Trinity Street Asset Management Llp Lowers stake in Monsanto Company (MON)

Monsanto Company (MON) : Trinity Street Asset Management Llp reduced its stake in Monsanto Company by 14.32% during the most recent quarter end. The investment management company now holds a total of 512,331 shares of Monsanto Company which is valued at $45,274,690 after selling 85,630 shares in Monsanto Company , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Monsanto Company makes up approximately 9.17% of Trinity Street Asset Management Llp’s portfolio.

Monsanto Company opened for trading at $88.3 and hit $89.305 on the upside on Monday, eventually ending the session at $88.96, with a gain of 0.67% or 0.59 points. The heightened volatility saw the trading volume jump to 24,87,937 shares. Company has a market cap of $38,862 M.

Other Hedge Funds, Including , Osborn Rohs Williams Donohoe Ltd reduced its stake in MON by selling 316 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 11,712 shares of MON which is valued at $1,034,989. Monsanto Company makes up approx 0.21% of Osborn Rohs Williams Donohoe Ltd’s portfolio.Creative Planning reduced its stake in MON by selling 1,047 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 17,743 shares of MON which is valued at $1,539,560. Monsanto Company makes up approx 0.01% of Creative Planning’s portfolio.

On the company’s financial health, Monsanto Company reported $2.42 EPS for the quarter, based on the information available during the earnings call on Apr 6, 2016. Analyst had a consensus estimate of $2.42. The company had revenue of $4532.00 million for the quarter, compared to analysts expectations of $4734.36 million. The company’s revenue was down -12.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.90 EPS.

Many Wall Street Analysts have commented on Monsanto Company. Shares were Reiterated by Deutsche Bank on Apr 7, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $105 .Monsanto Company was Downgraded by Citigroup to ” Neutral” on Mar 14, 2016. Monsanto Company was Downgraded by Goldman to ” Sell” on Mar 4, 2016.

Monsanto Company (Monsanto) is a provider of agricultural products for farmers. The Company’s seeds biotechnology trait products and herbicides provide farmers with solutions that improve productivity reduce the costs of farming and produce better foods for consumers and better feed for animals. It manages business in two segments: Seeds and Genomics and Agricultural Productivity. Through its Seeds and Genomics segment it produces seed brands including DEKALB Asgrow Deltapine Seminis and De Ruiter and it develops biotechnology traits that assist farmers in controlling insects and weeds. Through its Agricultural Productivity segment it manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.

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