Traders Purchase Large Volume of Monsanto Call Options (MON)
Shares of Monsanto (NYSE:MON) saw some unusual options trading activity on Tuesday. Investors bought 37,104 call options on the stock, American Banking and Market News reports. This represents an increase of approximately 911% compared to the average volume of 3,669 call options.
MON has been the subject of a number of recent research reports. 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 assigned a buy rating to the stock. Monsanto has a consensus rating of “Hold” and an average target price of $119.89.
Monsanto (NYSE:MON) traded down 2.11% on Tuesday, hitting $113.24. 5,645,249 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 has a 50-day moving average of $113. and a 200-day moving average of $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. Shareholders 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.
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