Warren Buffett’s Berkshire Hathaway buys stake in Monsanto

Berkshire Hathaway, the holding company controlled by billionaire Warren Buffett, has revealed a new stake in Creve Coeur-based Monsanto.

Berkshire acquired 8,041,784 Monsanto shares in the fourth quarter of 2016, according to a filing with the Securities and Exchange Commission.

The shares were valued at $846.1 million, according to the filing. That’s $105.21 per share.

Monsanto shares closed Tuesday at $107.63.

Investors like to look at Berkshire’s investments because of Buffett’s remarkably successful track record although the filing doesn’t make clear who made all the investments.

Read more: St. Louis Post-Dispatch

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students