Investors Sell Monsanto (MON) on Strength (MON)
Traders sold shares of Monsanto (NYSE:MON) on strength during trading hours on Tuesday. $42.95 million flowed into the stock on the tick-up and $57.66 million flowed out of the stock on the tick-down, for a money net flow of $14.71 million out of the stock. Of all equities tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $0.48 for the day and closed at $122.25
Several equities research analysts have recently commented on the company. Royal Bank of Canada restated a “hold” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Wednesday, November 15th. Deutsche Bank restated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Macquarie lowered Monsanto from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Wells Fargo & Co restated a “market perform” rating and issued a $128.00 price objective (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Finally, BMO Capital Markets restated a “buy” rating and issued a $128.00 price objective on shares of Monsanto in a research note on Thursday, October 5th. Eleven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $127.30.
The company has a market cap of $53,894.92, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 1.75 and a beta of 1.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.77%. Monsanto’s dividend payout ratio is currently 39.85%.
In related news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the transaction, the executive vice president now owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.79% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP boosted its holdings in shares of Monsanto by 34.9% during the 2nd quarter. GSA Capital Partners LLP now owns 5,610 shares of the basic materials company’s stock valued at $664,000 after purchasing an additional 1,451 shares during the last quarter. QS Investors LLC boosted its holdings in shares of Monsanto by 6.1% during the 2nd quarter. QS Investors LLC now owns 14,449 shares of the basic materials company’s stock valued at $1,710,000 after purchasing an additional 826 shares during the last quarter. Shelton Capital Management bought a new position in shares of Monsanto during the 2nd quarter valued at about $500,000. San Francisco Sentry Investment Group CA bought a new position in shares of Monsanto during the 2nd quarter valued at about $240,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Monsanto by 2,540.4% during the 2nd quarter. Janus Henderson Group PLC now owns 1,491,324 shares of the basic materials company’s stock valued at $176,515,000 after purchasing an additional 1,434,844 shares during the last quarter. 75.43% of the stock is owned by institutional investors.
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Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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