Bernstein Upgrades Monsanto Company to Market Perform

Brokerage firm Bernstein Upgrades its rating on Monsanto Company(NYSE:MON). The shares have been rated Market Perform. Previously, the analysts had a Underperform rating on the shares. The rating by Bernstein was issued on Sep 26, 2016.

In a different note, On Sep 21, 2016, JP Morgan said it Upgrades its rating on Monsanto Company. The shares have been rated ‘Overweight’ by the firm. On Sep 15, 2016, CLSA said it Downgrades its rating on Monsanto Company. The shares have been rated ‘Underperform’ by the firm. On Sep 15, 2016, Deutsche Bank said it Maintains its rating on Monsanto Company. In the research note, the firm Raises the price-target to $118.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Citigroup said it Maintains its rating on Monsanto Company. In the research note, the firm Raises the price-target to $112.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 19, 2016, Citigroup said it Maintains its rating on Monsanto Company. In the research note, the firm Raises the price-target to $112.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Monness Crespi Hardt said it Upgrades its rating on Monsanto Company. The shares have been rated ‘Buy’ by the firm.

Monsanto Company (MON) shares turned negative on Thursdays trading session with the shares closing down -0.16 points or -0.15% at a volume of 42,51,741. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $104.97. The peak price level was also seen at $104.97 while the days lowest was $104.1. Finally the shares closed at $104.2. The 52-week high of the shares is $114.26 while the 52-week low is $81.22. According to the latest information available, the market cap of the company is $45,595 M.

Monsanto Company has also declared a cash dividend of $0.5400 on Aug 12, 2016. The shares will quote ex-dividend on Oct 5, 2016 and the record date has been fixed on Oct 7, 2016. The dividend payable date has been fixed on Oct 28, 2016.

Monsanto Company(MON) last announced its earnings results on Jun 29, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $4.19B. Analysts had an estimated revenue of $4.50B. Earnings per share were $2.17. Analysts had estimated an EPS of $2.42.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Michael K Stern (VP, CEO – Climate) sold 12,797 shares at $101.77 per share price.Also, On Jul 15, 2016, Brett D Begemann (President & COO) sold 27,980 shares at $103.62 per share price.On Apr 21, 2016, George Poste (director) sold 1,136 shares at $91.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Company’s seeds biotechnology trait products and herbicides provide farmers with solutions that improve productivity reduce the costs of farming and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics and Agricultural Productivity. Through its Seeds and Genomics segment it produces seed brands including DEKALB Asgrow Deltapine Seminis and De Ruiter and it develops biotechnology traits that assist farmers in controlling insects and weeds. Through its Agricultural Productivity segment it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.

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