California State Teachers Retirement System decreased its stake in shares of Monsanto (NYSE:MON) by 1.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 742,284 shares of the basic materials company’s stock after selling 8,374 shares during the period. California State Teachers Retirement System owned 0.17% of Monsanto worth $86,684,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors Inc. increased its holdings in shares of Monsanto by 12.2% during the 3rd quarter. Laurel Wealth Advisors Inc. now owns 4,166 shares of the basic materials company’s stock valued at $499,000 after acquiring an additional 453 shares during the last quarter. Zions Bancorporation boosted its stake in Monsanto by 18.2% during the 3rd quarter. Zions Bancorporation now owns 3,184 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 491 shares during the period. Rothschild Investment Corp IL boosted its stake in Monsanto by 0.9% during the 4th quarter. Rothschild Investment Corp IL now owns 59,112 shares of the basic materials company’s stock valued at $6,903,000 after purchasing an additional 510 shares during the period. Dowling & Yahnke LLC boosted its stake in Monsanto by 11.8% during the 4th quarter. Dowling & Yahnke LLC now owns 4,874 shares of the basic materials company’s stock valued at $569,000 after purchasing an additional 514 shares during the period. Finally, Palladium Partners LLC boosted its stake in Monsanto by 27.8% during the 4th quarter. Palladium Partners LLC now owns 2,493 shares of the basic materials company’s stock valued at $291,000 after purchasing an additional 543 shares during the period. 76.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Monsanto (NYSE:MON) opened at $123.15 on Tuesday. The company has a quick ratio of 0.79, a current ratio of 1.28 and a debt-to-equity ratio of 1.05. Monsanto has a 52-week low of $111.92 and a 52-week high of $124.20. The company has a market capitalization of $54,280.00, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.95.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 6th will be given a $0.54 dividend. The ex-dividend date is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.75%. Monsanto’s dividend payout ratio is currently 39.93%.
In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $119.35, for a total value of $966,735.00. Following the completion of the sale, the executive vice president now owns 56,743 shares in the company, valued at approximately $6,772,277.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is currently owned by company insiders.
Several analysts recently weighed in on MON shares. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Wells Fargo & Co restated a “market perform” rating and set a $128.00 target price (up previously from $118.00) on shares of Monsanto in a research note on Wednesday, January 17th. Deutsche Bank restated a “buy” rating on shares of Monsanto in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada restated a “hold” rating and set a $128.00 target price on shares of Monsanto in a research note on Wednesday, November 15th. Eleven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $127.30.
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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