600 shares in the company, valued at approximately $4,718,850. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Mizell sold 11,526 shares of the stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $119.70, for a total value 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.
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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