Monsanto Company (NYSE:MON)‘s stock had its “hold” rating reiterated by analysts at Jefferies Group LLC in a research note issued to investors on Friday. They currently have a $128.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 8.23% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Friday, June 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price objective for the company in a research report on Wednesday, July 12th. Piper Jaffray Companies set a $128.00 price objective on Monsanto and gave the stock a “buy” rating in a research report on Friday, August 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price objective on shares of Monsanto in a research report on Friday, September 1st. Finally, Barclays PLC upped their price objective on Monsanto from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 29th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Monsanto currently has an average rating of “Hold” and an average price target of $124.09.

Shares of Monsanto (NYSE MON) traded up 0.57% during midday trading on Friday, reaching $118.27. The company had a trading volume of 2,233,896 shares. The company has a market capitalization of $51.96 billion, a P/E ratio of 25.54 and a beta of 1.07. Monsanto has a 52 week low of $97.35 and a 52 week high of $118.97. The company’s 50 day moving average price is $117.25 and its 200-day moving average price is $116.44.

Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.19. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the previous year, the firm posted $2.17 EPS. Monsanto’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts predict that Monsanto will post $4.89 earnings per share for the current fiscal year.

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In other Monsanto news, EVP Robert T. Fraley sold 52,410 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Mizell sold 11,300 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $118.57, for a total value of $1,339,841.00. Following the sale, the executive vice president now directly owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank raised its stake in Monsanto by 25.6% during the 1st quarter. Swiss National Bank now owns 1,676,066 shares of the basic materials company’s stock valued at $189,731,000 after acquiring an additional 341,400 shares during the last quarter. United Services Automobile Association raised its stake in Monsanto by 5.6% during the 1st quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after acquiring an additional 14,076 shares during the last quarter. Nikko Asset Management Americas Inc. raised its stake in Monsanto by 1.3% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock valued at $53,345,000 after acquiring an additional 5,700 shares during the last quarter. WFG Advisors LP raised its stake in Monsanto by 19.4% during the 1st quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock valued at $269,000 after acquiring an additional 387 shares during the last quarter. Finally, Bank of The Ozarks raised its stake in Monsanto by 14.2% during the 1st quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock valued at $1,035,000 after acquiring an additional 1,135 shares during the last quarter. 74.79% of the stock is owned by hedge funds and other institutional investors.

About Monsanto

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

Analyst Recommendations for Monsanto (NYSE:MON)

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