Brokerage firm CLSA Downgrades its rating on Monsanto Company(NYSE:MON). The shares have been rated Underperform. Previously, the analysts had a Buy rating on the shares. The rating by CLSA was issued on Sep 15, 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 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) made into the market gainers list on Tuesdays trading session with the shares advancing 1.06% or 1.08 points. Due to strong positive momentum, the stock ended at $102.88, which is also near the day’s high of $103.1001. The stock began the session at $102.75 and the volume stood at 35,68,996 shares. The 52-week high of the shares is $114.26 and the 52 week low is $81.22. The company has a current market capitalization of $45,018 M and it has 43,75,75,540 shares in outstanding.
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.