Barclays PLC Reiterates Equal Weight Rating for Monsanto Company (MON)
Monsanto Company (NYSE:MON)‘s stock had its “equal weight” rating reiterated by Barclays PLC in a research note issued to investors on Thursday. They presently have a $124.00 price target on the basic materials company’s stock, up from their previous price target of $120.00. Barclays PLC’s target price would indicate a potential upside of 3.57% from the stock’s previous close.
MON has been the subject of a number of other reports. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a report on Tuesday, September 5th. BMO Capital Markets restated a “buy” rating and issued a $128.00 target price on shares of Monsanto in a research note on Friday, September 1st. BidaskClub upgraded Monsanto from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 target price (up from $120.00) on shares of Monsanto in a research note on Thursday, June 29th. Finally, Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 target price for the company in a research note on Wednesday, July 12th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $125.45.
Monsanto (NYSE:MON) opened at 119.73 on Thursday. Monsanto has a 1-year low of $97.35 and a 1-year high of $120.50. The firm has a 50-day moving average price of $118.25 and a 200-day moving average price of $117.04. The firm has a market capitalization of $52.62 billion, a PE ratio of 23.53 and a beta of 1.07. Monsanto also was the recipient of unusually large options trading on Wednesday. Stock investors acquired 63,484 put options on the company. This represents an increase of 1,793% compared to the typical volume of 3,354 put options.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.61. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the business posted $0.07 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Equities analysts expect that Monsanto will post $5.65 earnings per share for the current fiscal year.
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In other Monsanto news, COO Brett D. Begemann sold 22,640 shares of Monsanto stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the completion of the transaction, the chief operating officer now owns 85,439 shares in the company, valued at approximately $10,255,243.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Duraiswami Narain sold 2,860 shares of Monsanto stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.00, for a total value of $343,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 77,910 shares of company stock valued at $9,242,439 in the last quarter. Company insiders own 0.79% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Yorkville Capital Management LLC boosted its stake in Monsanto by 2.7% during the 2nd quarter. Yorkville Capital Management LLC now owns 18,800 shares of the basic materials company’s stock valued at $2,225,000 after purchasing an additional 500 shares during the last quarter. Paulson & CO. Inc. boosted its stake in Monsanto by 348.5% during the 2nd quarter. Paulson & CO. Inc. now owns 159,200 shares of the basic materials company’s stock valued at $18,843,000 after purchasing an additional 123,700 shares during the last quarter. Intl Fcstone Inc. acquired a new position in Monsanto during the 2nd quarter valued at about $794,000. Paradigm Financial Advisors LLC boosted its stake in Monsanto by 44.7% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 17,316 shares of the basic materials company’s stock valued at $2,050,000 after purchasing an additional 5,351 shares during the last quarter. Finally, Ashburton Jersey Ltd boosted its stake in Monsanto by 20.4% during the 2nd quarter. Ashburton Jersey Ltd now owns 21,642 shares of the basic materials company’s stock valued at $2,562,000 after purchasing an additional 3,660 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
Monsanto Company Profile
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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