Sg Americas Securities buys $67.8 Million stake in Monsanto Company (MON)

Monsanto Company (MON) : Sg Americas Securities scooped up 662,444 additional shares in Monsanto Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 678,325 shares of Monsanto Company which is valued at $67.8 Million.Monsanto Company makes up approximately 0.54% of Sg Americas Securities’s portfolio.

Other Hedge Funds, Including , Omers Administration Corp boosted its stake in MON in the latest quarter, The investment management firm added 43,100 additional shares and now holds a total of 679,300 shares of Monsanto Company which is valued at $67.9 Million. Monsanto Company makes up approx 1.55% of Omers Administration Corp’s portfolio.Institutional Capital reduced its stake in MON by selling 751,994 shares or 17.21% in the most recent quarter. The Hedge Fund company now holds 3,617,888 shares of MON which is valued at $361.6 Million. Monsanto Company makes up approx 3.86% of Institutional Capital’s portfolio.Fulton Breakefield Broenniman reduced its stake in MON by selling 715 shares or 3.1% in the most recent quarter. The Hedge Fund company now holds 22,329 shares of MON which is valued at $2 Million. Monsanto Company makes up approx 0.45% of Fulton Breakefield Broenniman’s portfolio.Mizuho Trust Banking Ltd. reduced its stake in MON by selling 12,184 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 712,607 shares of MON which is valued at $66.8 Million. Monsanto Company makes up approx 0.21% of Mizuho Trust Banking Ltd.’s portfolio.

Monsanto Company opened for trading at $99.95 and hit $102.9 on the upside on Friday, eventually ending the session at $101.52, with a gain of 0.96% or 0.97 points. The heightened volatility saw the trading volume jump to 37,04,135 shares. Company has a market cap of $44,349 M.

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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