Monsanto Company (MON) CFO Pierre Courduroux Sells 4,320 Shares
Monsanto Company (NYSE:MON) CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the transaction, the chief financial officer now directly owns 48,388 shares in the company, valued at approximately $5,903,336. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Monsanto Company (NYSE:MON) traded down 0.12% during mid-day trading on Monday, reaching $122.00. The company had a trading volume of 1,309,560 shares. Monsanto Company has a 52 week low of $97.35 and a 52 week high of $122.79. The stock has a 50 day moving average of $119.50 and a 200-day moving average of $117.58. The company has a market capitalization of $53.62 billion, a price-to-earnings ratio of 23.97 and a beta of 1.07.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.61. The company had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Monsanto had a return on equity of 1.24% and a net margin of 0.93%. Monsanto’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS. On average, analysts expect that Monsanto Company will post $5.70 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a $0.54 dividend. The ex-dividend date is Thursday, October 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.77%. Monsanto’s payout ratio is 42.27%.
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A number of research analysts have weighed in on the company. Wells Fargo & Company increased their target price on Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Barclays PLC reaffirmed an “equal weight” rating and issued a $124.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Thursday, October 5th. Macquarie downgraded Monsanto from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Friday, September 15th. Eleven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Monsanto currently has an average rating of “Hold” and a consensus price target of $124.61.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Financial Partners Inc. acquired a new position in Monsanto in the 2nd quarter worth about $114,000. Bruderman Asset Management LLC acquired a new position in Monsanto in the 2nd quarter worth about $116,000. Tower Research Capital LLC TRC raised its holdings in Monsanto by 230.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after purchasing an additional 750 shares during the period. JNBA Financial Advisors raised its holdings in Monsanto by 3.9% in the 1st quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 45 shares during the period. Finally, Armbruster Capital Management Inc. raised its holdings in Monsanto by 12.2% in the 2nd quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 125 shares during the period. 74.77% of the stock is 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 digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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