Monsanto Company (MON) Shares Gap Up to $122.30
Shares of Monsanto Company (NYSE:MON) gapped up prior to trading 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.
Several brokerages have issued reports on MON. UBS AG downgraded shares of Monsanto from a “positive” rating to a “neutral” rating in a research report on Tuesday, June 27th. BidaskClub downgraded shares of Monsanto from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Zacks Investment Research downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Wells Fargo & Company increased their price objective on shares of Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a research report on Tuesday, October 10th. Finally, Piper Jaffray Companies set a $128.00 price target on shares of Monsanto and gave the stock a “buy” rating in a research report on Friday, August 11th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $124.61.
The stock has a 50-day moving average of $118.79 and a 200 day moving average of $117.33. The stock has a market cap of $53.80 billion, a PE ratio of 24.06 and a beta of 1.07.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.61. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.51 billion. Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 earnings per share. On average, equities analysts predict that Monsanto Company will post $5.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Thursday, October 5th. Monsanto’s dividend payout ratio is currently 42.27%.
In other Monsanto news, VP Duraiswami Narain sold 2,860 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.00, for a total value of $343,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Brett D. Begemann sold 22,640 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $120.03, for a total value of $2,717,479.20. Following the completion of the transaction, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The disclosure for this sale can be found here. In the last three months, insiders sold 37,026 shares of company stock worth $4,440,341. Insiders own 0.79% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Pinnacle Financial Partners Inc. acquired a new position in Monsanto in the second quarter worth $114,000. Bruderman Asset Management LLC acquired a new position in Monsanto in the second quarter worth $116,000. Tower Research Capital LLC TRC boosted its stake in 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 purchasing an additional 750 shares in the last quarter. Armbruster Capital Management Inc. boosted its stake in Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 125 shares in the last quarter. Finally, JNBA Financial Advisors boosted its stake in Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after purchasing an additional 45 shares in the last quarter. 74.77% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY NOTICE: This piece was reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://theolympiareport.com/2017/10/16/monsanto-company-mon-shares-gap-up-to-122-30.html.
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.
Receive News & Ratings for Monsanto Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto Company and related companies with Analyst Ratings Network's FREE daily email newsletter.