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Shares of Monsanto Company (NYSE:MON) traded up 5.1% during trading on Wednesday following a better than expected earnings announcement, AR Network reports. The stock traded as high as $128.79 and last traded at $126.84, with a volume of 8,186,542 shares trading hands. The stock had previously closed at $120.63.

The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Tuesday, July 1st.

MON has been the subject of a number of recent research reports. Analysts at Piper Jaffray raised their price target on shares of Monsanto Company from $135.00 to $140.00 in a research note on Monday, May 19th. They now have an “overweight” rating on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Monsanto Company in a research note on Friday, May 2nd. They set an “outperform” rating and a $130.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Monsanto Company in a research note on Wednesday, April 23rd. They now have a $128.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $128.42.

The stock’s 50-day moving average is $119.2 and its 200-day moving average is $113.. The company has a market cap of $66.601 billion and a price-to-earnings ratio of 23.92. Monsanto Company also was the target of some unusual options trading activity on Monday. Stock investors purchased 10,543 call options on the company. This represents an increase of approximately 331% compared to the average volume of 2,448 call options.

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

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