Reinhart Partners buys $25,496,500 stake in Archer Daniels Midland Company (ADM)

Archer Daniels Midland Company (ADM) : Reinhart Partners scooped up 53,932 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 Apr 18, 2016. The investment management firm now holds a total of 643,526 shares of Archer Daniels Midland Company which is valued at $25,496,500.Archer Daniels Midland Company makes up approximately 2.57% of Reinhart Partners’s portfolio.

Archer Daniels Midland Company opened for trading at $38.79 and hit $39.63 on the upside on Friday, eventually ending the session at $39.62, with a gain of 3.31% or 1.27 points. The heightened volatility saw the trading volume jump to 41,94,405 shares. Company has a market cap of $23,530 M.

Other Hedge Funds, Including , Van Cleef Asset Managementinc boosted its stake in ADM in the latest quarter, The investment management firm added 9,554 additional shares and now holds a total of 183,269 shares of Archer Daniels Midland Company which is valued at $7,261,118. Archer Daniels Midland Company makes up approx 2.54% of Van Cleef Asset Managementinc’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in ADM in the latest quarter, The investment management firm added 12,331 additional shares and now holds a total of 200,267 shares of Archer Daniels Midland Company which is valued at $7,469,959. Archer Daniels Midland Company makes up approx 0.17% of Oregon Public Employees Retirement Fund’s portfolio. Sit Investment Associates Inc sold out all of its stake in ADM during the most recent quarter. The investment firm sold 329,575 shares of ADM which is valued $12,293,148. State Of Alaska Department Of Revenue sold out all of its stake in ADM during the most recent quarter. The investment firm sold 29,790 shares of ADM which is valued $1,111,167. Vigilant Capital Management sold out all of its stake in ADM during the most recent quarter. The investment firm sold 80 shares of ADM which is valued $2,880.

On the company’s financial health, Archer Daniels Midland Company reported $0.61 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Feb 2, 2016. Analyst had a consensus of $0.64. The company had revenue of $16445.00 million for the quarter, compared to analysts expectations of $19295.37 million. The company’s revenue was down -21.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on Archer Daniels Midland Company. Archer Daniels Midland Company was Upgraded by JP Morgan to ” Neutral” on Apr 22, 2016. Archer Daniels Midland Company was Downgraded by BofA/Merrill to ” Neutral” on Mar 7, 2016. Archer Daniels Midland Company was Downgraded by Argus to ” Hold” on Feb 12, 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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