Monsanto (MON) Stake Boosted by California Public Employees Retirement System

California Public Employees Retirement System lifted its holdings in Monsanto (NYSE:MON) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,220,530 shares of the basic materials company’s stock after buying an additional 20,798 shares during the quarter. California Public Employees Retirement System’s holdings in Monsanto were worth $142,533,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Monsanto by 230.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,076 shares of the basic materials company’s stock worth $128,000 after buying an additional 750 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of Monsanto in the third quarter worth about $148,000. S&CO Inc. purchased a new stake in shares of Monsanto in the third quarter worth about $216,000. McKinley Carter Wealth Services Inc. purchased a new stake in shares of Monsanto in the fourth quarter worth about $218,000. Finally, Corundum Group Inc. purchased a new stake in shares of Monsanto in the third quarter worth about $228,000. 75.62% of the stock is owned by hedge funds and other institutional investors.

In other Monsanto news, EVP Steven Mizell sold 8,100 shares of the company’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 transaction of $966,735.00. Following the sale, the executive vice president now directly owns 56,743 shares in the company, valued at $6,772,277.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.79% of the company’s stock.

Shares of Monsanto (MON) opened at $119.08 on Friday. Monsanto has a 52-week low of $106.97 and a 52-week high of $123.15. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.79 and a current ratio of 1.28. The stock has a market capitalization of $52,500.00, a P/E ratio of 22.01, a price-to-earnings-growth ratio of 1.71 and a beta of 1.01.

Monsanto (NYSE:MON) last issued its quarterly earnings data on Thursday, January 4th. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.01). Monsanto had a net margin of 16.38% and a return on equity of 40.13%. The company had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.77 billion. During the same quarter last year, the company earned $0.21 earnings per share. The company’s revenue for the quarter 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 business 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 dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $2.16 dividend on an annualized basis and a yield of 1.81%. Monsanto’s dividend payout ratio (DPR) is presently 39.93%.

A number of equities research analysts recently commented on the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $128.00 target price (up from $118.00) on shares of Monsanto in a research report on Wednesday, January 17th. Deutsche Bank reiterated a “buy” rating on shares of Monsanto in a research report on Tuesday, January 16th. Zacks Investment Research downgraded Monsanto from a “buy” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $128.00 target price on shares of Monsanto in a research report on Wednesday, November 15th. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Monsanto has an average 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.

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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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