Monsanto (MON): Captial Redeployment Trumps Lower Earnings Quality, Says Goldman Sachs
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Monsanto (MON) Hold Rating Maintained a Topeka Despite Large Buyback
June 27, 2014 9:00 AM EDTTopeka Capital maintained a Hold rating on Monsanto (NYSE: MON) with a price target of $131. Analyst Chris Kapsch said its $10 billion buyback improves risk/reward, but he remains sidelined.
"MONs bold capital allocation shiftannouncing a $10B share repurchase program, on top of its... More
Monsanto (MON) Tops Q3 EPS by 6c; Adjusts FY14 EPS Outlook; Approves $10B Buyback
June 25, 2014 8:18 AM EDT(Updated - June 25, 2014 8:22 AM EDT)
Monsanto Company (NYSE: MON) reported Q3 EPS of $1.62, $0.06 better than the analyst estimate of $1.56. Revenue was $4.25 billion, versus the consensus of $4.40 billion.
"Through the third quarter, we're on track for seeds and traits to drive a majority of our full year growth. That performance in a more challenging agricultural environment speaks to the breadth and customer value of our product portfolio," said Hugh Grant, chairman and chief executive officer. "Coupled with an expanding portfolio of solutions for farmers, this provides confidence to target at least... More
