Monsanto Co. (MON) Issues FY17 Earnings Guidance
Monsanto Co. (NYSE:MON) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.50-4.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.72.
Monsanto Co. (NYSE:MON) opened at 102.71 on Thursday. The company has a market cap of $44.99 billion, a PE ratio of 34.37 and a beta of 1.01. Monsanto Co. has a 52 week low of $83.73 and a 52 week high of $114.26. The stock has a 50 day moving average of $100.96 and a 200 day moving average of $104.20.
Monsanto (NYSE:MON) last announced its earnings results on Wednesday, October 5th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.09. The business earned $2.56 billion during 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%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.19) earnings per share. Equities research analysts predict that Monsanto Co. will post $4.73 EPS for the current fiscal year.
A number of brokerages have commented on MON. S&P Equity Research reiterated 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 for the company 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 for the company 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 upped their price objective on shares of Monsanto from $118.00 to $128.00 and gave the company a buy rating in a report on Thursday, September 15th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $114.06.
In other Monsanto news, EVP Steven Mizell sold 310 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kerry J. Preete sold 2,745 shares of the firm’s stock in a transaction on Thursday, November 17th. The shares were sold at an average price of $100.96, for a total value of $277,135.20. Following the completion of the transaction, the executive vice president now owns 50,056 shares in the company, valued at approximately $5,053,653.76. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by corporate insiders.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Monsanto by 41.3% in the second quarter. FMR LLC now owns 16,593,757 shares of the company’s stock worth $1,715,960,000 after buying an additional 4,851,499 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Monsanto by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,893,956 shares of the company’s stock worth $1,540,185,000 after buying an additional 38,316 shares during the last quarter. Capital International Investors raised its position in shares of Monsanto by 6.2% in the second quarter. Capital International Investors now owns 8,187,701 shares of the company’s stock worth $846,690,000 after buying an additional 476,848 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Monsanto by 50.4% in the second quarter. TIAA CREF Investment Management LLC now owns 4,658,464 shares of the company’s stock worth $481,732,000 after buying an additional 1,560,646 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Monsanto by 5.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,023,050 shares of the company’s stock worth $206,756,000 after buying an additional 106,085 shares during the last quarter. Institutional investors own 73.94% 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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