Traders Buy Shares of Monsanto Co. (MON) on Weakness Following Insider Selling
Traders bought shares of Monsanto Co. (NYSE:MON) on weakness during trading on Friday following insider selling activity. $52.34 million flowed into the stock on the tick-up and $36.69 million flowed out of the stock on the tick-down, for a money net flow of $15.65 million into the stock. Of all companies tracked, Monsanto had the 38th highest net in-flow for the day. Monsanto traded down ($0.07) for the day and closed at $100.66Specifically, EVP Kerry J. Preete sold 2,745 shares of the stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $100.96, for a total value of $277,135.20. Following the completion of the transaction, the executive vice president now owns 50,056 shares of the company’s stock, valued at $5,053,653.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles S. Mcmillan bought 3,500 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was bought at an average cost of $103.23 per share, with a total value of $361,305.00. Following the acquisition, the director now directly owns 64,009 shares of the company’s stock, valued at approximately $6,607,649.07. The disclosure for this purchase can be found here. 0.88% of the stock is currently owned by insiders.
MON has been the subject of a number of research reports. Jefferies Group reiterated a “buy” rating on shares of Monsanto in a report on Tuesday, September 6th. Zacks Investment Research upgraded shares of Monsanto from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 6th. Monness Crespi & Hardt upgraded shares of Monsanto from a “neutral” rating to a “buy” rating and raised their price objective for the company from $106.93 to $130.00 in a report on Monday, August 8th. Sanford C. Bernstein reiterated a “sell” rating on shares of Monsanto in a report on Thursday, September 15th. Finally, BMO Capital Markets set a $128.00 price objective on shares of Monsanto and gave the company a “buy” rating in a report on Thursday, September 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $114.65.
The company has a 50 day moving average price of $101.15 and a 200-day moving average price of $103.51. The firm has a market cap of $44.33 billion, a P/E ratio of 33.87 and a beta of 1.01.
Monsanto (NYSE:MON) last issued its quarterly earnings results on Wednesday, October 5th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.09. The company had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Monsanto had a return on equity of 46.07% and a net margin of 9.89%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.19) earnings per share. On average, equities analysts predict that Monsanto Co. will post $4.73 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. WFG Advisors LP boosted its stake in shares of Monsanto by 18.6% in the second quarter. WFG Advisors LP now owns 1,009 shares of the company’s stock valued at $104,000 after buying an additional 158 shares during the last quarter. Signaturefd LLC boosted its stake in Monsanto by 62.1% in the second quarter. Signaturefd LLC now owns 1,083 shares of the company’s stock worth $112,000 after buying an additional 415 shares in the last quarter. Mycio Wealth Partners LLC boosted its stake in Monsanto by 1.1% in the second quarter. Mycio Wealth Partners LLC now owns 1,094 shares of the company’s stock worth $113,000 after buying an additional 12 shares in the last quarter. Pinkerton Retirement Specialists LLC boosted its stake in Monsanto by 1,179.1% in the second quarter. Pinkerton Retirement Specialists LLC now owns 1,100 shares of the company’s stock worth $114,000 after buying an additional 1,014 shares in the last quarter. Finally, Enterprise Financial Services Corp boosted its stake in Monsanto by 4.5% in the second quarter. Enterprise Financial Services Corp now owns 1,335 shares of the company’s stock worth $138,000 after buying an additional 57 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.
Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and precision agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.
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