Traders Sell Monsanto Co. (MON) on Strength (MON)
Traders sold shares of Monsanto Co. (NYSE:MON) on strength during trading hours on Friday. $47.94 million flowed into the stock on the tick-up and $64.37 million flowed out of the stock on the tick-down, for a money net flow of $16.43 million out of the stock. Of all equities tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $0.16 for the day and closed at $104.15
A number of equities research analysts have weighed in on MON shares. TheStreet upgraded Monsanto to a “buy” rating in a report on Thursday, May 26th. Vetr downgraded Monsanto from a “strong-buy” rating to a “buy” rating and set a $117.33 target price for the company. in a report on Monday, May 30th. Deutsche Bank AG reiterated a “buy” rating and issued a $100.00 target price on shares of Monsanto in a report on Wednesday, June 1st. Zacks Investment Research upgraded Monsanto from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Sanford C. Bernstein reiterated a “sell” rating on shares of Monsanto in a report on Sunday, May 29th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $109.88.
The company has a market cap of $45.57 billion and a price-to-earnings ratio of 45.84. The stock has a 50 day moving average price of $104.66 and a 200 day moving average price of $97.70.
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 Zacks’ consensus estimate of $2.40 by $0.23. The company earned $4.19 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the previous year, the business posted $2.39 earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. Equities analysts expect that Monsanto Co. will post $4.46 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, October 5th.
In related news, CEO Michael K. Stern sold 12,797 shares of the firm’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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Brett D. Begemann sold 27,980 shares of the firm’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 transaction, the chief operating officer now directly owns 102,480 shares of the company’s stock, valued at approximately $10,618,977.60. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Monsanto stock. US Bancorp DE raised its position in Monsanto Co. (NYSE:MON) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,555 shares of the company’s stock after buying an additional 1,297 shares during the period. US Bancorp DE owned 0.08% of Monsanto worth $33,946,000 as of its most recent filing with the SEC.
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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