Archer Daniels Midland Company (ADM) : Weaver C. Barksdale Associates scooped up 1,809 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 Oct 12, 2016. The investment management firm now holds a total of 19,977 shares of Archer Daniels Midland Company which is valued at $845,826.Archer Daniels Midland Company makes up approximately 1.45% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Hexavest reduced its stake in ADM by selling 1,124,790 shares or 96.27% in the most recent quarter. The Hedge Fund company now holds 43,640 shares of ADM which is valued at $1,847,718. Archer Daniels Midland Company makes up approx 0.03% of Hexavest’s portfolio.Independent Portfolio Consultants reduced its stake in ADM by selling 155 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 3,900 shares of ADM which is valued at $168,753. Archer Daniels Midland Company makes up approx 0.05% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ADM by selling 363,833 shares or 79.14% in the most recent quarter. The Hedge Fund company now holds 95,880 shares of ADM which is valued at $4,148,728. Archer Daniels Midland Company makes up approx 0.02% of Bnp Paribas Arbitrage Sa’s portfolio.Kempner Capital Management reduced its stake in ADM by selling 13,600 shares or 33.05% in the most recent quarter. The Hedge Fund company now holds 27,548 shares of ADM which is valued at $1,192,002. Archer Daniels Midland Company makes up approx 0.82% of Kempner Capital Management’s portfolio.
Archer Daniels Midland Company closed down -0.93 points or -2.15% at $42.34 with 23,16,559 shares getting traded on Tuesday. Post opening the session at $43.17, the shares hit an intraday low of $42.07 and an intraday high of $43.28 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Archer Daniels Midland Company reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.45. The company had revenue of $15629.00 million for the quarter, compared to analysts expectations of $16806.97 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.60 EPS.
Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Upgraded by Argus to ” Buy” on Aug 4, 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 Companys 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.