BidaskClub upgraded shares of Monsanto Company (NYSE:MON) from a sell rating to a hold rating in a research report report published on Thursday, June 29th.
Other equities analysts have also issued reports about the company. UBS AG lowered Monsanto from a positive rating to a neutral rating in a research note on Tuesday, June 27th. Vetr raised Monsanto from a hold rating to a buy rating and set a $118.00 price target for the company in a research note on Wednesday, March 15th. Jefferies Group LLC reaffirmed a buy rating and set a $128.00 price target on shares of Monsanto in a research note on Tuesday, March 28th. Zacks Investment Research lowered Monsanto from a buy rating to a hold rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reissued a buy rating and set a $128.00 price objective on shares of Monsanto in a research note on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company. Monsanto presently has a consensus rating of Hold and an average price target of $123.15.
Monsanto (NYSE:MON) opened at 117.47 on Thursday. The stock has a market capitalization of $51.61 billion, a price-to-earnings ratio of 25.37 and a beta of 1.08. The company has a 50 day moving average of $117.56 and a 200-day moving average of $114.47. Monsanto has a 12-month low of $97.35 and a 12-month high of $118.97.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. During the same period in the prior year, the company posted $2.17 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities research analysts forecast that Monsanto will post $4.89 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 28th. Shareholders of record on Friday, July 7th were issued a dividend of $0.54 per share. The ex-dividend date was Wednesday, July 5th. This represents a $2.16 annualized dividend and a yield of 1.84%. Monsanto’s dividend payout ratio (DPR) is currently 46.75%.
In other Monsanto news, EVP Steven Mizell sold 11,300 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the transaction, the executive vice president now directly owns 55,011 shares in the company, valued at $6,522,654.27. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kerry J. Preete sold 11,346 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $116.86, for a total value of $1,325,893.56. Following the transaction, the executive vice president now owns 39,258 shares in the company, valued at $4,587,689.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,816 shares of company stock worth $10,117,174. Corporate insiders own 0.79% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Monsanto by 2,390.1% in the first quarter. BlackRock Inc. now owns 26,192,816 shares of the basic materials company’s stock valued at $2,965,029,000 after buying an additional 25,140,936 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Monsanto by 506.6% in the fourth quarter. Franklin Resources Inc. now owns 5,040,923 shares of the basic materials company’s stock valued at $530,355,000 after buying an additional 4,209,910 shares in the last quarter. Norges Bank acquired a new stake in shares of Monsanto during the fourth quarter valued at about $406,735,000. Renaissance Technologies LLC increased its stake in shares of Monsanto by 264.9% in the fourth quarter. Renaissance Technologies LLC now owns 2,865,800 shares of the basic materials company’s stock valued at $301,511,000 after buying an additional 2,080,400 shares in the last quarter. Finally, York Capital Management Global Advisors LLC increased its stake in shares of Monsanto by 58.4% in the first quarter. York Capital Management Global Advisors LLC now owns 4,087,116 shares of the basic materials company’s stock valued at $462,662,000 after buying an additional 1,506,057 shares in the last quarter. 74.96% of the stock is currently owned by institutional investors.
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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