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Monsanto stock not looking good, dumped by hedge funds

Posted: August 22, 2013 |   Comments

( Constant news of harmful products and irresponsible practices has caused Monsanto tough luck with its stocks. Investors are picking up on the bad publicity and pulling hedge funds from the company.

In preparation for the third quarter, 59 hedge funds tracked by Insider Monkey held long positions in Monsanto's stock, down 6% from one quarter before.

Out of the hedge funds followed by Insider Monkey, Stephen Mandel's Lone Pine Capital held the most valuable Monsanto position at $613.3 million dollars. The second most valuable hedge fund is Andreas Halvorsen's Viking Global with $414.5 million.

Despite continuing hopefulness from such investors, other hedge funds have decided to take this opportunity to dump the controversial agricultural giant. Jeffrey Vinik's Vinik Asset Management and Sean Cullinan's Point State Capital dropped their stock for about $100.8 million and $54.7 million, respectively. Furthermore, over the past half-year, Monsanto has seen zero unique insiders purchasing and 10 insider sales.

This is important information as it gives possible clues about Monsanto's financial future, the way that it is handling its current situation, what insiders and investors expect from the company and, subsequently, the direction that it will have to take to keep its investors.

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