Archer Daniels Midland Company (ADM) : Exxonmobil Investment Management Inc Tx reduced its stake in Archer Daniels Midland Company by 2.33% during the most recent quarter end. The investment management company now holds a total of 148,545 shares of Archer Daniels Midland Company which is valued at $6,335,444 after selling 3,551 shares in Archer Daniels Midland Company , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Archer Daniels Midland Company makes up approximately 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.
Other Hedge Funds, Including , Simplex Trading sold out all of its stake in ADM during the most recent quarter. The investment firm sold 23,494 shares of ADM which is valued $1,002,019.Chevy Chase Trust Holdings boosted its stake in ADM in the latest quarter, The investment management firm added 16,972 additional shares and now holds a total of 649,400 shares of Archer Daniels Midland Company which is valued at $28,099,538. Archer Daniels Midland Company makes up approx 0.15% of Chevy Chase Trust Holdings’s portfolio. Hefty Wealth Partners added ADM to its portfolio by purchasing 1,073 company shares during the most recent quarter which is valued at $46,429. Archer Daniels Midland Company makes up approx 0.04% of Hefty Wealth Partners’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.Eqis Capital Management boosted its stake in ADM in the latest quarter, The investment management firm added 144 additional shares and now holds a total of 5,964 shares of Archer Daniels Midland Company which is valued at $258,062. Archer Daniels Midland Company makes up approx 0.02% of Eqis Capital Management’s portfolio.
Archer Daniels Midland Company closed down -0.51 points or -1.18% at $42.65 with 17,82,482 shares getting traded on Friday. Post opening the session at $43.2, the shares hit an intraday low of $42.485 and an intraday high of $43.2599 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 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.