Bamco Inc. NY trimmed its holdings in Monsanto (NYSE:MON) by 45.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,969 shares of the basic materials company’s stock after selling 9,906 shares during the quarter. Bamco Inc. NY’s holdings in Monsanto were worth $1,398,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Monsanto by 3.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 96,184 shares of the basic materials company’s stock worth $11,232,000 after acquiring an additional 2,831 shares during the last quarter. Aristotle Atlantic Partners LLC bought a new stake in Monsanto during the 4th quarter valued at $7,030,000. BlueCrest Capital Management Ltd raised its holdings in Monsanto by 61.1% during the 4th quarter. BlueCrest Capital Management Ltd now owns 72,681 shares of the basic materials company’s stock valued at $8,488,000 after buying an additional 27,573 shares during the last quarter. Twin Securities Inc. raised its holdings in Monsanto by 1.9% during the 4th quarter. Twin Securities Inc. now owns 398,895 shares of the basic materials company’s stock valued at $46,583,000 after buying an additional 7,615 shares during the last quarter. Finally, Blue Pool Management Ltd. bought a new stake in Monsanto during the 4th quarter valued at $1,168,000. Hedge funds and other institutional investors own 76.25% of the company’s stock.
Monsanto (NYSE:MON) opened at $123.15 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 0.79 and a debt-to-equity ratio of 1.05. The stock has a market cap of $54,280.00, a price-to-earnings ratio of 22.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95. Monsanto has a 1 year low of $111.92 and a 1 year high of $124.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, April 5th. Monsanto’s payout ratio is currently 39.93%.
A number of equities research analysts recently commented on MON shares. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Wells Fargo & Co reiterated a “market perform” rating and set a $128.00 price target (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Monsanto in a report on Wednesday, November 15th. Eleven equities 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 a consensus rating of “Hold” and an average price target of $127.30.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the business’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the transaction, the executive vice president now directly owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by 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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