Monsanto Co. (MON) Rating Increased to Mixed at OTR Global
Monsanto Co. (NYSE:MON) was upgraded by research analysts at OTR Global from a “negative” rating to a “mixed” rating in a note issued to investors on Friday.
MON has been the topic of a number of other reports. S&P Equity Research restated a “positive” rating on shares of Monsanto in a report on Thursday, September 15th. Monness Crespi & Hardt reduced their target price on shares of Monsanto from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, October 3rd. Vetr upgraded shares of Monsanto from a “buy” rating to a “strong-buy” rating and set a $117.09 target price on the stock in a report on Wednesday, August 3rd. TheStreet downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Finally, Deutsche Bank AG boosted their target price on shares of Monsanto from $118.00 to $128.00 and gave the stock a “buy” rating in a report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Monsanto currently has an average rating of “Buy” and an average price target of $114.65.
Monsanto (NYSE:MON) opened at 101.32 on Friday. Monsanto has a 1-year low of $83.73 and a 1-year high of $114.26. The company has a market capitalization of $44.38 billion, a P/E ratio of 33.91 and a beta of 1.01. The company has a 50-day moving average of $101.11 and a 200-day moving average of $103.79.
Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. Monsanto’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. Equities analysts expect that Monsanto will post $4.73 EPS for the current fiscal year.
In other Monsanto news, EVP Kerry J. Preete sold 2,745 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $100.96, for a total transaction of $277,135.20. Following the transaction, the executive vice president now owns 50,056 shares in the company, valued at approximately $5,053,653.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles S. Mcmillan purchased 3,500 shares of the business’s stock in a transaction on Monday, October 10th. The shares were bought at an average price of $103.23 per share, for a total transaction of $361,305.00. Following the purchase, the director now directly owns 64,009 shares in the company, valued at approximately $6,607,649.07. The disclosure for this purchase can be found here. Company insiders own 0.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MON. WFG Advisors LP increased its stake in Monsanto by 18.6% in the second quarter. WFG Advisors LP now owns 1,009 shares of the company’s stock valued at $104,000 after buying an additional 158 shares during the period. Signaturefd LLC increased its stake in Monsanto by 62.1% in the second quarter. Signaturefd LLC now owns 1,083 shares of the company’s stock valued at $112,000 after buying an additional 415 shares during the period. Mycio Wealth Partners LLC increased its stake in Monsanto by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,094 shares of the company’s stock valued at $113,000 after buying an additional 12 shares during the period. Pinkerton Retirement Specialists LLC increased its stake in Monsanto by 1,179.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,100 shares of the company’s stock valued at $114,000 after buying an additional 1,014 shares during the period. Finally, Enterprise Financial Services Corp increased its stake in Monsanto by 4.5% in the second quarter. Enterprise Financial Services Corp now owns 1,335 shares of the company’s stock valued at $138,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 78.26% 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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