Traders Purchase Large Volume of Monsanto Put Options (MON)

Monsanto Company (NYSE:MON) was the recipient of some unusual options trading activity on Monday. Investors purchased 175,773 put options on the stock. This represents an increase of 1,734% compared to the typical daily volume of 9,583 put options.

Monsanto (NYSE MON) opened at $118.09 on Thursday. The company has a market cap of $51,824.75, a PE ratio of 21.29, a P/E/G ratio of 1.69 and a beta of 1.04. Monsanto has a fifty-two week low of $104.08 and a fifty-two week high of $122.79. The company has a current ratio of 1.35, a quick ratio of 0.83 and a debt-to-equity ratio of 1.12.

Monsanto (NYSE:MON) last issued its earnings results on Wednesday, October 4th. The basic materials company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.41) by $0.61. The business had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.51 billion. Monsanto had a net margin of 15.44% and a return on equity of 42.40%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. equities analysts predict that Monsanto will post 5.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.16 dividend on an annualized basis and a yield of 1.83%. Monsanto’s dividend payout ratio is currently 42.27%.

In other news, VP Duraiswami Narain sold 2,860 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.00, for a total transaction of $343,200.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brett D. Begemann sold 22,640 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $120.03, for a total transaction of $2,717,479.20. Following the sale, the chief operating officer now owns 85,439 shares in the company, valued at $10,255,243.17. The disclosure for this sale can be found here. Insiders have sold a total of 49,236 shares of company stock worth $5,931,934 over the last 90 days. Corporate insiders own 0.79% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Enterprise Financial Services Corp grew its stake in Monsanto by 1.2% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,384 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 16 shares in the last quarter. Forward Management LLC grew its stake in Monsanto by 0.5% in the 2nd quarter. Forward Management LLC now owns 3,201 shares of the basic materials company’s stock worth $379,000 after acquiring an additional 16 shares in the last quarter. Lee Financial Co grew its stake in Monsanto by 0.3% in the 2nd quarter. Lee Financial Co now owns 6,067 shares of the basic materials company’s stock worth $718,000 after acquiring an additional 17 shares in the last quarter. Savant Capital LLC grew its stake in Monsanto by 0.6% in the 2nd quarter. Savant Capital LLC now owns 3,102 shares of the basic materials company’s stock worth $367,000 after acquiring an additional 20 shares in the last quarter. Finally, MAI Capital Management grew its stake in Monsanto by 0.8% in the 2nd quarter. MAI Capital Management now owns 2,980 shares of the basic materials company’s stock worth $353,000 after acquiring an additional 24 shares in the last quarter. Institutional investors and hedge funds own 75.70% of the company’s stock.

MON has been the topic of several recent research reports. UBS cut shares of Monsanto from a “buy” rating to a “neutral” rating and set a $128.00 target price on the stock. in a research report on Friday, August 18th. BidaskClub upgraded shares of Monsanto from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Zacks Investment Research upgraded shares of Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target on the stock in a report on Tuesday, August 29th. BMO Capital Markets reiterated a “buy” rating and set a $128.00 price target on shares of Monsanto in a report on Friday, September 1st. Finally, Jefferies Group reiterated a “hold” rating and set a $128.00 price target on shares of Monsanto in a report on Friday, September 15th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $124.61.

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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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