Traders Sell Monsanto (MON) on Strength After Earnings Miss

Investors sold shares of Monsanto (NYSE:MON) on strength during trading hours on Thursday following a dissappointing earnings announcement. $69.74 million flowed into the stock on the tick-up and $129.81 million flowed out of the stock on the tick-down, for a money net flow of $60.07 million out of the stock. Of all equities tracked, Monsanto had the 0th highest net out-flow for the day. Monsanto traded up $0.47 for the day and closed at $117.93The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). Monsanto had a return on equity of 42.40% and a net margin of 15.44%. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.82%. Monsanto’s dividend payout ratio (DPR) is presently 42.52%.

A number of research firms have recently weighed in on MON. Barclays reaffirmed an “equal weight” rating and set a $124.00 price target (up from $120.00) on shares of Monsanto in a research note on Thursday, October 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $128.00 price target on shares of Monsanto in a research note on Thursday, October 5th. Wells Fargo & Co upped their price target on shares of Monsanto from $107.50 to $118.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 10th. Macquarie cut shares of Monsanto from an “outperform” rating to a “neutral” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Monsanto from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a research note on Thursday, September 14th. 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 a consensus rating of “Hold” and an average price target of $126.40.

In related news, VP Nicole M. Ringenberg sold 7,890 shares of the stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $122.25, for a total value of $964,552.50. Following the sale, the vice president now directly owns 38,600 shares of the company’s stock, valued at approximately $4,718,850. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Pierre Courduroux sold 4,320 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $122.00, for a total transaction of $527,040.00. Following the completion of the sale, the chief financial officer now directly owns 48,388 shares in the company, valued at $5,903,336. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,736 shares of company stock worth $2,871,255. 0.79% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MON. Federated Investors Inc. PA boosted its stake in shares of Monsanto by 0.5% during the 2nd quarter. Federated Investors Inc. PA now owns 9,555 shares of the basic materials company’s stock worth $1,131,000 after purchasing an additional 46 shares during the last quarter. Exencial Wealth Advisors LLC boosted its stake in shares of Monsanto by 2.4% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 2,190 shares of the basic materials company’s stock worth $259,000 after purchasing an additional 51 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of Monsanto by 0.6% during the 2nd quarter. MML Investors Services LLC now owns 10,281 shares of the basic materials company’s stock worth $1,217,000 after purchasing an additional 57 shares during the last quarter. Scotia Capital Inc. boosted its stake in shares of Monsanto by 1.6% during the 2nd quarter. Scotia Capital Inc. now owns 3,765 shares of the basic materials company’s stock worth $446,000 after purchasing an additional 60 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Monsanto by 1.2% during the 2nd quarter. Synovus Financial Corp now owns 7,211 shares of the basic materials company’s stock worth $854,000 after purchasing an additional 85 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

The stock has a market cap of $52,210.00, a P/E ratio of 23.35, a PEG ratio of 1.70 and a beta of 1.04. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.35 and a quick ratio of 0.83.

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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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