Investors Sell Shares of Monsanto Co. (MON) on Strength (MON)
Traders sold shares of Monsanto Co. (NYSE:MON) on strength during trading on Tuesday. $29.71 million flowed into the stock on the tick-up and $74.10 million flowed out of the stock on the tick-down, for a money net flow of $44.39 million out of the stock. Of all stocks tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $0.76 for the day and closed at $106.02
Several analysts have recently issued reports on the company. TheStreet upgraded Monsanto to a “buy” rating in a research report on Thursday, May 26th. Vetr downgraded Monsanto from a “strong-buy” rating to a “buy” rating and set a $117.33 price objective on the stock. in a research report on Monday, May 30th. Deutsche Bank AG restated a “buy” rating and issued a $100.00 price objective on shares of Monsanto in a research report on Wednesday, June 1st. Morgan Stanley restated a “buy” rating on shares of Monsanto in a research report on Saturday, April 9th. Finally, Zacks Investment Research upgraded Monsanto from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $108.37.
The firm has a market capitalization of $46.39 billion and a PE ratio of 46.66. The company’s 50-day moving average price is $105.15 and its 200 day moving average price is $95.84.
Monsanto (NYSE:MON) last posted its quarterly earnings data on Wednesday, June 29th. The company reported $2.17 earnings per share for the quarter, missing the consensus estimate of $2.40 by $0.23. During the same period in the previous year, the business earned $2.39 EPS. The company had revenue of $4.19 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Monsanto’s revenue was down 8.5% compared to the same quarter last year. On average, analysts forecast that Monsanto Co. will post $4.46 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 8th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.04%. The ex-dividend date is Wednesday, July 6th.
In related news, COO Brett D. Begemann sold 27,980 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 102,480 shares in the company, valued at approximately $10,618,977.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael K. Stern sold 12,797 shares of the business’s stock in a transaction that occurred 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 owns 21,583 shares of the company’s stock, valued at approximately $2,196,501.91. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in Monsanto by 3.6% in the fourth quarter. Baillie Gifford & Co. now owns 3,294,874 shares of the company’s stock valued at $324,610,000 after buying an additional 116,004 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Monsanto by 49.9% in the fourth quarter. BlackRock Advisors LLC now owns 1,138,888 shares of the company’s stock valued at $112,203,000 after buying an additional 379,225 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Monsanto by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 982,183 shares of the company’s stock valued at $96,767,000 after buying an additional 48,863 shares during the last quarter. US Bancorp DE boosted its stake in shares of Monsanto by 0.4% in the fourth quarter. US Bancorp DE now owns 344,555 shares of the company’s stock valued at $33,946,000 after buying an additional 1,297 shares during the last quarter. Finally, Johnston Asset Management Corp boosted its stake in shares of Monsanto by 50.0% in the fourth quarter. Johnston Asset Management Corp now owns 305,660 shares of the company’s stock valued at $30,114,000 after buying an additional 101,940 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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