Monsanto (MON) Short Interest Update

Monsanto (NYSE:MON) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 6,982,967 shares, a growth of 55.0% from the January 12th total of 4,503,823 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 3,349,657 shares, the short-interest ratio is currently 2.1 days.

MON has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Royal Bank of Canada restated a “hold” rating and set a $128.00 price target 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. Finally, Wells Fargo & Co restated a “market perform” rating and set a $128.00 price target (up from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $127.30.

In other news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the transaction, the executive vice president now directly owns 56,743 shares in the company, valued at $6,772,277.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.79% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Meyer Handelman Co. grew its stake in shares of Monsanto by 0.6% in the 3rd quarter. Meyer Handelman Co. now owns 124,552 shares of the basic materials company’s stock valued at $14,923,000 after purchasing an additional 706 shares during the period. Toronto Dominion Bank grew its stake in shares of Monsanto by 6.3% in the 3rd quarter. Toronto Dominion Bank now owns 1,014,313 shares of the basic materials company’s stock valued at $121,519,000 after purchasing an additional 59,750 shares during the period. Amalgamated Bank grew its stake in shares of Monsanto by 2.0% in the 3rd quarter. Amalgamated Bank now owns 52,909 shares of the basic materials company’s stock valued at $6,340,000 after purchasing an additional 1,022 shares during the period. Janus Henderson Group PLC grew its stake in shares of Monsanto by 57.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,342,693 shares of the basic materials company’s stock valued at $280,696,000 after purchasing an additional 851,369 shares during the period. Finally, Oakbrook Investments LLC grew its stake in shares of Monsanto by 7.4% in the 3rd quarter. Oakbrook Investments LLC now owns 20,350 shares of the basic materials company’s stock valued at $2,438,000 after purchasing an additional 1,400 shares during the period. Institutional investors own 74.62% of the company’s stock.

Monsanto (NYSE:MON) opened at $120.79 on Friday. Monsanto has a 12 month low of $108.38 and a 12 month high of $123.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. The stock has a market capitalization of $53,240.00, a PE ratio of 22.33, a P/E/G ratio of 1.72 and a beta of 1.01.

Monsanto (NYSE:MON) last issued its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’s revenue was up .3% on a year-over-year basis. equities analysts anticipate that Monsanto will post 5.76 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.79%. Monsanto’s dividend payout ratio is currently 39.93%.

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Monsanto Company Profile

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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