Monsanto Moves To S&P 100

by Heather

Monsanto, (NYSE:MON) a leading agriculture business that specializes in crop seeds, biotechnology, agricultural chemicals and other products, will be recognized as an S&P 100 company.

Monsanto replaces TYCO, (NYSE:TYC) a diversified International company that sells various types of safety equipment including electronic security to breathing apparatus. TYCO is in the process of moving their operations to Switzerland, making them ineligible for the S&P indice listing.

Monsanto is headquartered in St. Louis, Missouri and has over 18,800 employees worldwide. The company developed the Roundup brand of herbicide, as well as genetically modified seeds and the bovine growth hormone.

Monsanto’s GICS ECONOMIC SECTOR is ‘materials’ and GICS SUB-INDUSTRY is ‘Fertilizers & Agricultural Chemicals’.