Investors Sell Monsanto Co. (MON) on Strength (MON)
Traders sold shares of Monsanto Co. (NYSE:MON) on strength during trading on Tuesday. $182.45 million flowed into the stock on the tick-up and $205.65 million flowed out of the stock on the tick-down, for a money net flow of $23.20 million out of the stock. Of all equities tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $2.60 for the day and closed at $107.10
A number of research analysts have weighed in on MON shares. Citigroup Inc. lifted their target price on Monsanto from $112.00 to $116.00 and gave the company a “neutral” rating in a report on Friday, August 19th. Vertical Research raised Monsanto from a “hold” rating to a “buy” rating in a report on Monday, May 23rd. Deutsche Bank AG reissued a “buy” rating and set a $118.00 price objective on shares of Monsanto in a report on Thursday, June 30th. Berenberg Bank set a $110.00 price objective on Monsanto and gave the stock a “buy” rating in a report on Friday, May 13th. Finally, Zacks Investment Research raised Monsanto from a “sell” rating to a “hold” rating in a report on Wednesday, June 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Monsanto presently has a consensus rating of “Buy” and a consensus price target of $109.88.
The stock has a market capitalization of $46.86 billion and a price-to-earnings ratio of 47.14. The stock has a 50-day moving average price of $104.82 and a 200-day moving average price of $97.99.
Monsanto (NYSE:MON) last announced its earnings results on Wednesday, June 29th. The company reported $2.17 EPS for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.23. The firm earned $4.19 billion during the quarter, compared to analysts’ expectations of $4.49 billion. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted $2.39 EPS. Analysts forecast that Monsanto Co. will post $4.45 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 28th. Stockholders of record on Friday, October 7th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date is Wednesday, October 5th.
In other news, CEO Michael K. Stern sold 12,797 shares of Monsanto stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $101.77, for a total value of $1,302,350.69. Following the completion of the transaction, the chief executive officer now owns 21,583 shares in the company, valued at approximately $2,196,501.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brett D. Begemann sold 27,980 shares of Monsanto stock in a transaction that occurred on Thursday, July 14th. The stock was 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 of the company’s stock, valued at approximately $10,618,977.60. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Monsanto stock. US Bancorp DE increased its position in Monsanto Co. (NYSE:MON) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the 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 about 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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