Trading Report: The Monsanto Co. (MON) Director Charles S. Mcmillan Acquires 3,500 Shares

The Monsanto Co. (MON) Director Charles S. Mcmillan Acquires 3,500 Shares

Monsanto Co. (NYSE:MON) Director Charles S. Mcmillan acquired 3,500 shares of the stock in a transaction dated Monday, October 10th. The shares were purchased at an average cost of $103.23 per share, with a total value of $361,305.00. Following the completion of the purchase, the director now owns 64,009 shares of the company’s stock, valued at approximately $6,607,649.07. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Monsanto Co. (NYSE:MON) opened at 102.32 on Thursday. The company has a market capitalization of $44.79 billion, a P/E ratio of 34.24 and a beta of 1.19. The firm has a 50-day moving average of $104.66 and a 200 day moving average of $101.70. Monsanto Co. has a 52-week low of $83.73 and a 52-week high of $114.26.

Monsanto (NYSE:MON) last released its earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.38 billion. Monsanto had a net margin of 9.89% and a return on equity of 46.07%. Monsanto’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.19) EPS. Equities analysts predict that Monsanto Co. will post $4.89 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 7th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, October 5th. Monsanto’s dividend payout ratio is presently 71.05%.

Several brokerages have recently commented on MON. Goldman Sachs Group Inc. raised shares of Monsanto from a “sell” rating to a “neutral” rating and set a $104.00 price objective for the company in a research note on Tuesday, September 27th. Jefferies Group reissued a “buy” rating on shares of Monsanto in a research note on Wednesday, June 29th. Piper Jaffray Cos. set a $128.00 price target on shares of Monsanto and gave the stock a “buy” rating in a research note on Thursday, September 15th. Argus reissued a “buy” rating and issued a $128.00 price target on shares of Monsanto in a research note on Sunday. Finally, Citigroup Inc. reissued a “neutral” rating and issued a $112.00 price target (up from $94.00) on shares of Monsanto in a research note on Friday, July 1st. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $114.65.

A number of hedge funds have recently added to or reduced their stakes in the company. Mycio Wealth Partners LLC increased its stake in Monsanto by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,094 shares of the company’s stock valued at $113,000 after buying an additional 12 shares in the last quarter. Moody National Bank Trust Division increased its stake in Monsanto by 0.3% in the second quarter. Moody National Bank Trust Division now owns 4,883 shares of the company’s stock valued at $505,000 after buying an additional 15 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Monsanto by 0.9% in the second quarter. Quadrant Capital Group LLC now owns 1,858 shares of the company’s stock valued at $184,000 after buying an additional 16 shares in the last quarter. Advisor Partners LLC increased its stake in Monsanto by 0.4% in the second quarter. Advisor Partners LLC now owns 6,238 shares of the company’s stock valued at $645,000 after buying an additional 23 shares in the last quarter. Finally, Trust Co. of Vermont increased its stake in Monsanto by 0.6% in the second quarter. Trust Co. of Vermont now owns 4,932 shares of the company’s stock valued at $510,000 after buying an additional 30 shares in the last quarter. 79.02% of the stock is currently owned by institutional investors.

Monsanto Company Profile

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