Investors Buy Shares of Monsanto Co. (MON) on Weakness
Investors bought shares of Monsanto Co. (NYSE:MON) on weakness during trading on Friday. $71.34 million flowed into the stock on the tick-up and $34.98 million flowed out of the stock on the tick-down, for a money net flow of $36.36 million into the stock. Of all equities tracked, Monsanto had the 8th highest net in-flow for the day. Monsanto traded down ($0.42) for the day and closed at $105.68
Several research firms have recently weighed in on MON. Citigroup Inc. reiterated a “neutral” rating and issued a $112.00 price objective on shares of Monsanto in a research note on Monday, July 18th. Vetr lowered shares of Monsanto from a “strong-buy” rating to a “buy” rating and set a $116.47 price objective for the company. in a research note on Thursday, July 14th. Sanford C. Bernstein set a $90.00 price objective on shares of Monsanto and gave the company a “sell” rating in a research note on Wednesday, July 13th. Credit Agricole SA reiterated a “buy” rating on shares of Monsanto in a research note on Saturday, July 2nd. Finally, Zacks Investment Research lowered shares of Monsanto from a “hold” rating to a “sell” rating in a research note on Friday, July 1st. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $108.37.
The company’s 50 day moving average is $105.40 and its 200-day moving average is $95.67. The firm has a market cap of $46.24 billion and a price-to-earnings ratio of 46.51.
Monsanto (NYSE:MON) last announced its quarterly earnings data on Wednesday, June 29th. The company reported $2.17 EPS for the quarter, missing the consensus estimate of $2.40 by $0.23. The business earned $4.19 billion during the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the company earned $2.39 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, analysts anticipate that Monsanto Co. will post $4.46 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, July 8th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, July 6th.
In other news, CEO Michael K. Stern sold 12,797 shares of the firm’s stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $101.77, for a total transaction of $1,302,350.69. Following the completion of the transaction, the chief executive officer now directly owns 21,583 shares in the company, valued at $2,196,501.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brett D. Begemann sold 27,980 shares of the firm’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $103.62, for a total value of $2,899,287.60. Following the transaction, the chief operating officer now owns 102,480 shares of the company’s stock, valued at $10,618,977.60. The disclosure for this sale can be found here.
Several institutional investors recently modified their holdings of MON. LS Investment Advisors LLC increased its position in shares of Monsanto by 3.5% in the fourth quarter. LS Investment Advisors LLC now owns 11,344 shares of the company’s stock valued at $1,118,000 after buying an additional 379 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Monsanto by 3.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 62,266 shares of the company’s stock valued at $6,134,000 after buying an additional 2,303 shares during the last quarter. KBC Group NV increased its position in shares of Monsanto by 13.8% in the fourth quarter. KBC Group NV now owns 129,250 shares of the company’s stock valued at $12,733,000 after buying an additional 15,681 shares during the last quarter. Plancorp LLC increased its position in shares of Monsanto by 15.9% in the fourth quarter. Plancorp LLC now owns 94,318 shares of the company’s stock valued at $9,293,000 after buying an additional 12,938 shares during the last quarter. Finally, Tredje AP fonden increased its position in shares of Monsanto by 1.2% in the fourth quarter. Tredje AP fonden now owns 30,618 shares of the company’s stock valued at $3,016,000 after buying an additional 352 shares during the last quarter.
Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Company’s seeds, biotechnology trait products, and herbicides provide farmers with solutions that improve productivity, reduce the costs of farming, and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics, and Agricultural Productivity.
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