Public Employees Retirement System of Ohio Has $37.07 Million Stake in Monsanto (MON)
Public Employees Retirement System of Ohio grew its holdings in shares of Monsanto (NYSE:MON) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 317,401 shares of the basic materials company’s stock after buying an additional 1,399 shares during the period. Public Employees Retirement System of Ohio’s holdings in Monsanto were worth $37,066,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scotia Capital Inc. grew its stake in Monsanto by 1.6% in the second quarter. Scotia Capital Inc. now owns 3,765 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 60 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Monsanto by 10.2% in the third quarter. Parkside Financial Bank & Trust now owns 4,865 shares of the basic materials company’s stock worth $583,000 after purchasing an additional 452 shares in the last quarter. Laurel Wealth Advisors Inc. grew its stake in Monsanto by 12.2% in the third quarter. Laurel Wealth Advisors Inc. now owns 4,166 shares of the basic materials company’s stock worth $499,000 after purchasing an additional 453 shares in the last quarter. Zions Bancorporation grew its stake in Monsanto by 18.2% in the third quarter. Zions Bancorporation now owns 3,184 shares of the basic materials company’s stock worth $381,000 after purchasing an additional 491 shares in the last quarter. Finally, Yorkville Capital Management LLC grew its stake in Monsanto by 2.7% in the second quarter. Yorkville Capital Management LLC now owns 18,800 shares of the basic materials company’s stock worth $2,225,000 after purchasing an additional 500 shares in the last quarter. 74.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Monsanto (MON) opened at $120.44 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 capitalization of $52,296.61, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01. Monsanto has a 52-week low of $107.27 and a 52-week high of $123.15.
The business also recently announced 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. The ex-dividend date is Thursday, April 5th. This represents a $2.16 annualized dividend and a yield of 1.79%. Monsanto’s dividend payout ratio (DPR) is presently 39.85%.
Several research analysts recently issued reports on MON shares. Royal Bank of Canada reissued a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Wednesday, November 15th. Zacks Investment Research cut Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Deutsche Bank reissued a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $128.00 price objective (up previously from $118.00) on shares of Monsanto in a research note 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 presently has a consensus rating of “Hold” and an average target price of $127.30.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the sale, the executive vice president now 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company 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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