Archer Daniels Midland Company (ADM) : Bank Pictet Cie (asia) Ltd added new position in Archer Daniels Midland Company during the most recent quarter end. The investment management firm now holds 9,000 shares of Archer Daniels Midland Company which is valued at $396,630 , the company said in a statement filed on Aug 10, 2016 with the SEC.Archer Daniels Midland Company makes up approximately 0.24% of Bank Pictet Cie (asia) Ltd’s portfolio.
Other Hedge Funds, Including , Matarin Capital Management added ADM to its portfolio by purchasing 5,000 company shares during the most recent quarter which is valued at $220,350. Archer Daniels Midland Company makes up approx 0.03% of Matarin Capital Management’s portfolio.Global X Management Co boosted its stake in ADM in the latest quarter, The investment management firm added 349 additional shares and now holds a total of 1,552 shares of Archer Daniels Midland Company which is valued at $68,179.Wesbanco Bank Inc boosted its stake in ADM in the latest quarter, The investment management firm added 1,314 additional shares and now holds a total of 10,449 shares of Archer Daniels Midland Company which is valued at $459,025. Archer Daniels Midland Company makes up approx 0.03% of Wesbanco Bank Inc’s portfolio.Teacher Retirement System Of Texas reduced its stake in ADM by selling 86,207 shares or 38.98% in the most recent quarter. The Hedge Fund company now holds 134,971 shares of ADM which is valued at $6,008,909. Archer Daniels Midland Company makes up approx 0.04% of Teacher Retirement System Of Texas’s portfolio.
Archer Daniels Midland Company closed down -0.09 points or -0.21% at $43.48 with 21,20,395 shares getting traded on Friday. Post opening the session at $43.4, the shares hit an intraday low of $43.17 and an intraday high of $43.635 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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 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.