Traders Sell Shares of Monsanto Co. (MON) on Strength (MON)
Investors sold shares of Monsanto Co. (NYSE:MON) on strength during trading 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 stocks 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 commented on MON shares. Zacks Investment Research raised shares of Monsanto from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Vetr raised shares of Monsanto from a “sell” rating to a “hold” rating and set a $89.50 price objective on the stock in a report on Wednesday, May 4th. Berenberg Bank set a $110.00 price objective on shares of Monsanto and gave the stock a “buy” rating in a report on Friday, May 13th. TheStreet raised shares of Monsanto from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Finally, Piper Jaffray Cos. reissued an “overweight” rating on shares of Monsanto in a report on Saturday, May 14th. Four analysts have rated the stock with a sell rating, six have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $109.88.
The firm’s 50-day moving average is $104.66 and its 200-day moving average is $97.70. The stock has a market capitalization of $45.57 billion and a price-to-earnings ratio of 45.84.
Monsanto (NYSE:MON) last released its quarterly earnings results on Wednesday, June 29th. The company reported $2.17 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by $0.23. The company earned $4.19 billion during the quarter, compared to analyst estimates of $4.49 billion. The company’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. Equities analysts anticipate that Monsanto Co. will post $4.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, October 7th will be given a $0.54 dividend. 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, COO Brett D. Begemann sold 27,980 shares of the stock in a transaction 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 sale, the chief operating officer now directly owns 102,480 shares of the company’s stock, valued at approximately $10,618,977.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael K. Stern sold 12,797 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 21,583 shares of the company’s stock, valued at $2,196,501.91. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Monsanto stock. US Bancorp DE increased its position in shares of Monsanto Co. (NYSE:MON) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 344,555 shares of the company’s stock after buying an additional 1,297 shares during the period. US Bancorp DE owned approximately 0.08% of Monsanto worth $33,946,000 at the end of the most recent 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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