Trade Report: Today: Teacher Retirement System of Texas cuts its investment of stake in Monsanto Co. (MON)

Today: Teacher Retirement System of Texas cuts its investment of stake in Monsanto Co. (MON)

Teacher Retirement System of Texas decreased its stake in Monsanto Co. (NYSE:MON) by 9.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 578,060 shares of the company’s stock after selling 61,053 shares during the period. Teacher Retirement System of Texas owned 0.13% of Monsanto worth $59,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Babson Capital Management LLC purchased a new position in Monsanto during the first quarter valued at $1,906,000. Squarepoint Ops LLC raised its position in Monsanto by 138.6% in the first quarter. Squarepoint Ops LLC now owns 15,827 shares of the company’s stock valued at $1,389,000 after buying an additional 9,193 shares during the last quarter. Euclid Advisors LLC purchased a new position in Monsanto during the first quarter valued at $1,569,000. Park National Corp OH purchased a new position in Monsanto during the second quarter valued at $320,000. Finally, Baxter Bros Inc. purchased a new position in Monsanto during the second quarter valued at $2,876,000. 73.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Monsanto Co. (NYSE:MON) traded down 0.59% during midday trading on Monday, hitting $101.96. 749,098 shares of the stock were exchanged. Monsanto Co. has a 1-year low of $83.73 and a 1-year high of $114.26. The firm has a market capitalization of $44.66 billion, a price-to-earnings ratio of 34.12 and a beta of 1.01. The stock’s 50-day moving average price is $101.01 and its 200-day moving average price is $103.96.

Monsanto (NYSE:MON) last issued 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. Monsanto had a return on equity of 46.07% and a net margin of 9.89%. The business had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same period last year, the business earned ($0.19) EPS. The business’s revenue was up 8.8% on a year-over-year basis. On average, analysts forecast that Monsanto Co. will post $4.73 EPS for the current year.

MON has been the topic of a number of research reports. Vetr raised shares of Monsanto from a “buy” rating to a “strong-buy” rating and set a $117.09 price target on the stock in a research note on Wednesday, August 3rd. Monness Crespi & Hardt raised shares of Monsanto from a “neutral” rating to a “buy” rating and lifted their price target for the company from $106.93 to $130.00 in a research note on Monday, August 8th. Citigroup Inc. lifted their price target on shares of Monsanto from $112.00 to $116.00 and gave the company a “neutral” rating in a research note on Friday, August 19th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $118.00 price target on shares of Monsanto in a research note on Sunday, August 21st. Finally, Zacks Investment Research raised shares of Monsanto from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $114.06.

In other Monsanto news, EVP Robert T. Fraley sold 80,631 shares of the firm’s 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 approximately $3,950,070.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Charles S. Mcmillan acquired 3,500 shares of the company’s stock in a transaction on Monday, October 10th. The shares were bought at an average price of $103.23 per share, for a total transaction of $361,305.00. Following the completion of the purchase, the director now owns 64,009 shares in the company, valued at approximately $6,607,649.07. The disclosure for this purchase can be found here. Company insiders own 0.88% of the company’s stock.

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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