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 11.78% during the most recent quarter end. The investment management company now holds a total of 451,991 shares of Monsanto Company which is valued at $48,250,039 after selling 60,340 shares in Monsanto Company , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Monsanto Company makes up approximately 10.43% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Destination Wealth Management boosted its stake in MON in the latest quarter, The investment management firm added 21,380 additional shares and now holds a total of 72,219 shares of Monsanto Company which is valued at $7,709,378. Monsanto Company makes up approx 0.62% of Destination Wealth Management’s portfolio.First Quadrant L Pca boosted its stake in MON in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 2,000 shares of Monsanto Company which is valued at $213,520.Marathon Asset Management Llp boosted its stake in MON in the latest quarter, The investment management firm added 8,796 additional shares and now holds a total of 481,456 shares of Monsanto Company which is valued at $51,246,177. Monsanto Company makes up approx 1.06% of Marathon Asset Management Llp’s portfolio.

Monsanto Company opened for trading at $106.09 and hit $107.07 on the upside on Friday, eventually ending the session at $106.77, with a gain of 0.61% or 0.65 points. The heightened volatility saw the trading volume jump to 19,61,914 shares. Company has a market cap of $46,720 M.

On the company’s financial health, Monsanto Company reported $2.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.23 based on the information available during the earnings call on Jun 29, 2016. Analyst had a consensus of $2.40. The company had revenue of $4189.00 million for the quarter, compared to analysts expectations of $4487.57 million. The company’s revenue was down -8.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.39 EPS.

Many Wall Street Analysts have commented on Monsanto Company. Monsanto Company was Upgraded by Jefferies to ” Buy” on May 25, 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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