Today, North Star Investment Management Corp. Maintains Position in Monsanto Co. (MON)

Today, North Star Investment Management Corp. Maintains Position in Monsanto Co. (MON)
North Star Investment Management Corp. maintained its stake in shares of Monsanto Co. (NYSE:MON) during the third quarter, Holdings Channel reports. The institutional investor owned 2,104 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in Monsanto were worth $215,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Candriam Luxembourg S.C.A. purchased a new stake in shares of Monsanto during the second quarter valued at approximately $12,767,000. Nisa Investment Advisors LLC raised its position in Monsanto by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 189,692 shares of the company’s stock worth $19,616,000 after buying an additional 5,890 shares in the last quarter. Shell Asset Management Co. raised its position in Monsanto by 7.7% in the second quarter. Shell Asset Management Co. now owns 131,594 shares of the company’s stock worth $13,608,000 after buying an additional 9,459 shares in the last quarter. Mondrian Investment Partners LTD raised its position in Monsanto by 22.1% in the second quarter. Mondrian Investment Partners LTD now owns 785,779 shares of the company’s stock worth $81,257,000 after buying an additional 142,262 shares in the last quarter. Finally, Carmignac Gestion bought a new position in Monsanto during the second quarter worth approximately $197,555,000. Institutional investors own 78.26% of the company’s stock.

Shares of Monsanto Co. (NYSE:MON) traded up 0.14% on Friday, reaching $102.56. 964,523 shares of the company traded hands. Monsanto Co. has a 52-week low of $83.73 and a 52-week high of $114.26. The stock has a market cap of $44.92 billion, a price-to-earnings ratio of 34.32 and a beta of 1.01. The stock has a 50 day moving average of $101.01 and a 200 day moving average of $103.96.

Monsanto (NYSE:MON) last released its quarterly earnings data on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.09. The company earned $2.56 billion during the quarter, compared to analyst estimates of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. Monsanto’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.19) EPS. On average, analysts expect that Monsanto Co. will post $4.73 earnings per share for the current year.

A number of research firms recently commented on MON. Vetr lowered shares of Monsanto from a “strong-buy” rating to a “buy” rating and set a $111.12 price objective on the stock. in a research note on Tuesday. OTR Global upgraded shares of Monsanto from a “negative” rating to a “mixed” rating in a research note on Friday, November 18th. Argus reiterated a “buy” rating and set a $128.00 price objective on shares of Monsanto in a research note on Sunday, October 9th. BMO Capital Markets reiterated an “outperform” rating and set a $128.00 price objective on shares of Monsanto in a research note on Saturday, October 8th. Finally, JPMorgan Chase & Co. set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a research note on Thursday, October 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $114.06.

In other Monsanto news, EVP Steven Mizell sold 310 shares of Monsanto stock in a transaction on Monday, October 10th. The shares were sold at an average price of $103.09, for a total transaction of $31,957.90. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert T. Fraley sold 80,631 shares of Monsanto stock in a transaction on Friday, October 14th. The stock was sold at an average price of $102.04, for a total transaction of $8,227,587.24. Following the transaction, the executive vice president now directly owns 38,711 shares in the company, valued at $3,950,070.44. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Monsanto Company Profile

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

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