Royal Bank Of Canada reiterated their hold rating on shares of Monsanto Company (NYSE:MON) in a research report released on Wednesday morning. They currently have a $128.00 price objective on the basic materials company’s stock.
A number of other brokerages have also recently weighed in on MON. Zacks Investment Research cut shares of Monsanto from a buy rating to a hold rating in a research note on Tuesday, September 12th. Wells Fargo & Company lifted their price objective on shares of Monsanto from $107.50 to $118.00 and gave the company a market perform rating in a research note on Tuesday, October 10th. UBS AG cut shares of Monsanto from a buy rating to a neutral rating and set a $128.00 price objective on the stock. in a research note on Friday, August 18th. BidaskClub upgraded shares of Monsanto from a sell rating to a hold rating in a research note on Saturday, August 19th. Finally, Barclays PLC restated an equal weight rating and set a $124.00 price objective (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Eleven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $124.61.
Shares of Monsanto (MON) opened at $118.33 on Wednesday. Monsanto has a one year low of $100.29 and a one year high of $122.79. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12. The firm has a market cap of $52,088.87, a PE ratio of 21.40, a P/E/G ratio of 1.70 and a beta of 1.05.
Monsanto (NYSE:MON) last issued its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.61. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the business earned $0.07 earnings per share. The company’s revenue was up 4.8% on a year-over-year basis. research analysts predict that Monsanto will post 5.74 EPS for the current year.
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In related news, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $120.00, for a total value of $343,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total value of $2,717,479.20. Following the transaction, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. Insiders sold a total of 49,236 shares of company stock worth $5,931,934 in the last three months. 0.79% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Monsanto by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock valued at $3,636,697,000 after acquiring an additional 784,418 shares in the last quarter. BlackRock Inc. grew its stake in Monsanto by 6.5% during the 2nd quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock valued at $3,302,038,000 after acquiring an additional 1,705,439 shares in the last quarter. State Street Corp grew its stake in Monsanto by 0.6% during the 2nd quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock valued at $2,399,965,000 after acquiring an additional 122,814 shares in the last quarter. Capital International Investors grew its stake in Monsanto by 10.3% during the 3rd quarter. Capital International Investors now owns 9,344,430 shares of the basic materials company’s stock valued at $1,119,650,000 after acquiring an additional 872,377 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Monsanto by 0.7% during the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock valued at $839,519,000 after acquiring an additional 47,725 shares in the last quarter. 74.50% of the stock is currently owned by institutional investors.
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 digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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