Trading Report: The Monsanto Co. (MON) Forecasted to Earn Q1 2017 Earnings of $0.04 Per Share

The Monsanto Co. (MON) Forecasted to Earn Q1 2017 Earnings of $0.04 Per Share

Monsanto Co. (NYSE:MON) – Investment analysts at Jefferies Group issued their Q1 2017 earnings estimates for shares of Monsanto in a report issued on Thursday. Jefferies Group analyst L. Alexander forecasts that the firm will earn $0.04 per share for the quarter. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Monsanto’s Q2 2017 earnings at $2.47 EPS, Q3 2017 earnings at $2.04 EPS, Q4 2017 earnings at $0.09 EPS and FY2020 earnings at $7.35 EPS.

MON has been the topic of a number of other reports. TheStreet downgraded Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Citigroup Inc. upped their price objective on Monsanto from $112.00 to $116.00 and gave the company a “neutral” rating in a research report on Friday, August 19th. Monness Crespi & Hardt decreased their price objective on Monsanto from $130.00 to $128.00 and set a “buy” rating on the stock in a research report on Monday, October 3rd. BMO Capital Markets set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a research report on Thursday, September 15th. Finally, JPMorgan Chase & Co. set a $128.00 price objective on Monsanto and gave the company a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $114.67.

Shares of Monsanto (NYSE:MON) opened at 103.36 on Friday. The company’s 50 day moving average price is $104.86 and its 200 day moving average price is $101.43. Monsanto has a 52-week low of $83.73 and a 52-week high of $114.26. The company has a market capitalization of $45.23 billion, a price-to-earnings ratio of 45.49 and a beta of 1.19.

Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. Monsanto had a return on equity of 46.07% and a net margin of 9.89%. The company had revenue of $2.56 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the company posted ($0.19) earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis.

The company also recently declared 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 payout ratio is presently 71.05%.

In other news, CEO Michael K. Stern sold 12,797 shares of the business’s stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $101.77, for a total value of $1,302,350.69. Following the completion of the transaction, the chief executive officer now owns 21,583 shares of the company’s stock, valued at approximately $2,196,501.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Brett D. Begemann sold 27,980 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $103.62, for a total value of $2,899,287.60. Following the completion of the transaction, the chief operating officer now directly owns 102,480 shares of the company’s stock, valued at approximately $10,618,977.60. The disclosure for this sale can be found here. Company insiders own 0.88% of the company’s stock.

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

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