Monsanto Co. (MON) Director Charles S. Mcmillan Acquires 3,500 Shares
Monsanto Co. (NYSE:MON) Director Charles S. Mcmillan acquired 3,500 shares of the firm’s stock in a transaction on Monday, October 10th. The stock was purchased at an average cost of $103.23 per share, with a total value of $361,305.00. Following the purchase, the director now owns 64,009 shares of the company’s stock, valued at $6,607,649.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Monsanto Co. (NYSE:MON) traded down 0.98% on Wednesday, reaching $102.32. 1,601,222 shares of the company were exchanged. The stock has a market capitalization of $44.79 billion, a price-to-earnings ratio of 34.24 and a beta of 1.19. The stock has a 50-day moving average price of $104.66 and a 200 day moving average price of $101.70. Monsanto Co. has a 52 week low of $83.73 and a 52 week high of $114.26.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.09. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. The business had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period last year, the business earned ($0.19) EPS. The company’s revenue was up 8.8% on a year-over-year basis. Analysts forecast that Monsanto Co. will post $4.89 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.11%. Monsanto’s payout ratio is 71.05%.
MON has been the subject of several analyst reports. Argus reissued a “buy” rating and issued a $128.00 price objective (up previously from $111.00) on shares of Monsanto in a research note on Wednesday, June 15th. Goldman Sachs Group Inc. set a $92.00 price objective on shares of Monsanto and gave the stock a “sell” rating in a research note on Monday, June 27th. Vetr raised shares of Monsanto from a “buy” rating to a “strong-buy” rating and set a $116.55 price target for the company in a research note on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating on shares of Monsanto in a research note on Wednesday, June 29th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $118.00 price target on shares of Monsanto in a research note on Thursday, June 30th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $114.65.
Several large investors have recently made changes to their positions in the stock. Edmond DE Rothschild Holding S.A. raised its stake in shares of Monsanto by 3.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,850 shares of the company’s stock worth $426,000 after buying an additional 150 shares during the last quarter. Meeder Asset Management Inc. raised its stake in shares of Monsanto by 1,962.5% in the first quarter. Meeder Asset Management Inc. now owns 8,250 shares of the company’s stock worth $724,000 after buying an additional 7,850 shares during the last quarter. State Street Corp raised 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 worth $1,634,002,000 after buying an additional 173,201 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Monsanto by 6.8% in the first quarter. OMERS ADMINISTRATION Corp now owns 679,300 shares of the company’s stock worth $59,602,000 after buying an additional 43,100 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Monsanto by 1,769.4% in the first quarter. Canada Pension Plan Investment Board now owns 942,942 shares of the company’s stock worth $82,734,000 after buying an additional 892,500 shares during the period. Institutional investors and hedge funds own 79.02% of the company’s stock.
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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