Monsanto Co. Declares Quarterly Dividend of $0.38 (MON)

Monsanto (NYSE:MON) declared a quarterly dividend on Thursday, June 6th, ARN reports. Stockholders of record on Friday, July 5th will be given a dividend of $0.375 per share on Friday, July 26th. This represents a $1.50 dividend on an annualized basis and a yield of 1.52%.

Several analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Monsanto in a research note to investors on Thursday. On the ratings front, analysts at Piper Jaffray reiterated an “overweight” rating on shares of Monsanto in a research note to investors on Wednesday. They now have a $135.00 price target on the stock. Finally, analysts at Monness Crespi Hardt raised their price target on shares of Monsanto from $110.00 to $119.00 in a research note to investors on Thursday, May 30th. They now have a “buy” rating on the stock.

Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $115.45.

Monsanto (NYSE: MON) traded down 0.19% on Thursday, hitting $98.72. Monsanto has a 1-year low of $76.89 and a 1-year high of $109.33. The stock’s 50-day moving average is currently $105.4. The company has a market cap of $52.701 billion and a price-to-earnings ratio of 21.09.

Monsanto (NYSE: MON) last announced its earnings results on Wednesday, April 3rd. The company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.15. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the company posted $2.28 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Monsanto has set its FY13 guidance at $4.40-4.50 EPS. On average, analysts predict that Monsanto will post $4.60 earnings per share for the current fiscal year.

Monsanto Company (NYSE: MON), along with its subsidiaries, is a provider of agricultural products for farmers.

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