Procurement News Notice |
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| PNN | 9992 |
| Work Detail | Zweig Advisers scooped up 78,000 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 Aug 15, 2016. The investment management firm now holds a total of 321,000 shares of Archer Daniels Midland Company which is valued at $14,146,470.Archer Daniels Midland Company makes up approximately 2.25% of Zweig Advisers’s portfolio. Other Hedge Funds, Including , Guggenheim Capital reduced its stake in ADM by selling 188,652 shares or 9.8% in the most recent quarter. The Hedge Fund company now holds 1,736,177 shares of ADM which is valued at $76,513,320. Archer Daniels Midland Company makes up approx 0.23% of Guggenheim Capital’s portfolio.Thrivent Financial For Lutherans reduced its stake in ADM by selling 107,440 shares or 85.6% in the most recent quarter. The Hedge Fund company now holds 18,078 shares of ADM which is valued at $796,697. Seven Eight Capital added ADM to its portfolio by purchasing 10,196 company shares during the most recent quarter which is valued at $449,338. Archer Daniels Midland Company makes up approx 0.15% of Seven Eight Capital’s portfolio.Canada Pension Plan Investment Board reduced its stake in ADM by selling 29,600 shares or 5.75% in the most recent quarter. The Hedge Fund company now holds 485,030 shares of ADM which is valued at $21,375,272. Archer Daniels Midland Company makes up approx 0.08% of Canada Pension Plan Investment Board’s portfolio.Blackrock Japan Ltd boosted its stake in ADM in the latest quarter, The investment management firm added 61,904 additional shares and now holds a total of 878,970 shares of Archer Daniels Midland Company which is valued at $38,736,208. Archer Daniels Midland Company makes up approx 0.13% of Blackrock Japan Ltd’s portfolio. Archer Daniels Midland Company closed down -0.62 points or -1.42% at $43.14 with 22,74,913 shares getting traded on Thursday. Post opening the session at $43.68, the shares hit an intraday low of $42.915 and an intraday high of $43.76 and the price fluctuated in this range throughout the day.Shares ended Thursday 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 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. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.tradecalls.org/2016/09/zweig-advisers-buys-14146470-stake-in-archer-daniels-midland-company-adm-384615/ |
