Reinhart Partners Lowers stake in Archer Daniels Midland Company (ADM)

Archer Daniels Midland Company (ADM) : Reinhart Partners reduced its stake in Archer Daniels Midland Company by 1.02% during the most recent quarter end. The investment management company now holds a total of 636,976 shares of Archer Daniels Midland Company which is valued at $27,848,591 after selling 6,550 shares in Archer Daniels Midland Company , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Archer Daniels Midland Company makes up approximately 2.68% of Reinhart Partners’s portfolio.

Other Hedge Funds, Including , Palo Capital boosted its stake in ADM in the latest quarter, The investment management firm added 22,860 additional shares and now holds a total of 36,320 shares of Archer Daniels Midland Company which is valued at $1,587,910. Archer Daniels Midland Company makes up approx 0.53% of Palo Capital’s portfolio.Davenport Co reduced its stake in ADM by selling 16,115 shares or 2.02% in the most recent quarter. The Hedge Fund company now holds 780,489 shares of ADM which is valued at $33,639,076. Archer Daniels Midland Company makes up approx 0.50% of Davenport Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ADM in the latest quarter, The investment management firm added 7,148 additional shares and now holds a total of 152,096 shares of Archer Daniels Midland Company which is valued at $6,613,134. Archer Daniels Midland Company makes up approx 0.14% of Exxonmobil Investment Management Inc Tx’s portfolio.

Archer Daniels Midland Company closed down -0.09 points or -0.21% at $43.39 with 27,05,352 shares getting traded on Wednesday. Post opening the session at $43.33, the shares hit an intraday low of $43 and an intraday high of $43.565 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Archer Daniels Midland Company reported $0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.45. The company had revenue of $14384.00 million for the quarter, compared to analysts expectations of $16851.27 million. The company’s revenue was down -17.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Archer Daniels Midland Company. 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 was Downgraded by Standpoint Research to ” Hold” on Apr 28, 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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