Deutsche Bank Reaffirms “Buy” Rating for Monsanto (MON)
Other analysts also recently issued research reports about the company. Royal Bank of Canada reiterated a hold rating and issued a $128.00 price objective on shares of Monsanto in a research report on Wednesday, November 15th. Wells Fargo & Co boosted their price objective on Monsanto from $107.50 to $118.00 and gave the company a market perform rating in a research report on Tuesday, October 10th. Macquarie downgraded Monsanto from an outperform rating to a neutral rating in a research report on Wednesday, October 4th. Barclays reiterated an equal weight rating and issued a $124.00 price objective (up previously from $120.00) on shares of Monsanto in a research report on Thursday, October 5th. Finally, BMO Capital Markets reiterated a buy rating and issued a $128.00 price objective on shares of Monsanto in a research report on Thursday, October 5th. Eleven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $127.30.
Shares of Monsanto (NYSE:MON) traded up $0.02 during mid-day trading on Tuesday, reaching $119.72. The company’s stock had a trading volume of 4,182,100 shares, compared to its average volume of 3,713,240. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05. Monsanto has a 12-month low of $106.97 and a 12-month high of $122.79. The company has a market capitalization of $52,300.00, a P/E ratio of 22.13, a P/E/G ratio of 1.71 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be issued a dividend of $0.54 per share. The ex-dividend date is Thursday, January 4th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.80%. Monsanto’s dividend payout ratio is presently 39.93%.
In related news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the sale, the executive vice president now directly owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Pierre Courduroux sold 4,320 shares of the company’s stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the sale, the chief financial officer now directly owns 48,388 shares in the company, valued at $5,903,336. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the stock. Bruderman Asset Management LLC purchased a new stake in Monsanto in the second quarter worth $116,000. Tower Research Capital LLC TRC grew its stake in shares of Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after acquiring an additional 750 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Monsanto in the third quarter worth $148,000. Fieldpoint Private Securities LLC grew its stake in shares of Monsanto by 100.6% in the second quarter. Fieldpoint Private Securities LLC now owns 1,575 shares of the basic materials company’s stock worth $186,000 after acquiring an additional 790 shares during the last quarter. Finally, Loews Corp purchased a new stake in shares of Monsanto in the second quarter worth $202,000. 75.37% of the stock is currently owned by institutional investors.
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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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