Penn Davis Mcfarland Inc Lowers stake in Monsanto Company (MON)

Monsanto Company (MON) : Penn Davis Mcfarland Inc reduced its stake in Monsanto Company by 13.67% during the most recent quarter end. The investment management company now holds a total of 173,254 shares of Monsanto Company which is valued at $18,441,156 after selling 27,437 shares in Monsanto Company , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Monsanto Company makes up approximately 4.85% of Penn Davis Mcfarland Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in MON by selling 187 shares or 0.63% in the most recent quarter. The Hedge Fund company now holds 29,687 shares of MON which is valued at $3,002,246. Monsanto Company makes up approx 0.09% of Capstone Asset Management Co’s portfolio.Ct Financial Advisors boosted its stake in MON in the latest quarter, The investment management firm added 205 additional shares and now holds a total of 473 shares of Monsanto Company which is valued at $48,568. Monsanto Company makes up approx 0.03% of Ct Financial Advisors’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in MON by selling 146,846 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 293,722 shares of MON which is valued at $30,159,375. Monsanto Company makes up approx 0.13% of Bnp Paribas Arbitrage Sa’s portfolio.

Monsanto Company opened for trading at $103.66 and hit $107.79 on the upside on Monday, eventually ending the session at $106.44, with a gain of 2.89% or 2.99 points. The heightened volatility saw the trading volume jump to 69,40,548 shares. Company has a market cap of $46,576 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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