Steven Mizell Sells 310 Shares of Monsanto Co. (MON) Stock
Monsanto Co. (NYSE:MON) EVP Steven Mizell sold 310 shares of the business’s stock in a transaction on Monday, October 10th. The stock was sold at an average price of $103.09, for a total value of $31,957.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Monsanto Co. (NYSE:MON) traded down 0.98% during midday trading on Wednesday, hitting $102.32. The company had a trading volume of 1,601,222 shares. The stock has a market cap of $44.79 billion, a PE ratio of 34.24 and a beta of 1.19. The stock’s 50-day moving average price is $104.66 and its 200-day moving average price is $101.70. Monsanto Co. has a 52-week low of $83.73 and a 52-week high of $114.26.
Monsanto (NYSE:MON) last issued its earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.09. The firm earned $2.56 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.19) earnings per share. On average, equities research analysts expect that Monsanto Co. will post $4.89 EPS for the current fiscal year.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/steven-mizell-sells-310-shares-of-monsanto-co-mon-stock.html
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, October 5th. Monsanto’s payout ratio is 71.05%.
Several brokerages recently issued reports on MON. S&P Equity Research reaffirmed a “positive” rating on shares of Monsanto in a research report on Thursday, September 15th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Monsanto in a research report on Thursday, June 30th. Monness Crespi & Hardt reduced their target price on Monsanto from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, October 3rd. Zacks Investment Research lowered Monsanto from a “hold” rating to a “sell” rating in a research report on Friday, July 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $128.00 target price on shares of Monsanto in a research report on Saturday. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Monsanto currently has a consensus rating of “Buy” and a consensus price target of $114.65.
A number of hedge funds have recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of Monsanto by 18.6% in the second quarter. WFG Advisors LP now owns 1,009 shares of the company’s stock worth $104,000 after buying an additional 158 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Monsanto by 62.1% in the second quarter. Signaturefd LLC now owns 1,083 shares of the company’s stock worth $112,000 after buying an additional 415 shares during the last quarter. Mycio Wealth Partners LLC boosted its stake in shares of Monsanto by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,094 shares of the company’s stock worth $113,000 after buying an additional 12 shares during the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in shares of Monsanto by 1,179.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,100 shares of the company’s stock worth $114,000 after buying an additional 1,014 shares during the last quarter. Finally, Carnick & Kubik LLC acquired a new stake in shares of Monsanto during the first quarter worth $130,000. Hedge funds and other institutional investors own 79.02% of the company’s stock.
Monsanto Company Profile
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.
Receive News & Ratings for Monsanto Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Co. and related companies with MarketBeat.com's FREE daily email newsletter.