Monsanto Company (MON) Declares Quarterly Dividend of $0.54
Monsanto Company (NYSE:MON) announced a quarterly dividend on Monday, December 4th, RTT News reports. Investors of record on Friday, January 5th will be given a dividend of 0.54 per share by the basic materials company on Friday, January 26th. This represents a $2.16 dividend on an annualized basis and a yield of 1.82%.
Monsanto has raised its dividend by an average of 11.6% per year over the last three years and has increased its dividend every year for the last 7 years. Monsanto has a payout ratio of 37.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Monsanto to earn $6.35 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 34.0%.
Monsanto (NYSE MON) traded up $0.59 during midday trading on Monday, reaching $118.93. The company had a trading volume of 3,812,500 shares, compared to its average volume of 1,961,335. The stock has a market cap of $52,352.99, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.71 and a beta of 1.04. Monsanto has a twelve month low of $103.08 and a twelve month high of $122.79. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.35 and a quick ratio of 0.83.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.61. The business had revenue of $2.69 billion during 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%. Monsanto’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.07 EPS. research analysts anticipate that Monsanto will post 5.74 EPS for the current fiscal year.
In other news, VP Duraiswami Narain sold 2,860 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of the 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 transaction, the chief financial officer now owns 48,388 shares of the company’s stock, valued at approximately $5,903,336. The disclosure for this sale can be found here. Insiders have sold a total of 49,236 shares of company stock valued at $5,931,934 in the last quarter. 0.79% of the stock is owned by corporate insiders.
A number of equities research analysts recently commented on MON shares. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research report on Friday, September 1st. BidaskClub raised Monsanto from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Barclays restated an “equal weight” rating and issued a $124.00 price objective (up previously from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. Finally, Macquarie downgraded Monsanto from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Eleven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $124.61.
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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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