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Toyota Motor Announces New Initiatives Towards Agriculture

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Price movement

Toyota Motor (TM) has a market cap of $199.8 billion. It fell by 2.6% to close at $117.66 per share on September 23, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.6%, -2.7%, and -4.4%, respectively, on the same day. TM is trading 1.4% below its 20-day moving average, 1.4% above its 50-day moving average, and 6.7% above its 200-day moving average.

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Related ETF and peers

The Schwab Fundamental International Large Company ETF (FNDF) invests 0.07% of its holdings in Toyota Motor. The ETF tracks an index of large companies from developed markets, excluding the United States. Its selection and weighting is based on fundamental factors, including sales, cash flow, and dividends and buybacks. The YTD price movement of FNDF was 5.5% on September 23.

The market caps of Toyota Motor’s competitors are as follows:

  • General Motors (GM) — $50.4 billion
  • Ford Motor (F) — $48.4 billion

Latest news on Toyota Motor

In a press release on September 23, 2016, Toyota announced that it had developed a new DNA (deoxyribonucleic acid) analysis technology. It stated that “this technology is capable of dramatically improving the efficiency of identifying and selecting useful genetic information for agricultural plant improvement. This newly developed technology should lead to substantial time and cost savings in the agricultural plant improvement process.”

Sales of Toyota Motor in August 2016

Toyota Motor reported total Toyota sales of ~213,000 units, a fall of 5.0% from August 2015. It reported total Toyota division sales of ~182,000 units, a fall of 4.6% from August 2015. It also reported total Lexus sales of ~31,000 units, a fall of 7.6% from August 2015.

The reported total car sales came in at ~100,000 units, a fall of 12.5% from August 2015. The total reported Toyota truck sales reached ~113,000 units, a rise of 2.7% from August 2015. In the next part, we’ll look at Snyder’s-Lance (LNCE).

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