Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its stake in shares of Monsanto (NYSE:MON) by 43.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,500 shares of the basic materials company’s stock after acquiring an additional 60,600 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Monsanto were worth $23,414,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MON. Laurel Wealth Advisors Inc. increased its holdings in Monsanto by 12.2% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 4,166 shares of the basic materials company’s stock worth $499,000 after buying an additional 453 shares in the last quarter. Zions Bancorporation increased its holdings in Monsanto by 18.2% in the 3rd quarter. Zions Bancorporation now owns 3,184 shares of the basic materials company’s stock worth $381,000 after buying an additional 491 shares in the last quarter. Rothschild Investment Corp IL increased its holdings in Monsanto by 0.9% in the 4th quarter. Rothschild Investment Corp IL now owns 59,112 shares of the basic materials company’s stock worth $6,903,000 after buying an additional 510 shares in the last quarter. Dowling & Yahnke LLC increased its holdings in Monsanto by 11.8% in the 4th quarter. Dowling & Yahnke LLC now owns 4,874 shares of the basic materials company’s stock worth $569,000 after buying an additional 514 shares in the last quarter. Finally, Palladium Partners LLC increased its holdings in Monsanto by 27.8% in the 4th quarter. Palladium Partners LLC now owns 2,493 shares of the basic materials company’s stock worth $291,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
MON stock opened at $118.80 on Wednesday. The stock has a market capitalization of $51,855.81, a PE ratio of 21.84, a price-to-earnings-growth ratio of 1.68 and a beta of 0.95. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79. Monsanto has a 12-month low of $112.41 and a 12-month high of $124.20.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.82%. Monsanto’s payout ratio is currently 39.85%.
In other news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction dated Tuesday, January 9th. The stock was 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.
Several equities research analysts recently commented on MON shares. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Monsanto currently has a consensus rating of “Hold” and an average price target of $127.30.
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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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