Vetr lowered shares of Monsanto Company (NYSE:MON) from a buy rating to a hold rating in a report published on Tuesday. The brokerage currently has $118.00 price objective on the basic materials company’s stock.

A number of other equities analysts have also weighed in on MON. Sanford C. Bernstein set a $105.00 target price on shares of Monsanto Company and gave the stock a neutral rating in a research note on Thursday, January 5th. Zacks Investment Research raised shares of Monsanto Company from a hold rating to a buy rating and set a $127.00 target price on the stock in a research note on Wednesday, March 1st. Royal Bank of Canada assumed coverage on shares of Monsanto Company in a research note on Thursday, February 23rd. They set a sector perform rating and a $118.00 target price on the stock. Finally, CLSA raised shares of Monsanto Company from an underperform rating to an outperform rating in a research note on Friday, January 6th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Monsanto Company currently has a consensus rating of Buy and an average target price of $118.94.

Shares of Monsanto Company (NYSE:MON) opened at 115.50 on Tuesday. The stock has a market capitalization of $50.68 billion, a P/E ratio of 26.57 and a beta of 0.93. The stock has a 50 day moving average price of $114.52 and a 200 day moving average price of $107.51. Monsanto Company has a 52 week low of $88.76 and a 52 week high of $116.60.

Monsanto Company (NYSE:MON) last announced its earnings results on Wednesday, April 5th. The basic materials company reported $3.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.79 by $0.40. Monsanto Company had a net margin of 11.61% and a return on equity of 47.05%. The business had revenue of $5.07 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter last year, the business earned $2.42 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Monsanto Company will post $4.90 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 7th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.87%. Monsanto Company’s payout ratio is currently 58.86%.

In other news, COO Brett D. Begemann sold 80,940 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $116.13, for a total value of $9,399,562.20. Following the completion of the transaction, the chief operating officer now owns 148,247 shares in the company, valued at approximately $17,215,924.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Hugh Grant sold 149,230 shares of the stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $116.15, for a total transaction of $17,333,064.50. Following the completion of the transaction, the chief executive officer now owns 390,373 shares of the company’s stock, valued at approximately $45,341,823.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,540 shares of company stock valued at $28,947,034. 0.79% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Gould Asset Management LLC CA increased its position in shares of Monsanto Company by 0.5% in the fourth quarter. Gould Asset Management LLC CA now owns 2,750 shares of the basic materials company’s stock worth $289,000 after buying an additional 15 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its position in shares of Monsanto Company by 0.3% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 5,838 shares of the basic materials company’s stock worth $597,000 after buying an additional 18 shares in the last quarter. Advisor Partners LLC increased its position in shares of Monsanto Company by 0.4% in the third quarter. Advisor Partners LLC now owns 6,264 shares of the basic materials company’s stock worth $640,000 after buying an additional 26 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Monsanto Company by 0.7% in the first quarter. Capital Investment Advisors LLC now owns 4,485 shares of the basic materials company’s stock worth $508,000 after buying an additional 29 shares in the last quarter. Finally, First PREMIER Bank increased its position in shares of Monsanto Company by 4.2% in the first quarter. First PREMIER Bank now owns 901 shares of the basic materials company’s stock worth $102,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 75.18% of the company’s stock.

Monsanto Company Company Profile

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.

5 Day Chart for NYSE:MON

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

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