Groesbeck Investment Management Corp Nj buys $3,662,217 stake in Archer Daniels Midland Company (ADM)

Archer Daniels Midland Company (ADM) : Groesbeck Investment Management Corp Nj scooped up 6,100 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 Aug 12, 2016. The investment management firm now holds a total of 83,100 shares of Archer Daniels Midland Company which is valued at $3,662,217.Archer Daniels Midland Company makes up approximately 2.54% of Groesbeck Investment Management Corp Nj’s portfolio.

Other Hedge Funds, Including , Nomura Asset Management Co Ltd reduced its stake in ADM by selling 1,200 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 94,890 shares of ADM which is valued at $4,181,802. Archer Daniels Midland Company makes up approx 0.07% of Nomura Asset Management Co Ltd’s portfolio. Quantbot Technologies Lp added ADM to its portfolio by purchasing 6,908 company shares during the most recent quarter which is valued at $303,468. Archer Daniels Midland Company makes up approx 0.03% of Quantbot Technologies Lp’s portfolio. Chicago Equity Partners sold out all of its stake in ADM during the most recent quarter. The investment firm sold 63,210 shares of ADM which is valued $2,849,507.Meeder Asset Management Inc reduced its stake in ADM by selling 1,749 shares or 5.07% in the most recent quarter. The Hedge Fund company now holds 32,731 shares of ADM which is valued at $1,430,999. Archer Daniels Midland Company makes up approx 0.13% of Meeder Asset Management Inc’s portfolio.

Archer Daniels Midland Company opened for trading at $42.61 and hit $43.01 on the upside on Monday, eventually ending the session at $42.84, with a gain of 1.06% or 0.45 points. The heightened volatility saw the trading volume jump to 17,35,404 shares. Company has a market cap of $24,923 M.

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 was Initiated by BB&T Capital Mkts to “Hold” on Jul 12, 2016. Archer Daniels Midland Company was Upgraded by Citigroup to ” Buy” on May 26, 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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