Monsanto Co. (MON) Stock Rating Upgraded by JPMorgan Chase & Co.
Monsanto Co. (NYSE:MON) was upgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday.
A number of other research analysts have also weighed in on MON. TheStreet raised Monsanto to a “buy” rating in a report on Thursday, May 26th. Deutsche Bank AG reaffirmed a “buy” rating and set a $100.00 target price on shares of Monsanto in a report on Wednesday, June 1st. Vetr lowered Monsanto from a “strong-buy” rating to a “buy” rating and set a $117.33 target price for the company. in a report on Monday, May 30th. Sanford C. Bernstein reaffirmed a “sell” rating on shares of Monsanto in a report on Sunday, May 29th. Finally, S&P Equity Research reaffirmed a “positive” rating on shares of Monsanto in a report on Thursday, September 15th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $111.12.
Monsanto (NYSE:MON) opened at 102.88 on Wednesday. Monsanto has a 1-year low of $81.22 and a 1-year high of $114.26. The firm has a market cap of $45.02 billion, a P/E ratio of 45.28 and a beta of 1.24. The stock has a 50 day moving average price of $105.86 and a 200 day moving average price of $100.40.
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Monsanto (NYSE:MON) last posted its earnings results on Wednesday, June 29th. The company reported $2.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.23. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Monsanto had a net margin of 7.76% and a return on equity of 37.98%. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.39 EPS. On average, analysts anticipate that Monsanto will post $4.46 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be paid a dividend of $0.54 per share. The ex-dividend date is Wednesday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 2.10%. Monsanto’s dividend payout ratio (DPR) is presently 89.26%.
In other news, COO Brett D. Begemann sold 27,980 shares of the business’s stock in a transaction that occurred on Thursday, July 14th. The stock was sold at an average price of $103.62, for a total transaction of $2,899,287.60. Following the transaction, the chief operating officer now directly owns 102,480 shares of the company’s stock, valued at $10,618,977.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael K. Stern sold 12,797 shares of the company’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $101.77, for a total value of $1,302,350.69. Following the completion of the sale, the chief executive officer now directly owns 21,583 shares in the company, valued at $2,196,501.91. The disclosure for this sale can be found here. Insiders own 0.88% of the company’s stock.
A number of large investors have recently modified their holdings of MON. Vanguard Group Inc. boosted its stake in shares of Monsanto by 1.3% in the second quarter. Vanguard Group Inc. now owns 30,430,570 shares of the company’s stock valued at $3,146,826,000 after buying an additional 389,914 shares during the last quarter. State Street Corp boosted its stake in shares of Monsanto by 0.9% in the first quarter. State Street Corp now owns 18,623,044 shares of the company’s stock valued at $1,634,002,000 after buying an additional 173,201 shares during the last quarter. FMR LLC boosted its stake in shares of Monsanto by 41.3% in the second quarter. FMR LLC now owns 16,593,757 shares of the company’s stock valued at $1,715,960,000 after buying an additional 4,851,499 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Monsanto by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,893,956 shares of the company’s stock valued at $1,540,185,000 after buying an additional 38,316 shares during the last quarter. Finally, Capital International Investors boosted its stake in shares of Monsanto by 6.2% in the second quarter. Capital International Investors now owns 8,187,701 shares of the company’s stock valued at $846,690,000 after buying an additional 476,848 shares during the last quarter. 79.06% of the stock is currently owned by institutional investors.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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