Vertex One Asset Management Inc. reduced its position in Monsanto (NYSE:MON) by 29.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,400 shares of the basic materials company’s stock after selling 17,300 shares during the quarter. Vertex One Asset Management Inc.’s holdings in Monsanto were worth $4,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in MON. Gradient Investments LLC purchased a new stake in Monsanto in the fourth quarter worth $108,000. Americafirst Capital Management LLC bought a new position in shares of Monsanto in the third quarter worth $148,000. Truewealth LLC bought a new position in shares of Monsanto in the fourth quarter worth $163,000. McKinley Carter Wealth Services Inc. bought a new position in shares of Monsanto in the fourth quarter worth $218,000. Finally, Bedel Financial Consulting Inc. bought a new position in shares of Monsanto in the fourth quarter worth $244,000. 76.25% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently commented on MON shares. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $128.00 price target (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Monsanto in a report on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $127.30.
Monsanto (NYSE:MON) traded up $0.06 during trading hours on Monday, reaching $123.57. The company had a trading volume of 115,235 shares, compared to its average volume of 3,276,831. The company has a market capitalization of $54,443.31, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Monsanto has a 12 month low of $111.92 and a 12 month high of $124.20. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. Monsanto had a net margin of 16.38% and a return on equity of 40.13%. Monsanto’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 EPS. equities analysts predict that Monsanto will post 5.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, April 5th. Monsanto’s dividend payout ratio is 39.85%.
COPYRIGHT VIOLATION NOTICE: “Vertex One Asset Management Inc. Sells 17,300 Shares of Monsanto (MON)” was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2018/03/12/vertex-one-asset-management-inc-sells-17300-shares-of-monsanto-mon.html.
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.
Receive News & Ratings for Monsanto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto and related companies with MarketBeat.com's FREE daily email newsletter.