Investors Buy Monsanto (MON) on Weakness

Traders bought shares of Monsanto (NYSE:MON) on weakness during trading on Friday. $138.93 million flowed into the stock on the tick-up and $103.76 million flowed out of the stock on the tick-down, for a money net flow of $35.17 million into the stock. Of all stocks tracked, Monsanto had the 14th highest net in-flow for the day. Monsanto traded down ($0.44) for the day and closed at $118.64

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reiterated a “hold” rating and set a $128.00 price target on shares of Monsanto in a report on Wednesday, November 15th. Deutsche Bank restated a “buy” rating on shares of Monsanto in a report on Tuesday, January 16th. Wells Fargo & Co restated a “market perform” rating and issued a $128.00 target price (up from $118.00) on shares of Monsanto in a report on Wednesday, January 17th. Finally, Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a report on Monday, December 11th. Eleven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $127.30.

The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05. The company has a market cap of $52,296.63, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 1.70 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.77 billion. Monsanto had a return on equity of 40.13% and a net margin of 16.38%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. equities research analysts anticipate that Monsanto will post 5.76 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Thursday, April 5th. Monsanto’s dividend payout ratio is currently 39.85%.

In other Monsanto news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,772,277.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.79% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Gradient Investments LLC bought a new position in Monsanto in the 4th quarter worth approximately $108,000. Americafirst Capital Management LLC bought a new position in Monsanto in the 3rd quarter worth approximately $148,000. S&CO Inc. bought a new position in Monsanto in the 3rd quarter worth approximately $216,000. McKinley Carter Wealth Services Inc. bought a new position in Monsanto in the 4th quarter worth approximately $218,000. Finally, Corundum Group Inc. bought a new position in Monsanto in the 3rd quarter worth approximately $228,000. 75.62% of the stock is currently owned by institutional investors.

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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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