Fairfield Bush buys $12.4 Million stake in Archer Daniels Midland Company (ADM)

Archer Daniels Midland Company (ADM) : Fairfield Bush scooped up 410 additional shares in Archer Daniels Midland Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 330,822 shares of Archer Daniels Midland Company which is valued at $12.4 Million.Archer Daniels Midland Company makes up approximately 4.48% of Fairfield Bush’s portfolio.

Other Hedge Funds, Including , Stevens First Principles Investment Advisors boosted its stake in ADM in the latest quarter, The investment management firm added 3,280 additional shares and now holds a total of 117,497 shares of Archer Daniels Midland Company which is valued at $4.4 Million. Archer Daniels Midland Company makes up approx 3.52% of Stevens First Principles Investment Advisors’s portfolio. Great Lakes Advisors added ADM to its portfolio by purchasing 7,907 company shares during the most recent quarter which is valued at $297,540. Archer Daniels Midland Company makes up approx 0.01% of Great Lakes Advisors’s portfolio.Bbva Compass Bancshares Inc reduced its stake in ADM by selling 1,847 shares or 22.39% in the most recent quarter. The Hedge Fund company now holds 6,401 shares of ADM which is valued at $244,518. Archer Daniels Midland Company makes up approx 0.02% of Bbva Compass Bancshares Inc’s portfolio.Municipal Employees’ Retirement System Of Michigan reduced its stake in ADM by selling 50 shares or 0.21% in the most recent quarter. The Hedge Fund company now holds 24,240 shares of ADM which is valued at $925,968. Archer Daniels Midland Company makes up approx 0.06% of Municipal Employees’ Retirement System Of Michigan’s portfolio. United Bank Va added ADM to its portfolio by purchasing 17,820 company shares during the most recent quarter which is valued at $711,731. Archer Daniels Midland Company makes up approx 0.72% of United Bank Va’s portfolio.

Archer Daniels Midland Company opened for trading at $42.29 and hit $42.73 on the upside on Wednesday, eventually ending the session at $42.48, with a gain of 1.02% or 0.43 points. The heightened volatility saw the trading volume jump to 40,10,675 shares. Company has a market cap of $24,960 M.

On the company’s financial health, Archer Daniels Midland Company reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.45. The company had revenue of $14384.00 million for the quarter, compared to analysts expectations of $16851.27 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Upgraded by Citigroup to ” Buy” on May 26, 2016. Archer Daniels Midland Company was Downgraded by Standpoint Research to ” Hold” on Apr 28, 2016. Archer Daniels Midland Company was Upgraded by JP Morgan to ” Neutral” on Apr 22, 2016.

Archer-Daniels-Midland Company is a processor of oilseeds corn wheat cocoa and other agricultural commodities and manufactures protein meal vegetable oil corn sweeteners flour biodiesel ethanol and other value-added food and feed ingredients. The Company’s segments include Oilseeds Processing Corn Processing Agricultural Services and Wild Flavors and Specialty Ingredients. The Corn Processing segment is engaged in corn wet milling and dry milling activities. The Agricultural Services segment utilizes its United States grain elevator global transportation network and port operations to buy store clean and transport agricultural commodities such as oilseeds corn wheat milo oats rice and barley and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry. Wild Flavors’ products include flavors colors sweeteners and health ingredients as well as ready-to-market concepts and complete solutions.

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