Monsanto (NYSE:MON) released its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01), Bloomberg Earnings reports. Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year.
Monsanto (NYSE:MON) traded up $0.16 during trading hours on Friday, hitting $119.70. The company had a trading volume of 2,200,986 shares, compared to its average volume of 3,090,000. Monsanto has a 12-month low of $106.74 and a 12-month high of $122.79. The stock has a market capitalization of $52,690.00, a PE ratio of 22.13, a P/E/G ratio of 1.71 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79.
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 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, January 4th. Monsanto’s dividend payout ratio is currently 39.93%.
In related news, VP Nicole M. Ringenberg sold 7,890 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $122.25, for a total transaction of $964,552.50. Following the completion of the transaction, the vice president now directly owns 38,600 shares of the company’s stock, valued at $4,718,850. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Pierre Courduroux sold 4,320 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The shares were 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 of the company’s stock, valued at $5,903,336. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,310 shares of company stock valued at $2,458,328. 0.79% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of the company. Bruderman Asset Management LLC purchased a new stake in shares of Monsanto in the second quarter worth approximately $116,000. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 750 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Monsanto in the third quarter worth approximately $148,000. Penserra Capital Management LLC raised its holdings in shares of Monsanto by 13.0% in the second quarter. Penserra Capital Management LLC now owns 1,456 shares of the basic materials company’s stock worth $172,000 after buying an additional 168 shares during the period. Finally, Fieldpoint Private Securities LLC raised its holdings 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 buying an additional 790 shares during the period. 75.34% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on MON. Barclays reissued an “equal weight” rating and issued a $124.00 target price (up from $120.00) on shares of Monsanto in a report on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price target on shares of Monsanto in a report on Thursday, October 5th. Macquarie downgraded Monsanto from an “outperform” rating to a “neutral” rating in a report on Wednesday, October 4th. Wells Fargo & Co upped their price target on Monsanto from $107.50 to $118.00 and gave the company a “market perform” rating in a report on Tuesday, October 10th. Finally, Jefferies Group reiterated a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research report on Friday, September 15th. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $126.40.
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Monsanto Company Profile
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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