Monsanto Company (MON) Given Buy Rating at BMO Capital Markets

BMO Capital Markets reiterated their buy rating on shares of Monsanto Company (NYSE:MON) in a report issued on Thursday morning. BMO Capital Markets currently has a $128.00 price objective on the basic materials company’s stock.

Several other analysts have also recently commented on MON. UBS AG cut shares of Monsanto from a positive rating to a neutral rating in a research note on Tuesday, June 27th. Macquarie cut shares of Monsanto from an outperform rating to a neutral rating in a research note on Wednesday, October 4th. Royal Bank Of Canada reiterated a hold rating and issued a $128.00 price target on shares of Monsanto in a research note on Wednesday, August 2nd. Jefferies Group LLC cut shares of Monsanto from a buy rating to a hold rating and set a $128.00 price target on the stock. in a research note on Wednesday, July 12th. Finally, Barclays PLC boosted their price target on shares of Monsanto from $115.00 to $120.00 and gave the stock an equal weight rating in a research note on Thursday, June 29th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $125.45.

Shares of Monsanto (MON) opened at 119.73 on Thursday. The firm’s 50-day moving average price is $118.25 and its 200-day moving average price is $117.04. The stock has a market cap of $52.62 billion, a P/E ratio of 23.53 and a beta of 1.07. Monsanto has a 52-week low of $97.35 and a 52-week high of $120.50.

Monsanto (NYSE:MON) last announced its quarterly earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.41) by $0.61. The business had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 EPS. Equities analysts predict that Monsanto will post $5.65 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Friday, October 6th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Thursday, October 5th. Monsanto’s dividend payout ratio is 42.27%.

In other news, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 85,439 shares in the company, valued at approximately $10,255,243.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Duraiswami Narain sold 2,860 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were 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. 0.79% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. United Services Automobile Association raised its position in shares of Monsanto by 5.6% during the 1st quarter. United Services Automobile Association now owns 265,378 shares of the basic materials company’s stock valued at $30,041,000 after buying an additional 14,076 shares in the last quarter. Nikko Asset Management Americas Inc. raised its position in Monsanto by 1.3% in the 2nd quarter. Nikko Asset Management Americas Inc. now owns 450,700 shares of the basic materials company’s stock worth $53,345,000 after purchasing an additional 5,700 shares during the period. Aviva PLC raised its position in Monsanto by 1.2% in the 2nd quarter. Aviva PLC now owns 304,501 shares of the basic materials company’s stock worth $36,052,000 after purchasing an additional 3,569 shares during the period. WFG Advisors LP raised its position in Monsanto by 19.4% in the 1st quarter. WFG Advisors LP now owns 2,377 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 387 shares during the period. Finally, Bank of The Ozarks raised its position in Monsanto by 14.2% in the 1st quarter. Bank of The Ozarks now owns 9,150 shares of the basic materials company’s stock worth $1,035,000 after purchasing an additional 1,135 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

About Monsanto

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.

Analyst Recommendations for Monsanto (NYSE:MON)

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