Charles S. Mcmillan Acquires 3,500 Shares of Monsanto Co. (MON) Stock
Monsanto Co. (NYSE:MON) Director Charles S. Mcmillan purchased 3,500 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was acquired at an average cost of $103.23 per share, with a total value of $361,305.00. Following the transaction, the director now directly owns 64,009 shares in the company, valued at $6,607,649.07. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Monsanto Co. (NYSE:MON) opened at 102.54 on Friday. The stock has a 50 day moving average of $104.53 and a 200 day moving average of $101.70. The stock has a market cap of $44.88 billion, a P/E ratio of 34.32 and a beta of 1.19. Monsanto Co. has a one year low of $83.73 and a one year high of $114.26.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.19) earnings per share. Equities analysts expect that Monsanto Co. will post $4.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $2.16 annualized dividend and a yield of 2.11%. Monsanto’s dividend payout ratio is presently 71.05%.
Several equities analysts have commented on MON shares. Goldman Sachs Group Inc. set a $92.00 price target on shares of Monsanto and gave the company a “sell” rating in a research report on Monday, June 27th. Vetr raised shares of Monsanto from a “buy” rating to a “strong-buy” rating and set a $116.55 price target for the company in a research report on Monday, June 27th. Jefferies Group reissued a “buy” rating on shares of Monsanto in a research report on Wednesday, June 29th. Deutsche Bank AG reissued a “buy” rating and issued a $118.00 price target on shares of Monsanto in a research report on Thursday, June 30th. Finally, Piper Jaffray Cos. decreased their price target on shares of Monsanto from $127.00 to $118.00 and set an “overweight” rating for the company in a research report on Thursday, June 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $114.65.
Hedge funds have recently bought and sold shares of the stock. WFG Advisors LP boosted its stake in Monsanto by 18.6% in the second quarter. WFG Advisors LP now owns 1,009 shares of the company’s stock valued at $104,000 after buying an additional 158 shares in the last quarter. Signaturefd LLC boosted its stake in Monsanto by 62.1% in the second quarter. Signaturefd LLC now owns 1,083 shares of the company’s stock valued at $112,000 after buying an additional 415 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Monsanto by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,094 shares of the company’s stock valued at $113,000 after buying an additional 12 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in Monsanto by 1,179.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,100 shares of the company’s stock valued at $114,000 after buying an additional 1,014 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in Monsanto by 4.5% in the second quarter. Enterprise Financial Services Corp now owns 1,335 shares of the company’s stock valued at $138,000 after buying an additional 57 shares in the last quarter. 79.02% of the stock is currently owned by hedge funds and other 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 precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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