Chairman, President & CEO of Monsanto Co. (MON, Financial) Hugh Grant sold 150,620 shares on 07/13/2011 at an average price of $75. The total transaction amount is $11,296,500. Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Co. has a market cap of $39.87 billion; its shares were traded at around $74.39 with a P/E ratio of 24.3 and P/S ratio of 3.8. The dividend yield of Monsanto Co. stocks is 1.5%. Monsanto Co. had an annual average earnings growth of 19.2% over the past 10 years.
Hugh Grant is the Chairman, President, and CEO of Monsanto Company. He earned a B.S. in agricultural zoology and has an MBA from International Management Center in Buckingham, England. In March 2009, he was named one of the world’s 30 most respected CEOs on Barron’s annual list. He was also named 2010 CEO of the Year by magazine Chief Executive. His total 2009 compensation at Monsanto was $10.8 million.
Steve Mandel bought 2,323,792 shares in the quarter that ended on 03/31/2011, which is 1.34% of the $12.58 billion portfolio of Lone Pine Capital. Chris Davis owns 11,646,300 shares as of 03/31/2011, which accounts for 1.42% of the $59.34 billion portfolio of Davis Selected Advisers. Richard Aster Jr owns 211,900 shares as of 03/31/2011, which accounts for 0.46% of the $3.34 billion portfolio of Meridian Fund. Bill Gates owns 500,000 shares as of 03/31/2011, which accounts for 0.23% of the $15.54 billion portfolio of Bill & Melinda Gates Foundation Trust. Mario Gabelli owns 177,897 shares as of 03/31/2011, a decrease of 68.74% of from the previous quarter. This position accounts for 0.09% of the $13.97 billion portfolio of GAMCO Investors.
Exec. VP Human Resources Steven Mizell sold 255 shares of MON stock on 07/12/2011 at the average price of 74.25. Steven Mizell owns at least 41,768 shares after this. The price of the stock has increased by 0.19% since. VP and Controller Nicole M Ringenberg sold 16,978 shares of MON stock on 04/12/2011 at the average price of 68.6. Nicole M Ringenberg owns at least 10,163 shares after this. The price of the stock has increased by 8.44% since. Many other insiders have also reduced their positions in the company.
Net sales increased $239 million, or 6 percent, in the three-month comparison driven by volume in both the seeds and genomics and agricultural productivity segments. Net income in the second quarter was $1 billion. Gross profit rose 10 percent in the quarter to $2.3 billion, with margins higher due to cost improvements. For the first six months, gross profit is up 10 percent or $288 million.
"We came into this year with an operational plan built around creating value for our customers," said Hugh Grant, chairman, president and chief executive officer for Monsanto. "It was a plan that was designed for balanced growth – across crops, across geographies and through a combination of mix and volume improvements. We exist to serve our farmer customers, and it is rewarding to see this plan is resonating with them. Given the tempo of the year, we are where we should be, and we have the right pieces and the right execution to feel very good that mid-teens earnings growth in 2011 is on track."
Monsanto Company has a predictability rating of 1 star.
Hugh Grant is the Chairman, President, and CEO of Monsanto Company. He earned a B.S. in agricultural zoology and has an MBA from International Management Center in Buckingham, England. In March 2009, he was named one of the world’s 30 most respected CEOs on Barron’s annual list. He was also named 2010 CEO of the Year by magazine Chief Executive. His total 2009 compensation at Monsanto was $10.8 million.
Steve Mandel bought 2,323,792 shares in the quarter that ended on 03/31/2011, which is 1.34% of the $12.58 billion portfolio of Lone Pine Capital. Chris Davis owns 11,646,300 shares as of 03/31/2011, which accounts for 1.42% of the $59.34 billion portfolio of Davis Selected Advisers. Richard Aster Jr owns 211,900 shares as of 03/31/2011, which accounts for 0.46% of the $3.34 billion portfolio of Meridian Fund. Bill Gates owns 500,000 shares as of 03/31/2011, which accounts for 0.23% of the $15.54 billion portfolio of Bill & Melinda Gates Foundation Trust. Mario Gabelli owns 177,897 shares as of 03/31/2011, a decrease of 68.74% of from the previous quarter. This position accounts for 0.09% of the $13.97 billion portfolio of GAMCO Investors.
Exec. VP Human Resources Steven Mizell sold 255 shares of MON stock on 07/12/2011 at the average price of 74.25. Steven Mizell owns at least 41,768 shares after this. The price of the stock has increased by 0.19% since. VP and Controller Nicole M Ringenberg sold 16,978 shares of MON stock on 04/12/2011 at the average price of 68.6. Nicole M Ringenberg owns at least 10,163 shares after this. The price of the stock has increased by 8.44% since. Many other insiders have also reduced their positions in the company.
Net sales increased $239 million, or 6 percent, in the three-month comparison driven by volume in both the seeds and genomics and agricultural productivity segments. Net income in the second quarter was $1 billion. Gross profit rose 10 percent in the quarter to $2.3 billion, with margins higher due to cost improvements. For the first six months, gross profit is up 10 percent or $288 million.
"We came into this year with an operational plan built around creating value for our customers," said Hugh Grant, chairman, president and chief executive officer for Monsanto. "It was a plan that was designed for balanced growth – across crops, across geographies and through a combination of mix and volume improvements. We exist to serve our farmer customers, and it is rewarding to see this plan is resonating with them. Given the tempo of the year, we are where we should be, and we have the right pieces and the right execution to feel very good that mid-teens earnings growth in 2011 is on track."
Monsanto Company has a predictability rating of 1 star.
