Mattel, Monsanto, Nike Cheered at New Annual Stock Highs Jan. 31st
Mattel (NASDAQ:MAT): Mattel announces a dividend. The dividend will be payable on March 9, 2012, to stockholders of record on Feb. 23, 2012. The dividend is the first of four quarterly dividends the company expects to make this year, reflecting an annualized dividend of $1.24 per share, which represents an increase of 32c or 35% versus last year’s total dividends of 92c per share. The shares closed at $31.00, up $1.47 or 4.98% on the day. They have traded in a 52-week range of $22.70 to $29.75.
Monsanto Company (NYSE:MON): Fertilizer stocks were hit with a series of downgrades this morning which has weighed on the sector. Notable names such as Potash (NYSE:POT), Intrepid Potash (NYSE:IPI), and CF Industries (NYSE:CF) were all downgraded, causing a broad sell off in the fertilizer group. The following downgrades occured: Potash to Neutral from Buy at Goldman, CF Industries to Neutral from Outperform at Credit Suisse, and Intrepid Potash to Sell from Neutral at Goldman. The shares closed at $82.05, down $0.24 or 0.29% on the day. They have traded in a 52-week range of $58.89 to $82.66.
Nike (NYSE:NKE): Argus upgraded Nike and believes the company can maintain its dominant position through innovative products, its globally recognized brand, economies of scale, and rapid growth. Price target is $118. The shares closed at $103.99, up $0.6 or 0.58% on the day. They have traded in a 52-week range of $69.43 to $104.15.
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