MUFG Securities EMEA plc lifted its holdings in Monsanto (NYSE:MON) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 568,000 shares of the basic materials company’s stock after acquiring an additional 100,000 shares during the quarter. Monsanto accounts for 1.4% of MUFG Securities EMEA plc’s holdings, making the stock its 10th biggest position. MUFG Securities EMEA plc owned approximately 0.13% of Monsanto worth $66,280,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Gradient Investments LLC purchased a new position in shares of Monsanto in the fourth quarter worth about $108,000. Elkfork Partners LLC purchased a new position in Monsanto during the fourth quarter worth about $162,000. Truewealth LLC purchased a new position in Monsanto during the fourth quarter worth about $163,000. Flinton Capital Management LLC raised its stake in Monsanto by 90.9% during the fourth quarter. Flinton Capital Management LLC now owns 1,764 shares of the basic materials company’s stock worth $206,000 after purchasing an additional 840 shares during the period. Finally, HBK Sorce Advisory LLC purchased a new position in Monsanto during the fourth quarter worth about $212,000. Hedge funds and other institutional investors own 75.13% of the company’s stock.
Monsanto opened at $125.49 on Friday, MarketBeat reports. The stock has a market capitalization of $55.23 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 2.59 and a beta of 0.95. Monsanto has a 12-month low of $125.15 and a 12-month high of $125.50. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.41.
Monsanto (NYSE:MON) last posted its earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.31 by ($0.09). The business had revenue of $5.02 billion for the quarter, compared to analyst estimates of $5.34 billion. Monsanto had a return on equity of 37.31% and a net margin of 17.07%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the company posted $3.19 EPS. analysts forecast that Monsanto will post 5.7 earnings per share for the current year.
A number of equities research analysts have weighed in on MON shares. ValuEngine upgraded shares of Monsanto from a “hold” rating to a “buy” rating in a research report on Monday, April 9th. Argus cut shares of Monsanto from a “buy” rating to a “sell” rating in a report on Monday, April 16th. BMO Capital Markets cut shares of Monsanto from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 10th. Zacks Investment Research downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Monday, April 9th. Finally, Sanford C. Bernstein restated a “neutral” rating and set a $119.00 price objective on shares of Monsanto in a research report on Monday, April 9th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $126.61.
Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.
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