Interocean Capital Lowers stake in Archer Daniels Midland Company (ADM)

Archer Daniels Midland Company (ADM) : Interocean Capital reduced its stake in Archer Daniels Midland Company by 1.31% during the most recent quarter end. The investment management company now holds a total of 15,040 shares of Archer Daniels Midland Company which is valued at $644,915 after selling 200 shares in Archer Daniels Midland Company , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Archer Daniels Midland Company makes up approximately 0.15% of Interocean Capital’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in ADM in the latest quarter, The investment management firm added 32,658 additional shares and now holds a total of 52,499 shares of Archer Daniels Midland Company which is valued at $2,470,078. Archer Daniels Midland Company makes up approx 0.03% of Sg Americas Securities’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in ADM by selling 3,853 shares or 3.12% in the most recent quarter. The Hedge Fund company now holds 119,612 shares of ADM which is valued at $5,652,863. Archer Daniels Midland Company makes up approx 0.05% of Public Employees Retirement Association Of Colorado’s portfolio.Delta Capital Management reduced its stake in ADM by selling 670 shares or 1.27% in the most recent quarter. The Hedge Fund company now holds 52,195 shares of ADM which is valued at $2,218,809. Archer Daniels Midland Company makes up approx 1.64% of Delta Capital Management’s portfolio.Wealthtrust-arizona boosted its stake in ADM in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 196 shares of Archer Daniels Midland Company which is valued at $8,267. Archer Daniels Midland Company makes up approx 0.01% of Wealthtrust-arizona’s portfolio.

Archer Daniels Midland Company opened for trading at $42.92 and hit $43.61 on the upside on Monday, eventually ending the session at $43.49, with a gain of 1.14% or 0.49 points. The heightened volatility saw the trading volume jump to 32,89,861 shares. Company has a market cap of $25,024 M.

On the company’s financial health, Archer Daniels Midland Company reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Nov 1, 2016. Analyst had a consensus of $0.46. The company had revenue of $15832.00 million for the quarter, compared to analysts expectations of $16281.99 million. The company’s revenue was down -4.4 % 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 Downgraded by JP Morgan to ” Underweight” on Nov 11, 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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