Monsanto Company (NYSE:MON)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a report released 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 current price.

A number of other research analysts have also weighed in on the company. Zacks Investment Research upgraded Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a report on Thursday. BMO Capital Markets restated a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a report on Friday, September 1st. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. UBS AG lowered Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 price target on the stock. in a report on Friday, August 18th. Finally, Piper Jaffray Companies set a $128.00 price target on Monsanto and gave the stock a “buy” rating in a report on Friday, August 11th. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $124.09.

Shares of Monsanto (NYSE:MON) opened at 118.27 on Friday. Monsanto has a 1-year low of $97.35 and a 1-year high of $118.97. The stock has a market cap of $51.96 billion, a P/E ratio of 25.54 and a beta of 1.07. The company’s 50-day moving average is $117.25 and its 200-day moving average is $116.44.

Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.19. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.17 EPS. Equities analysts expect that Monsanto will post $4.89 EPS for the current fiscal year.

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In other news, EVP Robert T. Fraley sold 52,410 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The sale 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 business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the transaction, 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. Insiders own 0.79% of the company’s stock.

Several institutional investors have recently made changes to their positions in MON. Great West Life Assurance Co. Can grew its position in shares of Monsanto by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 455,325 shares of the basic materials company’s stock worth $51,552,000 after buying an additional 1,310 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Monsanto by 124.0% during the first quarter. Sequoia Financial Advisors LLC now owns 29,246 shares of the basic materials company’s stock worth $3,311,000 after buying an additional 16,188 shares in the last quarter. OLD National Bancorp IN grew its position in shares of Monsanto by 5.3% during the first quarter. OLD National Bancorp IN now owns 5,464 shares of the basic materials company’s stock worth $619,000 after buying an additional 277 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of Monsanto during the first quarter worth about $2,830,000. Finally, State Treasurer State of Michigan grew its position in shares of Monsanto by 166.0% during the first quarter. State Treasurer State of Michigan now owns 381,063 shares of the basic materials company’s stock worth $43,136,000 after buying an additional 237,800 shares in the last quarter. 74.79% of the stock is owned by institutional investors and hedge funds.

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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