Insider Selling: Monsanto CEO Sells 44,179 Shares of Stock (MON)
Monsanto (NYSE:MON) CEO Hugh Grant unloaded 44,179 shares of Monsanto stock in a transaction that occurred on Friday, January 17th. The shares were sold at an average price of $112.69, for a total transaction of $4,978,531.51. Following the transaction, the chief executive officer now directly owns 348,715 shares in the company, valued at approximately $39,296,693. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
MON has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Monsanto in a research note to investors on Wednesday, January 15th. They now have a $118.00 price target on the stock. Separately, analysts at Monness Crespi & Hardt raised their price target on shares of Monsanto from $119.00 to $131.00 in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Monsanto in a research note to investors on Thursday, January 9th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Monsanto presently has a consensus rating of “Hold” and a consensus price target of $121.56.
Shares of Monsanto (NYSE:MON) traded up 0.34% during mid-day trading on Tuesday, hitting $113.50. 2,997,500 shares of the company’s stock traded hands. Monsanto has a 1-year low of $94.00 and a 1-year high of $117.50. The stock has a 50-day moving average of $113.2 and a 200-day moving average of $105.6. The company has a market cap of $59.573 billion and a price-to-earnings ratio of 24.27.
Monsanto (NYSE:MON) last released its earnings data on Wednesday, January 8th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.08 billion. During the same quarter last year, the company posted $0.62 earnings per share. Monsanto’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that Monsanto will post $5.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Friday, January 10th will be given a dividend of 0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, January 8th.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
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