Monsanto Co. (NYSE:MON) EVP Robert T. Fraley sold 80,631 shares of the firm’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $102.04, for a total value of $8,227,587.24. Following the transaction, the executive vice president now directly owns 38,711 shares in the company, valued at approximately $3,950,070.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Monsanto Co. (NYSE:MON) opened at 102.67 on Wednesday. The company has a market cap of $44.94 billion, a PE ratio of 34.36 and a beta of 1.19. Monsanto Co. has a 12-month low of $83.73 and a 12-month high of $114.26. The stock has a 50 day moving average of $104.11 and a 200-day moving average of $102.15.
Monsanto (NYSE:MON) last announced its 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. Monsanto had a return on equity of 46.07% and a net margin of 9.89%. The firm earned $2.56 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the firm posted ($0.19) EPS. The business’s revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts anticipate that Monsanto Co. will post $4.89 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, October 5th. Monsanto’s dividend payout ratio is presently 71.05%.
Several large investors have recently made changes to their positions in the stock. Candriam Luxembourg S.C.A. purchased a new stake in shares of Monsanto during the second quarter valued at $12,767,000. Nisa Investment Advisors LLC raised its stake in shares of Monsanto by 3.2% in the second quarter. Nisa Investment Advisors LLC now owns 189,692 shares of the company’s stock valued at $19,616,000 after buying an additional 5,890 shares during the period. Shell Asset Management Co. raised its stake in shares of Monsanto by 7.7% in the second quarter. Shell Asset Management Co. now owns 131,594 shares of the company’s stock valued at $13,608,000 after buying an additional 9,459 shares during the period. Carmignac Gestion purchased a new stake in shares of Monsanto during the second quarter valued at $197,555,000. Finally, Legal & General Group Plc raised its stake in shares of Monsanto by 2.5% in the first quarter. Legal & General Group Plc now owns 1,944,838 shares of the company’s stock valued at $170,663,000 after buying an additional 46,878 shares during the period. 78.94% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the company. Argus reissued a “buy” rating and set a $128.00 price target on shares of Monsanto in a report on Sunday, October 9th. BMO Capital Markets restated an “outperform” rating and issued a $128.00 price objective on shares of Monsanto in a research report on Saturday, October 8th. JPMorgan Chase & Co. set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a research report on Thursday, October 6th. Zacks Investment Research downgraded shares of Monsanto from a “hold” rating to a “strong sell” rating in a research report on Friday, October 7th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Monsanto in a research report on Thursday, October 6th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $114.65.
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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