Monsanto Company (MON) Shares Gap Up to $122.30
Monsanto Company (NYSE:MON)’s share price gapped up before the market opened on Monday . The stock had previously closed at $121.94, but opened at $122.30. Monsanto shares last traded at $122.31, with a volume of 1,175,181 shares changing hands.
MON has been the subject of a number of analyst reports. UBS AG lowered Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $128.00 price target (up from $125.00) on shares of Monsanto in a research report on Tuesday, June 27th. Vetr upgraded Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a research report on Tuesday, June 27th. Royal Bank Of Canada restated a “sector perform” rating and issued a $128.00 price target (up from $120.00) on shares of Monsanto in a research report on Thursday, June 29th. Finally, Barclays PLC upped their price target on Monsanto from $115.00 to $120.00 and gave the company an “equal weight” rating in a research report on Thursday, June 29th. Eleven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $124.61.
The company has a market cap of $53.68 billion, a price-to-earnings ratio of 24.00 and a beta of 1.07. The stock’s 50 day moving average is $118.79 and its 200 day moving average is $117.33.
Monsanto (NYSE:MON) last announced 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. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The firm had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company earned $0.07 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts anticipate that Monsanto Company will post $5.70 EPS for the current 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 given a dividend of $0.54 per share. 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 dividend payout ratio (DPR) is 42.27%.
In related news, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the completion of the sale, the chief operating officer now directly owns 85,439 shares of the company’s stock, valued at approximately $10,255,243.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Duraiswami Narain sold 2,860 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.00, for a total transaction of $343,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,026 shares of company stock valued at $4,440,341. 0.79% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the stock. Yorkville Capital Management LLC boosted its position 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 worth $2,225,000 after purchasing an additional 500 shares during the period. Paulson & CO. Inc. boosted its position in Monsanto by 348.5% during the 2nd quarter. Paulson & CO. Inc. now owns 159,200 shares of the basic materials company’s stock worth $18,843,000 after purchasing an additional 123,700 shares during the period. Intl Fcstone Inc. purchased a new stake in Monsanto during the 2nd quarter worth $794,000. Paradigm Financial Advisors LLC boosted its position 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 worth $2,050,000 after purchasing an additional 5,351 shares during the period. Finally, Ashburton Jersey Ltd boosted its position in Monsanto by 20.4% during the 2nd quarter. Ashburton Jersey Ltd now owns 21,642 shares of the basic materials company’s stock worth $2,562,000 after purchasing an additional 3,660 shares during the period. 74.77% of the stock is owned by hedge funds and other 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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