Monsanto Company (MON) Rating Lowered to Hold at Vetr Inc.

Vetr lowered shares of Monsanto Company (NYSE:MON) from a buy rating to a hold rating in a research report released on Wednesday, August 2nd. The firm currently has $122.35 price target on the basic materials company’s stock.

Other analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Monsanto from a hold rating to a buy rating and set a $132.00 price objective on the stock in a report on Friday, June 16th. Royal Bank Of Canada reaffirmed a hold rating and issued a $120.00 price objective on shares of Monsanto in a report on Friday, April 7th. BidaskClub downgraded shares of Monsanto from a hold rating to a sell rating in a report on Sunday, July 16th. UBS AG downgraded shares of Monsanto from a positive rating to a neutral rating in a report on Tuesday, June 27th. Finally, Citigroup Inc. reaffirmed a neutral rating and issued a $126.00 price objective (up from $125.00) on shares of Monsanto in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $123.15.

Monsanto (NYSE:MON) traded down 0.33% on Wednesday, reaching $116.55. 1,012,471 shares of the company’s stock traded hands. Monsanto has a 12-month low of $97.35 and a 12-month high of $118.97. The stock has a 50 day moving average price of $117.47 and a 200 day moving average price of $115.08. The stock has a market cap of $51.20 billion, a price-to-earnings ratio of 25.17 and a beta of 1.07.

Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.19. The company had revenue of $4.23 billion for the quarter, compared to the consensus estimate of $4.18 billion. Monsanto had a net margin of 14.11% and a return on equity of 45.26%. Monsanto’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.17 EPS. Analysts forecast that Monsanto will post $4.89 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 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, October 5th. Monsanto’s dividend payout ratio is presently 46.75%.

In other Monsanto news, SVP Janet M. Holloway sold 7,423 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $118.00, for a total transaction of $875,914.00. Following the completion of the transaction, the senior vice president now directly owns 33,645 shares in the company, valued at $3,970,110. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Janet M. Holloway sold 3,337 shares of the company’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $118.00, for a total transaction of $393,766.00. Following the transaction, the senior vice president now owns 44,405 shares of the company’s stock, valued at $5,239,790. The disclosure for this sale can be found here. Insiders have sold 74,470 shares of company stock valued at $8,791,281 over the last 90 days. 0.79% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in MON. Bridges Investment Counsel Inc. raised its stake in Monsanto by 188.1% in the first quarter. Bridges Investment Counsel Inc. now owns 8,375 shares of the basic materials company’s stock worth $948,000 after buying an additional 5,468 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Monsanto by 2.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 400,048 shares of the basic materials company’s stock worth $45,286,000 after buying an additional 10,793 shares during the last quarter. Acropolis Investment Management LLC raised its stake in Monsanto by 6.9% in the first quarter. Acropolis Investment Management LLC now owns 3,110 shares of the basic materials company’s stock worth $352,000 after buying an additional 201 shares during the last quarter. Paradigm Financial Advisors LLC raised its stake in Monsanto by 40.6% in the first quarter. Paradigm Financial Advisors LLC now owns 11,965 shares of the basic materials company’s stock worth $1,354,000 after buying an additional 3,456 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in Monsanto by 95.1% in the first quarter. Raymond James Trust N.A. now owns 7,533 shares of the basic materials company’s stock worth $853,000 after buying an additional 3,671 shares during the last quarter. 75.31% of the stock is owned by institutional investors and hedge funds.

About Monsanto

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Monsanto (NYSE:MON)

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