Monsanto VP Steven Mizell Unloads 11,370 Shares (MON)
Monsanto (NYSE:MON) VP Steven Mizell unloaded 11,370 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $104.50, for a total transaction of $1,188,165.00. Following the completion of the sale, the vice president now directly owns 28,796 shares of the company’s stock, valued at approximately $3,009,182. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Monsanto (NYSE:MON) traded up 0.33% during mid-day trading on Wednesday, hitting $103.55. 3,452,986 shares of the company’s stock traded hands. Monsanto has a 52 week low of $82.70 and a 52 week high of $109.33. The stock’s 50-day moving average is $102.2 and its 200-day moving average is $102.7. The company has a market cap of $55.037 billion and a P/E ratio of 22.44.
Monsanto (NYSE:MON) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by $0.04. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company posted ($0.44) earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts predict that Monsanto will post $5.28 earnings per share for the current fiscal year.
A number of research firms have recently commented on MON. Analysts at Zacks reiterated a “neutral” rating on shares of Monsanto in a research note to investors on Tuesday. They now have a $110.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Monsanto from $121.00 to $124.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Monsanto from $116.00 to $120.00 in a research note to investors on Thursday, October 3rd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $110.64.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
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