Investors sold shares of Monsanto (NYSE:MON) on strength during trading hours on Tuesday. $45.30 million flowed into the stock on the tick-up and $80.11 million flowed out of the stock on the tick-down, for a money net flow of $34.81 million out of the stock. Of all stocks tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $0.72 for the day and closed at $118.36
A number of equities research analysts have recently issued reports on MON shares. Zacks Investment Research cut shares of Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Finally, Wells Fargo reiterated a “market perform” rating and issued a $128.00 price target (up previously 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 given a buy rating to the company. Monsanto currently has an average rating of “Hold” and an average target price of $127.30.
The stock has a market capitalization of $52,173.18, a P/E ratio of 20.66, a P/E/G ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28.
Monsanto (NYSE:MON) last announced its earnings results on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The business’s revenue for the quarter was up .3% on a year-over-year basis. analysts expect that Monsanto will post 5.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a dividend of $0.54 per share. The ex-dividend date is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.81%. Monsanto’s payout ratio is presently 39.85%.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the transaction, the executive vice president now owns 56,743 shares in the company, valued at approximately $6,772,277.05. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.
Several large investors have recently made changes to their positions in MON. First Trust Advisors LP grew its position in shares of Monsanto by 2.7% during the 3rd quarter. First Trust Advisors LP now owns 22,198 shares of the basic materials company’s stock worth $2,660,000 after purchasing an additional 591 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Monsanto by 1.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 42,996 shares of the basic materials company’s stock worth $5,152,000 after purchasing an additional 595 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Monsanto by 1.4% during the 3rd quarter. New York State Common Retirement Fund now owns 1,182,100 shares of the basic materials company’s stock worth $141,639,000 after purchasing an additional 16,075 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Monsanto by 2,869.5% during the 3rd quarter. Quantbot Technologies LP now owns 5,939 shares of the basic materials company’s stock worth $711,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of Monsanto by 13.0% during the 3rd quarter. Pacer Advisors Inc. now owns 11,319 shares of the basic materials company’s stock worth $1,356,000 after purchasing an additional 1,299 shares in the last quarter. Hedge funds and other institutional investors own 76.21% of the company’s stock.
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.
Receive News & Ratings for Monsanto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto and related companies with MarketBeat.com's FREE daily email newsletter.