Mechanics Bank Trust Department Buys Shares of 9,729 Monsanto (MON)

Mechanics Bank Trust Department acquired a new position in shares of Monsanto (NYSE:MON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,729 shares of the basic materials company’s stock, valued at approximately $1,136,000.

Several other large investors have also added to or reduced their stakes in MON. Thrivent Financial For Lutherans increased its position in shares of Monsanto by 2.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 16,628 shares of the basic materials company’s stock worth $1,968,000 after purchasing an additional 371 shares in the last quarter. GSA Capital Partners LLP increased its position in Monsanto by 34.9% in the 2nd quarter. GSA Capital Partners LLP now owns 5,610 shares of the basic materials company’s stock valued at $664,000 after acquiring an additional 1,451 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Monsanto by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 991,252 shares of the basic materials company’s stock valued at $117,323,000 after acquiring an additional 3,882 shares in the last quarter. QS Investors LLC increased its position in Monsanto by 6.1% in the 2nd quarter. QS Investors LLC now owns 14,449 shares of the basic materials company’s stock valued at $1,710,000 after acquiring an additional 826 shares in the last quarter. Finally, Employees Retirement System of Texas increased its position in Monsanto by 15.5% in the 2nd quarter. Employees Retirement System of Texas now owns 119,000 shares of the basic materials company’s stock valued at $14,085,000 after acquiring an additional 16,000 shares in the last quarter. 74.62% of the stock is owned by institutional investors.

In related news, EVP Steven Mizell sold 8,100 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $119.35, for a total transaction of $966,735.00. Following the completion of the sale, the executive vice president now owns 56,743 shares of the company’s stock, valued at $6,772,277.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.70% of the company’s stock.

Monsanto (MON) opened at $120.44 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.28 and a quick ratio of 0.79. Monsanto has a fifty-two week low of $106.97 and a fifty-two week high of $123.15. The company has a market cap of $53,100.00, a price-to-earnings ratio of 22.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01.

Monsanto (NYSE:MON) last released its quarterly earnings results on Thursday, January 4th. The basic materials company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the company posted $0.21 earnings per share. The company’s revenue was up .3% on a year-over-year basis. equities research analysts predict that Monsanto will post 5.76 EPS for the current year.

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 dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 annualized dividend and a yield of 1.79%. Monsanto’s dividend payout ratio is 39.93%.

MON has been the subject of several analyst reports. Zacks Investment Research lowered shares of Monsanto from a “buy” rating to a “hold” rating in a research note on Monday, December 11th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $128.00 price target on shares of Monsanto in a research note on Wednesday, November 15th. Deutsche Bank reissued a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $128.00 price objective (up previously from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Eleven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Monsanto currently has a consensus rating of “Hold” and a consensus price target of $127.30.

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Monsanto 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.

Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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