Monsanto (NYSE:MON) – Jefferies Group increased their Q2 2018 earnings per share estimates for shares of Monsanto in a note issued to investors on Friday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander now anticipates that the basic materials company will earn $3.50 per share for the quarter, up from their prior estimate of $3.29. Jefferies Group also issued estimates for Monsanto’s FY2019 earnings at $7.00 EPS and FY2020 earnings at $7.30 EPS.
MON has been the topic of several other reports. Zacks Investment Research cut shares of Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. BMO Capital Markets restated a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research report on Thursday, October 5th. Barclays restated an “equal weight” rating and issued a $124.00 price objective (up from $120.00) on shares of Monsanto in a research report on Thursday, October 5th. Macquarie cut shares of Monsanto from an “outperform” rating to a “neutral” rating in a research report on Wednesday, October 4th. Finally, Deutsche Bank restated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Eleven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Monsanto has an average rating of “Hold” and a consensus target price of $127.30.
Monsanto (MON) opened at $121.80 on Monday. 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 has a market cap of $53,700.00, a P/E ratio of 22.51, a P/E/G ratio of 1.74 and a beta of 1.04. Monsanto has a 52-week low of $106.97 and a 52-week high of $123.15.
Monsanto (NYSE:MON) last announced 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). The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 earnings per share.
Hedge funds and other institutional investors have recently modified their holdings of the business. Bruderman Asset Management LLC bought a new position in Monsanto during the second quarter valued at approximately $116,000. Tower Research Capital LLC TRC boosted its stake in shares of Monsanto by 230.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 750 shares during the period. Americafirst Capital Management LLC purchased a new stake in shares of Monsanto during the third quarter valued at approximately $148,000. Fieldpoint Private Securities LLC boosted its stake in shares of Monsanto by 100.6% during the second quarter. Fieldpoint Private Securities LLC now owns 1,575 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 790 shares during the period. Finally, Loews Corp purchased a new stake in shares of Monsanto during the second quarter valued at approximately $202,000. Institutional investors and hedge funds own 75.43% of the company’s stock.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the transaction, the executive vice president now directly owns 56,743 shares in the company, valued at $6,772,277.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.77%. Monsanto’s payout ratio is currently 39.93%.
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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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