Stock Traders Purchase Large Volume of Monsanto Put Options (MON)
Monsanto (NYSE:MON) was the target of unusually large options trading on Tuesday. Stock investors acquired 10,989 put options on the company, Analyst Ratings Net reports. This is an increase of approximately 517% compared to the average daily volume of 1,780 put options.
A number of research firms have recently commented on MON. Analysts at Topeka Capital Markets downgraded shares of Monsanto from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $127.00 price target on the stock, up previously from $120.50. They noted that the move was a valuation call. Separately, analysts at Morgan Stanley raised their price target on shares of Monsanto to $150.00 in a research note to investors on Monday. Finally, analysts at Susquehanna raised their price target on shares of Monsanto from $128.00 to $145.00 in a research note to investors on Monday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $119.89.
Monsanto (NYSE:MON) traded down 2.11% during mid-day trading on Tuesday, hitting $113.24. 5,645,649 shares of the company’s stock traded hands. Monsanto has a 1-year low of $94.00 and a 1-year high of $117.50. The stock’s 50-day moving average is $113. and its 200-day moving average is $104.9. The company has a market cap of $59.546 billion and a P/E ratio of 25.15.
The company also recently announced a quarterly dividend, which is scheduled for Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of 0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, January 8th.
Monsanto Company (NYSE:MON), along with its subsidiaries, is a provider of agricultural products for farmers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.