Monsanto Reports Steady 2Q Earnings; We Maintain Our $128 FVE
Wide-moat Monsanto reported decent second-quarter earnings, as lower corn seed volumes were offset by growth in all other segments. Soybean gross profit increased 7% year on year to $672 million, driven by the company’s Roundup Ready 2 platform. Intacta RR2 Pro soybeans in South America reached our forecast 60 million planted acres, while the Roundup Ready 2 Xtend soybean remains on track to hit our 40 million planted-acre forecast in North America. With no changes to our long-term outlook, we m...Monsanto, along with its subsidiaries, is a provider of agricultural products for farmers. The company has two business segments: Seeds and Genomics, and Agricultural Productivity. Through its Seeds and Genomics segment, the company produces seed brands, including DEKALB, Asgrow, Deltapine, Seminis and De Ruiter, and the company develops biotechnology traits that assist farmers in controlling insects and weeds. The company also provides other seed companies with technology and genetic material for their seed brands. Through its Agricultural Productivity segment, the company manufactures Roundup brand herbicides and other herbicides and provides lawn-and-garden herbicide products for the residential market.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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