Monsanto (NYSE:MON) declared a quarterly dividend on Monday, December 4th, RTT News reports. Shareholders of record on Friday, January 5th will be given a dividend of 0.54 per share by the basic materials company on Friday, January 26th. This represents a $2.16 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Thursday, January 4th.
Monsanto has raised its dividend payment by an average of 6.7% annually over the last three years. Monsanto has a payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Monsanto to earn $6.45 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 33.5%.
Monsanto (NYSE MON) opened at $119.70 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. The stock has a market cap of $52,690.00, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 1.71 and a beta of 1.04. Monsanto has a fifty-two week low of $106.97 and a fifty-two week high of $122.79.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.77 billion. Monsanto had a return on equity of 40.13% and a net margin of 16.38%. Monsanto’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. sell-side analysts anticipate that Monsanto will post 5.76 earnings per share for the current fiscal year.
A number of research firms have recently commented on MON. Barclays reiterated an “equal weight” rating and set a $124.00 target price (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. BMO Capital Markets reiterated a “buy” rating and set a $128.00 target price on shares of Monsanto in a research note on Thursday, October 5th. Macquarie cut Monsanto from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Wells Fargo & Co lifted their target price on Monsanto from $107.50 to $118.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $126.40.
In related news, EVP Steven Mizell sold 8,100 shares of the business’s stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the sale, the executive vice president now directly owns 56,743 shares in the company, valued at approximately $6,772,277.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $122.00, for a total value of $527,040.00. Following the completion of the sale, the chief financial officer now owns 48,388 shares in the company, valued at $5,903,336. The disclosure for this sale can be found here. Insiders sold a total of 20,310 shares of company stock worth $2,458,328 over the last 90 days. 0.79% of the stock is currently owned by company insiders.
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Monsanto 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.
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