Todays Report: The Monsanto Co. (MON) Rating Reiterated by Deutsche Bank AG

The Monsanto Co. (MON) Rating Reiterated by Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Monsanto Co. (NYSE:MON) in a report released on Thursday morning.

A number of other equities research analysts have also weighed in on MON. Zacks Investment Research raised Monsanto from a sell rating to a hold rating in a research note on Wednesday, June 8th. Piper Jaffray Cos. reissued an overweight rating and issued a $127.00 target price (up previously from $95.00) on shares of Monsanto in a research note on Monday, June 13th. Argus reissued a buy rating and issued a $128.00 target price (up previously from $111.00) on shares of Monsanto in a research note on Wednesday, June 15th. Goldman Sachs Group Inc. set a $92.00 target price on Monsanto and gave the company a sell rating in a research note on Monday, June 27th. Finally, Vetr raised Monsanto from a buy rating to a strong-buy rating and set a $116.55 target price for the company in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $114.65.

Shares of Monsanto (NYSE:MON) opened at 103.33 on Thursday. Monsanto has a 52 week low of $83.73 and a 52 week high of $114.26. The firm has a 50-day moving average price of $104.80 and a 200-day moving average price of $101.69. The firm has a market cap of $45.23 billion, a PE ratio of 34.58 and a beta of 1.19.

Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, October 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.09. Monsanto had a return on equity of 46.07% and a net margin of 9.89%. The firm earned $2.56 billion during the quarter, compared to analysts’ expectations of $2.38 billion. During the same period in the prior year, the business earned ($0.19) EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts predict that Monsanto will post $4.89 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.54 per share. The ex-dividend date is Wednesday, October 5th. This represents a $2.16 annualized dividend and a yield of 2.09%. Monsanto’s dividend payout ratio is 71.05%.

In other Monsanto news, COO Brett D. Begemann sold 27,980 shares of the stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $103.62, for a total transaction of $2,899,287.60. Following the sale, the chief operating officer now directly owns 102,480 shares in the company, valued at approximately $10,618,977.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Monsanto by 1.3% in the second quarter. Vanguard Group Inc. now owns 30,430,570 shares of the company’s stock valued at $3,146,826,000 after buying an additional 389,914 shares in the last quarter. State Street Corp increased its position in Monsanto by 0.9% in the first quarter. State Street Corp now owns 18,623,044 shares of the company’s stock worth $1,634,002,000 after buying an additional 173,201 shares during the period. FMR LLC increased its position in Monsanto by 41.3% in the second quarter. FMR LLC now owns 16,593,757 shares of the company’s stock worth $1,715,960,000 after buying an additional 4,851,499 shares during the period. Massachusetts Financial Services Co. MA increased its position in Monsanto by 0.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 14,893,956 shares of the company’s stock worth $1,540,185,000 after buying an additional 38,316 shares during the period. Finally, Capital International Investors increased its position in Monsanto by 6.2% in the second quarter. Capital International Investors now owns 8,187,701 shares of the company’s stock worth $846,690,000 after buying an additional 476,848 shares during the period. Institutional investors and hedge funds own 79.02% of the company’s stock.

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