Before Wednesday’s opening bell, Monsanto (MON) released its second quarter financial results. Here’s what the results mean for mutual fund investors.
Inside MON’s Results
Earnings
The company reported earnings of $1.425 billion, or $2.92 per share, down from $1.670 billion, or $3.15 per share, last year. Analysts expected to see EPS of $2.93.
Revenue
Sales dropped to $5.197 billion from $5.832 billion. Analysts expected to see revenue of $5.58 billion.
U.S. Dollar Pressures
Monsanto is one of the many companies that has seen its profits pressured by the stronger dollar. During the quarter, the company also saw lower production and a 15% decline in profits.
The stock has been mostly flat over the last year, underperfomring its peer as well as the S&P 500.
Mutual Funds To Watch
Investors interested in MON may be interested in the funds listed below. These funds currently have the largest stakes in the company.
| Symbol | Mutual Fund | Stake |
|---|---|---|
| VTSMX | Vanguard Total Stock Market | 1.75% |
| VPMCX | Vanguard PRIMECAP | 1.30% |
| VFINX | Vanguard 500 Index | 1.25% |
The Bottom Line
The funds listed above allow investors to gain exposure to MON while remaining diversified. Investors interested in MON may also be interested in DuPont (DD).
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