Monsanto jumps after report that DOJ will allow Bayer takeover

11 April, 2018, 17:05 | Author: Teresa Adams
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Werner Baumann, the CEO of Bayer, and Hugh Grant, Chairman and CEO of Monsanto, emphasized their companies' ability to invest more in innovation once joined, pledging to spend $16 billion on research and development worldwide over six years. Monsanto Co New has $52.02 billion market cap. Finally, Sanford C. Bernstein set a $119.00 price objective on Monsanto and gave the stock a "neutral" rating in a research report on Monday. About 1.32M shares traded or 68.77% up from the average. AutoNation, Inc. (NYSE:AN) has risen 8.96% since April 10, 2017 and is uptrending. Gradient Investments LLC bought a new stake in Monsanto during the 4th quarter valued at $108,000. Monsanto has a 1 year low of $114.19 and a 1 year high of $126.80. Brown Advisory Inc holds 168,685 shares. The stock decreased 0.16% or $0.19 during the last trading session, reaching $117.86. About 130,728 shares traded. It has underperformed by 8.49% the S&P500.The move comes after 5 months negative chart setup for the $55.39B company.

While analysts have generally expected the deal to close, some have warned of uncertainty around the Justice Department review, given the agency's more aggressive posture toward other recent proposed deals like AT&T Inc.'s planned acquisition of Time Warner Inc. (NYSE:BEN) to report earnings on April, 27. During the same period in the previous year, the firm earned ($0.19) earnings per share.

Since October 30, 2017, it had 0 insider buys, and 2 selling transactions for $4.61 million activity. The basic materials company reported $3.22 earnings per share for the quarter, missing the consensus estimate of $3.31 by ($0.09). Its the same as in 2017Q3. Aperio Grp Ltd Llc invested in 0.17% or 287,597 shs. Huntington Natl Bank reported 0.03% stake. (NYSE:AN). Credit Suisse Ag has invested 0.01% in AutoNation, Inc. (NYSE:CRI). Retirement Of Alabama accumulated 0.06% or 104,790 shares. Tdam Usa holds 5,534 shares. Midas Corporation invested in 1.24% or 26,500 shares.

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Toronto Dominion Bankshares holds 0.39% or 1.14M shares in its portfolio. Riverpark Advsrs Ltd Llc holds 11,155 shs. Ballentine Prtnrs Limited holds 0.02% or 2,433 shs. Cambridge Advsr invested in 2,475 shares.

A total of 3 analysts rate Monsanto (NYSE:MON) as follows: 0 "Buy", 3 "Hold" and 0 "Sell". United Continental had 101 analyst reports since July 24, 2015 according to SRatingsIntel. FBR Capital maintained Carter's, Inc. On Wednesday, January 17 the rating was maintained by Wells Fargo with "Hold". ValuEngine upgraded Monsanto from a "hold" rating to a "buy" rating in a research report on Monday.

Beta is used to measure a stock's price volatility relative to the market.

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Investors sentiment decreased to 0.81 in 2017 Q4. That's change of 0.03, from 2017Q3's 0.84. The ratio fall due to Monday positioning: 69 sold and 328 reduced. 75 funds opened positions while 246 raised stakes.

Monsanto Company (NYSE:MON) announced a quarterly dividend on Tuesday, December 6th. Massmutual Fsb Adv reported 2.9% stake. State Street Corp holds 9.80 million shares. Quantitative Invest Llc owns 6,600 shares. Strs Ohio holds 0.18% or 358,737 shares. Bb&T Secs Ltd Limited Liability Company invested in 0.02% or 12,821 shares. Burke And Herbert Fincl Bank And reported 2,291 shares. Ngam Advisors Lp invested in 0.02% or 42,842 shares. Glg Limited Co accumulated 20,960 shs. Adirondack holds 0.02% or 185 shs in its capital.

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