Monsanto (MON) Receives Average Recommendation of “Hold” from Analysts

Monsanto (NYSE:MON) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the company, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $126.84.

MON has been the subject of several research analyst reports. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th.

Shares of NYSE:MON opened at $116.69 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79. Monsanto has a 52-week low of $113.15 and a 52-week high of $124.20. The company has a market capitalization of $51,437.07, a P/E ratio of 21.22, a price-to-earnings-growth ratio of 1.94 and a beta of 0.95.

Monsanto (NYSE:MON) last issued its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Monsanto’s revenue for the quarter was up .3% compared to the same quarter last year. equities analysts forecast that Monsanto will post 5.73 EPS for the current year.

The company 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 1.85%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio (DPR) is currently 39.27%.

In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the completion of the transaction, the executive vice president now owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.79% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in shares of Monsanto by 1.4% in the 3rd quarter. New York State Common Retirement Fund now owns 1,182,100 shares of the basic materials company’s stock valued at $141,639,000 after buying an additional 16,075 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Monsanto by 4.2% in the 3rd quarter. Nordea Investment Management AB now owns 26,320 shares of the basic materials company’s stock valued at $3,154,000 after buying an additional 1,061 shares during the last quarter. Trexquant Investment LP acquired a new stake in shares of Monsanto in the 3rd quarter valued at approximately $524,000. Twin Capital Management Inc. acquired a new stake in shares of Monsanto in the 3rd quarter valued at approximately $899,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Monsanto by 15.7% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 42,980 shares of the basic materials company’s stock valued at $5,150,000 after buying an additional 5,821 shares during the last quarter. 76.31% of the stock is owned by hedge funds and other institutional investors.

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About Monsanto

Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.

Analyst Recommendations for Monsanto (NYSE:MON)

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