Monsanto Co. (MON) Stock Price Up 3.4%
Shares of Monsanto Co. (NYSE:MON) rose 3.4% during mid-day trading on Thursday . The stock traded as high as $107.72 and last traded at $104.55, with a volume of 9,637,155 shares traded. The stock had previously closed at $101.13.
MON has been the topic of several analyst reports. Vetr upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $91.48 price target on the stock in a research report on Monday, April 11th. Morgan Stanley reiterated a “buy” rating on shares of Monsanto in a research report on Saturday, April 9th. Berenberg Bank reduced their price target on shares of Monsanto from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Deutsche Bank AG reiterated a “buy” rating and set a $100.00 price target (down previously from $105.00) on shares of Monsanto in a research report on Thursday, April 7th. Finally, TheStreet upgraded shares of Monsanto from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $108.38.
The company has a market capitalization of $45.60 billion and a PE ratio of 45.87. The firm’s 50 day moving average is $106.29 and its 200-day moving average is $95.27.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.23. During the same period last year, the business earned $2.39 earnings per share. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.49 billion. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. On average, analysts predict that Monsanto Co. will post $4.46 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 8th will be paid a $0.54 dividend. The ex-dividend date is Wednesday, July 6th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.07%.
In other Monsanto news, Director George Poste sold 1,136 shares of the stock in a transaction on Tuesday, April 19th. The shares were sold at an average price of $91.93, for a total transaction of $104,432.48. Following the completion of the sale, the director now owns 34,619 shares of the company’s stock, valued at approximately $3,182,524.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of large investors have recently made changes to their positions in the stock. LS Investment Advisors LLC boosted its stake in shares of Monsanto by 3.5% in the fourth quarter. LS Investment Advisors LLC now owns 11,344 shares of the company’s stock valued at $1,118,000 after buying an additional 379 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of Monsanto by 3.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 62,266 shares of the company’s stock valued at $6,134,000 after buying an additional 2,303 shares during the last quarter. Rit Capital Partners PLC boosted its stake in shares of Monsanto by 86.5% in the fourth quarter. Rit Capital Partners PLC now owns 360,000 shares of the company’s stock valued at $35,467,000 after buying an additional 167,000 shares during the last quarter. Plancorp LLC boosted its stake in shares of Monsanto by 15.9% in the fourth quarter. Plancorp LLC now owns 94,318 shares of the company’s stock valued at $9,293,000 after buying an additional 12,938 shares during the last quarter. Finally, Todd Asset Management LLC boosted its stake in shares of Monsanto by 38.6% in the fourth quarter. Todd Asset Management LLC now owns 117,955 shares of the company’s stock valued at $11,621,000 after buying an additional 32,859 shares during the last quarter.
Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Company’s seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity.
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