Archer Daniels Midland Company (ADM) : Prudential Plc scooped up 238,000 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 Nov 14, 2016. The investment management firm now holds a total of 3,508,600 shares of Archer Daniels Midland Company which is valued at $150,448,768.Archer Daniels Midland Company makes up approximately 0.58% of Prudential Plc’s portfolio.
Other Hedge Funds, Including , Aristotle Capital Management reduced its stake in ADM by selling 62,713 shares or 1.41% in the most recent quarter. The Hedge Fund company now holds 4,381,570 shares of ADM which is valued at $187,881,722. Archer Daniels Midland Company makes up approx 1.91% of Aristotle Capital Management’s portfolio.Lingohr Partner Asset Management Gmbh boosted its stake in ADM in the latest quarter, The investment management firm added 11,820 additional shares and now holds a total of 31,350 shares of Archer Daniels Midland Company which is valued at $1,366,547. Archer Daniels Midland Company makes up approx 1.24% of Lingohr Partner Asset Management Gmbh’s portfolio.Benjamin F. Edwards Company reduced its stake in ADM by selling 1,295 shares or 9.9% in the most recent quarter. The Hedge Fund company now holds 11,785 shares of ADM which is valued at $500,980. Archer Daniels Midland Company makes up approx 0.09% of Benjamin F. Edwards Company’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 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.