A number of other analysts have also recently weighed in on MON. Macquarie cut shares of Monsanto from an outperform rating to a neutral rating in a report on Wednesday, October 4th. BMO Capital Markets reissued a buy rating and set a $128.00 target price on shares of Monsanto in a research note on Thursday, October 5th. Barclays reissued an equal weight rating and set a $124.00 target price (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Wells Fargo & Co raised their target price 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. Finally, Royal Bank of Canada reissued a hold rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $127.30.
Monsanto (NYSE MON) traded down $0.44 during mid-day trading on Tuesday, hitting $118.64. 4,756,913 shares of the company were exchanged, compared to its average volume of 3,530,000. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. Monsanto has a 1-year low of $106.97 and a 1-year high of $123.15. The firm has a market cap of $52,300.00, a PE ratio of 21.93, a PEG ratio of 1.70 and a beta of 1.01.
Monsanto (NYSE:MON) last released its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the business earned $0.21 EPS. The firm’s revenue was up .3% on a year-over-year basis. analysts expect that Monsanto will post 5.76 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.54 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.82%. Monsanto’s dividend payout ratio is currently 39.93%.
In other news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Gradient Investments LLC acquired a new position in shares of Monsanto in the 4th quarter worth approximately $108,000. Bruderman Asset Management LLC acquired a new position in shares of Monsanto in the 2nd quarter worth approximately $116,000. Tower Research Capital LLC TRC grew its stake in shares of Monsanto by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 750 shares during the last quarter. Americafirst Capital Management LLC acquired a new position in shares of Monsanto in the 3rd quarter worth approximately $148,000. Finally, Fieldpoint Private Securities LLC grew its stake in shares of Monsanto by 100.6% in the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,575 shares of the basic materials company’s stock worth $186,000 after purchasing an additional 790 shares during the last quarter. 75.62% of the stock is currently owned by institutional investors.
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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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