Archer Daniels Midland Company (ADM) : Centurylink Investment Management Co reduced its stake in Archer Daniels Midland Company by 11.48% during the most recent quarter end. The investment management company now holds a total of 41,657 shares of Archer Daniels Midland Company which is valued at $1,763,757 after selling 5,404 shares in Archer Daniels Midland Company , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Archer Daniels Midland Company makes up approximately 0.61% of Centurylink Investment Management Co’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. Searle added ADM to its portfolio by purchasing 9,970 company shares during the most recent quarter which is valued at $431,402. Archer Daniels Midland Company makes up approx 0.37% of Searle’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.