Investors Sell Shares of Monsanto Co. (MON) on Strength (MON)
Traders sold shares of Monsanto Co. (NYSE:MON) on strength during trading hours on Tuesday. $207.23 million flowed into the stock on the tick-up and $274.72 million flowed out of the stock on the tick-down, for a money net flow of $67.49 million out of the stock. Of all equities tracked, Monsanto had the 9th highest net out-flow for the day. Monsanto traded up $0.43 for the day and closed at $106.87
Several analysts have issued reports on MON shares. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $91.48 price target on the stock in a research note on Monday, April 11th. Morgan Stanley reissued a “buy” rating on shares of Monsanto in a research note on Saturday, April 9th. Berenberg Bank dropped their price target on Monsanto from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. Deutsche Bank AG reissued a “buy” rating and issued a $100.00 price target (down previously from $105.00) on shares of Monsanto in a research note on Thursday, April 7th. Finally, TheStreet raised Monsanto from a “hold” rating to a “buy” rating in a research note on Thursday, May 12th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Monsanto presently has an average rating of “Hold” and an average price target of $108.37.
The company has a market capitalization of $46.76 billion and a P/E ratio of 47.04. The stock has a 50-day moving average of $105.83 and a 200 day moving average of $95.45.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, June 29th. The company reported $2.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.23. The firm had revenue of $4.19 billion for the quarter, compared to the consensus estimate of $4.49 billion. The firm’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.39 EPS. Analysts predict that Monsanto Co. will post $4.46 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 8th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Wednesday, July 6th. This represents a $2.16 annualized dividend and a dividend yield of 2.02%.
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 shares were 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 directly owns 21,583 shares of the company’s stock, valued at approximately $2,196,501.91. The transaction was disclosed in a legal 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 stock was sold at an average price of $103.62, for a total transaction of $2,899,287.60. Following the completion of the transaction, the chief operating officer now directly owns 102,480 shares of the company’s stock, valued at $10,618,977.60. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently made changes to their positions in MON. 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. 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. Alerus Investment Advisors Corp increased its position in shares of Monsanto by 1.4% in the fourth quarter. Alerus Investment Advisors Corp now owns 27,158 shares of the company’s stock valued at $2,675,000 after buying an additional 387 shares during the last quarter. BOKF NA increased its position in shares of Monsanto by 4.1% in the fourth quarter. BOKF NA now owns 11,203 shares of the company’s stock valued at $1,104,000 after buying an additional 441 shares during the last quarter. Finally, RidgeWorth Capital Management LLC increased its position in shares of Monsanto by 0.4% in the fourth quarter. RidgeWorth Capital Management LLC now owns 126,203 shares of the company’s stock valued at $12,434,000 after buying an additional 481 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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