Monsanto (MON) Earns Market Perform Rating from Wells Fargo & Co

Wells Fargo & Co reissued their market perform rating on shares of Monsanto (NYSE:MON) in a report issued on Wednesday morning, The Fly reports. Wells Fargo & Co currently has a $128.00 price target on the basic materials company’s stock, up from their prior price target of $118.00.

MON has been the topic of several other reports. Royal Bank of Canada restated a hold rating and issued a $128.00 price target on shares of Monsanto in a research report on Wednesday, November 15th. Deutsche Bank restated a buy rating on shares of Monsanto in a research report on Tuesday. Macquarie lowered shares of Monsanto from an outperform rating to a neutral rating in a research report on Wednesday, October 4th. Barclays restated an equal weight rating and issued a $124.00 price target (up from $120.00) on shares of Monsanto in a research report on Thursday, October 5th. Finally, BMO Capital Markets restated a buy rating and issued a $128.00 price target on shares of Monsanto in a research report on Thursday, October 5th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $127.30.

Monsanto (NYSE:MON) traded up $1.80 during mid-day trading on Wednesday, hitting $120.66. 6,983,227 shares of the stock were exchanged, compared to its average volume of 3,070,000. Monsanto has a 52 week low of $106.97 and a 52 week high of $122.79. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. The firm has a market cap of $53,110.00, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.04.

Monsanto (NYSE:MON) last posted its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the business posted $0.21 earnings per share. Monsanto’s revenue was up .3% on a year-over-year basis. equities research analysts expect that Monsanto will post 5.76 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be given a $0.54 dividend. The ex-dividend date is Thursday, January 4th. This represents a $2.16 annualized dividend and a yield of 1.79%. Monsanto’s dividend payout ratio is 39.93%.

In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the firm’s stock in a transaction on Tuesday, January 9th. The shares were 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 in the company, valued at approximately $6,772,277.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Monsanto by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 30,725,725 shares of the basic materials company’s stock valued at $3,636,697,000 after purchasing an additional 784,418 shares during the period. BlackRock Inc. grew its holdings in Monsanto by 6.5% during the 2nd quarter. BlackRock Inc. now owns 27,898,255 shares of the basic materials company’s stock valued at $3,302,038,000 after buying an additional 1,705,439 shares in the last quarter. State Street Corp grew its holdings in Monsanto by 0.6% during the 2nd quarter. State Street Corp now owns 20,276,780 shares of the basic materials company’s stock valued at $2,399,965,000 after buying an additional 122,814 shares in the last quarter. Capital International Investors grew its holdings in Monsanto by 10.3% during the 3rd quarter. Capital International Investors now owns 9,344,430 shares of the basic materials company’s stock valued at $1,119,650,000 after buying an additional 872,377 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Monsanto by 0.7% during the 2nd quarter. Northern Trust Corp now owns 7,092,929 shares of the basic materials company’s stock valued at $839,519,000 after buying an additional 47,725 shares in the last quarter. 75.37% of the stock is owned by institutional investors.

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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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