Halcyon Management Partners LP grew its stake in Monsanto (NYSE:MON) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 358,187 shares of the basic materials company’s stock after acquiring an additional 33,673 shares during the quarter. Monsanto comprises approximately 6.1% of Halcyon Management Partners LP’s portfolio, making the stock its 6th biggest holding. Halcyon Management Partners LP owned approximately 0.08% of Monsanto worth $41,829,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Gradient Investments LLC purchased a new position in Monsanto during the fourth quarter worth about $108,000. Americafirst Capital Management LLC acquired a new stake in shares of Monsanto in the third quarter valued at about $148,000. Truewealth LLC acquired a new stake in shares of Monsanto in the fourth quarter valued at about $163,000. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Monsanto in the fourth quarter valued at about $218,000. Finally, Bedel Financial Consulting Inc. acquired a new stake in shares of Monsanto in the fourth quarter valued at about $244,000. Institutional investors and hedge funds own 76.25% of the company’s stock.
Shares of Monsanto (NYSE MON) opened at $123.51 on Monday. The stock has a market capitalization of $54,443.31, a P/E ratio of 21.56, a P/E/G ratio of 1.77 and a beta of 0.95. Monsanto has a 1-year low of $111.92 and a 1-year high of $124.20. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 6th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Thursday, April 5th. Monsanto’s dividend payout ratio (DPR) is 39.85%.
MON has been the subject of a number of recent research reports. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Zacks Investment Research lowered Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Royal Bank of Canada restated a “hold” rating and set a $128.00 price objective on shares of Monsanto in a research note on Wednesday, November 15th. Finally, Wells Fargo & Co restated a “market perform” rating and set a $128.00 price objective (up previously from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Eleven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Monsanto currently has an average rating of “Hold” and a consensus target price of $127.30.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of Monsanto stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total transaction of $966,735.00. Following the sale, the executive vice president now owns 56,743 shares of the company’s stock, valued at approximately $6,772,277.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.
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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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