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.
ILLEGAL ACTIVITY NOTICE: “Traders Purchase Large Volume of Monsanto Put Options (MON)” was published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.thelincolnianonline.com/2017/12/14/traders-purchase-large-volume-of-monsanto-put-options-mon.html.
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.
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.