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.
COPYRIGHT VIOLATION NOTICE: This article was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/13/mechanics-bank-trust-department-invests-1-14-million-in-monsanto-mon.html.
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.
Receive News & Ratings for Monsanto Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Monsanto and related companies with MarketBeat.com's FREE daily email newsletter.