Argus downgraded shares of Monsanto (NYSE:MON) from a buy rating to a sell rating in a research report released on Monday, Marketbeat Ratings reports.
A number of other research firms also recently issued reports on MON. BMO Capital Markets downgraded shares of Monsanto from an outperform rating to a market perform rating in a research report on Tuesday, April 10th. ValuEngine upgraded shares of Monsanto from a hold rating to a buy rating in a research report on Monday, April 9th. Wells Fargo restated a market perform rating and issued a $128.00 price target (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Deutsche Bank restated a buy rating on shares of Monsanto in a research report on Tuesday, January 16th. Finally, Sanford C. Bernstein restated a neutral rating and issued a $119.00 price target on shares of Monsanto in a research report on Monday, April 9th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. Monsanto presently has a consensus rating of Hold and a consensus target price of $126.61.
NYSE MON opened at $124.60 on Monday. Monsanto has a 12 month low of $114.19 and a 12 month high of $126.80. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.85 and a current ratio of 1.41. The firm has a market cap of $55,298.46, a price-to-earnings ratio of 22.65, a P/E/G ratio of 2.10 and a beta of 0.96.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 annualized dividend and a yield of 1.73%. Monsanto’s dividend payout ratio is presently 39.27%.
A number of large investors have recently modified their holdings of the stock. York Capital Management Global Advisors LLC lifted its position in Monsanto by 14.8% in the 4th quarter. York Capital Management Global Advisors LLC now owns 6,059,514 shares of the basic materials company’s stock valued at $707,630,000 after purchasing an additional 781,259 shares during the last quarter. Geode Capital Management LLC lifted its position in Monsanto by 13.5% in the 4th quarter. Geode Capital Management LLC now owns 4,840,855 shares of the basic materials company’s stock valued at $564,174,000 after purchasing an additional 575,084 shares during the last quarter. Renaissance Technologies LLC increased its stake in Monsanto by 30.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,881,300 shares of the basic materials company’s stock valued at $336,478,000 after buying an additional 675,700 shares during the period. Swiss National Bank increased its stake in Monsanto by 2.6% during the 4th quarter. Swiss National Bank now owns 1,954,666 shares of the basic materials company’s stock valued at $228,266,000 after buying an additional 49,700 shares during the period. Finally, Alpine Associates Management Inc. increased its stake in Monsanto by 12.1% during the 4th quarter. Alpine Associates Management Inc. now owns 1,865,740 shares of the basic materials company’s stock valued at $217,882,000 after buying an additional 202,054 shares during the period. Hedge funds and other institutional investors own 76.26% of the company’s stock.
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Monsanto Company Profile
Monsanto Company, together with its subsidiaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, including corn, soybean, cotton, and canola seeds under the DEKALB, Asgrow, and Deltapine brands; and vegetable seeds, such as tomato, pepper, melon, cucumber, squash, beans, broccoli, onions, lettuce, and others under the Seminis and De Ruiter brands.
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