Monsanto Company (MON) Given Average Recommendation of “Hold” by Analysts

Monsanto Company (NYSE:MON) has been assigned an average rating of “Hold” from the twenty-one brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $122.62.

A number of analysts have weighed in on the stock. BidaskClub raised shares of Monsanto from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 1st. Vetr raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective on the stock in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price objective on the stock in a research note on Tuesday, August 29th. Finally, Barclays PLC boosted their price objective on shares of Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 29th.

Shares of Monsanto (NYSE:MON) opened at 117.44 on Wednesday. Monsanto has a 52-week low of $97.35 and a 52-week high of $118.97. The company has a market capitalization of $51.59 billion, a price-to-earnings ratio of 25.37 and a beta of 1.07. The company’s 50-day moving average price is $117.21 and its 200-day moving average price is $116.36.

Monsanto (NYSE:MON) last posted its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.19. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. The company’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.17 earnings per share. Equities research analysts forecast that Monsanto will post $4.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s payout ratio is currently 46.75%.

In related news, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $117.95, for a total transaction of $6,181,759.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total transaction of $1,339,841.00. Following the sale, the executive vice president now owns 55,011 shares in the company, valued at $6,522,654.27. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swiss National Bank lifted its stake in Monsanto by 25.6% in the 1st quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock worth $189,731,000 after purchasing an additional 341,400 shares in the last quarter. United Services Automobile Association lifted its stake in Monsanto by 5.6% in the 1st quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock worth $30,041,000 after purchasing an additional 14,076 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its stake in Monsanto by 1.3% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock worth $53,345,000 after purchasing an additional 5,700 shares in the last quarter. WFG Advisors LP lifted its stake in Monsanto by 19.4% in the 1st quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 387 shares in the last quarter. Finally, Bank of The Ozarks lifted its stake in Monsanto by 14.2% in the 1st quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 1,135 shares in the last quarter. Institutional investors and hedge funds own 74.79% of the company’s stock.

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About Monsanto

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.

Analyst Recommendations for Monsanto (NYSE:MON)

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