Monsanto (MON) Cut to “Sell” at Argus

Argus cut shares of Monsanto (NYSE:MON) from a buy rating to a sell rating in a research note issued to investors on Monday, MarketBeat Ratings reports.

Several other research analysts also recently weighed in on MON. Deutsche Bank reissued a buy rating on shares of Monsanto in a research report on Tuesday, January 16th. Wells Fargo reissued a market perform rating and issued a $128.00 target price (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Sanford C. Bernstein reissued a neutral rating and issued a $119.00 target price on shares of Monsanto in a research report on Monday, April 9th. Zacks Investment Research downgraded shares of Monsanto from a hold rating to a sell rating in a research report on Monday, April 9th. Finally, ValuEngine raised shares of Monsanto from a hold rating to a buy rating in a research report on Monday, April 9th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. Monsanto has a consensus rating of Hold and an average target price of $126.61.

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Monsanto stock opened at $124.95 on Monday. The company has a market capitalization of $55,408.66, a PE ratio of 22.72, a PEG ratio of 2.10 and a beta of 0.96. The company has a current ratio of 1.41, a quick ratio of 0.85 and a debt-to-equity ratio of 0.85. Monsanto has a fifty-two week low of $114.19 and a fifty-two week high of $126.80.

Monsanto (NYSE:MON) last released its earnings results on Thursday, April 5th. The basic materials company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.09). The firm had revenue of $5.02 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Monsanto had a return on equity of 37.31% and a net margin of 17.07%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $3.19 earnings per share. equities research analysts predict that Monsanto will post 5.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.73%. The ex-dividend date is Thursday, April 5th. Monsanto’s dividend payout ratio is currently 39.27%.

Several hedge funds have recently bought and sold shares of MON. Steward Partners Investment Advisory LLC acquired a new stake in Monsanto in the third quarter valued at approximately $356,000. Atlantic Trust Group LLC lifted its stake in Monsanto by 2,080.5% in the third quarter. Atlantic Trust Group LLC now owns 404,834 shares of the basic materials company’s stock valued at $48,506,000 after acquiring an additional 386,268 shares during the last quarter. Prudential Financial Inc. lifted its stake in Monsanto by 0.3% in the third quarter. Prudential Financial Inc. now owns 637,125 shares of the basic materials company’s stock valued at $76,340,000 after acquiring an additional 1,780 shares during the last quarter. QUANTRES ASSET MANAGEMENT Ltd lifted its stake in Monsanto by 74.2% in the fourth quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 5,400 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 2,300 shares during the last quarter. Finally, DnB Asset Management AS lifted its stake in Monsanto by 2.9% in the fourth quarter. DnB Asset Management AS now owns 93,057 shares of the basic materials company’s stock valued at $10,867,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

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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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