Ingredion Inc

Now, ~8% gave Archer Daniels Midland a “buy” rating. No analysts rated it a “sell.” The average target price for the company fell to $36.60 as of April 26.

Archer Daniels Midland fell 0.65% to close at $44.46 per share on January 10. Its weekly, monthly, and YTD price movements were -3.8%, -3.3%, and -2.6%.

Archer Daniels Midland’s (ADM) revenue fell 9% YoY (year-over-year) to $15.63 billion in 2Q16—compared to $17.19 billion in the same quarter last year.

March corn futures prices were trading near the crucial resistance level of 370 cents per bushel on January 21, 2016.

Archer-Daniels Midland (ADM) has a market cap of $19.3 billion. ADM rose by 2.6% to close at $32.45 per share as of February 12, 2016.

Bunge’s (BG) Agribusiness segment processes oilseeds into vegetable oils.

Archer Daniels Midland (ADM) is slated to report its 2Q16 results on August 2 before the market opens. The stock has gained 12% since its last quarter results.

Analysts are expecting revenue to be $10.1 billion for fiscal 1Q16. This represents a fall of 6% compared to 1Q15 revenue of $10.8 billion.

Sonoco Products reported fiscal 2Q16 net sales of ~$1.2 billion—a fall of 3.4% from net sales of ~$1.3 billion in fiscal 2Q15.

In this six-part series, we’ll go through some of the main positions Appaloosa Management traded this past quarter. Why sell Microsoft (MSFT)?

Bunge’s (BG) 1Q16 earnings were consistent with its guidance and beat earnings estimates by 78%.

Bunge started 2016 by beating earnings estimates by 78%. The adjusted EPS was ~1.41 for the first quarter—much higher than analysts’ estimates.

Around 77% of the analysts rate Archer Daniels Midland a “hold” and 23% gave it a “buy” rating. No analysts rated it as a “sell.”

In this six-part series, we’ll go through some of the main positions Appaloosa Management traded this past quarter. Why buy Ingredion Inc. (INGR)?

Ingredion (INGR) has a market cap of $9.7 billion. It rose by 0.87% to close at $134.02 per share on August 17, 2016.

Archer Daniels Midland (ADM) has a market cap of $22.4 billion. It fell by 1.7% and closed at $38.08 per share on May 5, 2016.

In fiscal 2016, Hormel Foods (HRL) reported net sales of $9.5 billion, a rise of 2.8% year-over-year.

Ingredion (INGR) reported 3Q16 net sales of $1.5 billion, which represents a rise of 3.6%, compared to $1.4 billion in 3Q15.

Ingredion rose 0.06% to close at $125.37 per share on December 20. The stock’s weekly, monthly, and YTD price movements were 0.06%, 3.7%, and 32.4%.

Campbell Soup rose 0.52% to close at $60.13 per share on December 20. The stock’s weekly, monthly, and YTD price movements were 0.23%, 10.9%, and 17.0%.

Flowers Foods (FLO) has a market cap of $4.0 billion. It rose 13.3% to close at $19.30 per share on December 9, 2016.

Ingredion (INGR) has a market cap of $8.9 billion. It rose 0.77% to close at $124.42 per share on December 9, 2016.

Ingredion (INGR) rose 0.32% to close at $129.28 per share during the third week of September 2016.

Ingredion (INGR) has a market cap of $10.1 billion. It rose by 0.51% to close at $139.64 per share on September 7, 2016.

Archer Daniels Midland Company (ADM) has a market cap of $26.0 billion. Its stock rose by 0.16% to close at $44.52 per share on August 8, 2016.

Archer Daniels Midland (ADM) reported its 2Q16 results on August 2. The stock didn’t react well to the results. It fell 2% on the same day.

One day after its 2Q16 results, Archer Daniels Midland declared a cash dividend of $0.30 per share on the company’s common stock on August 3.

Archer Daniels Midland (ADM) has a market cap of $25.7 billion. It rose by 1.1% to close at $43.93 per share on August 3, 2016.

Ingredion’s (INGR) stock price rose by 0.35% to close at $133.24 per share during the fourth week of July 2016.

Archer Daniels Midland is trading at a higher PE multiple of 15.3x over its forward 12-month EPS—compared to Bunge as of July 25, 2016.

For 2016, Archer Daniels Midland plans to balance its capital allocation framework. It advanced the strategy by selling a 50% interest in its Brazilian port in 2015.

On May 24, Bunge announced that its board of directors approved a 10.5% increase in the company’s regular quarterly common share cash dividend.

Analysts are expecting Bunge’s revenue to be ~$10.05 billion for fiscal 1Q16. This represents a fall of 7%—compared to 2Q15 revenue of $10.78 billion.

On July 15, 2016, Ingredion (INGR) closed at $132.84. It traded 15.6% above its 100-day moving average, 8.3% above its 50-day moving average, and 3.9% above its 20-day moving average.

As of July 15, 2016, Ingredion (INGR) was trading at $130.90. Analyst recommendations remained the same with an update in the target price.

A forward PE valuation multiple indicates how much an investor is willing to pay over the company’s EPS for the next four quarters. Ingredion’s valuation rose 13% since fiscal 1Q16.

Ingredion has a dividend yield of 1.3% as of July 15, 2016. Management has raised the dividend at a CAGR of 29.3% over the last five years.

Analysts are expecting Ingredion’s (INGR) adjusted EPS for 2Q16 to be $1.65 compared to $1.53 in 2Q15. That’s an increase of 8%.

Analysts are expecting Ingredion’s (INGR) revenue to be $1.4 billion for fiscal 2Q16. That would be a slight fall of 1% compared to $1.5 billion in the 2Q15.

Ingredion (INGR) is set to report its fiscal 2Q16 results before the Market opens on July 28, 2016. So far in 2016, Ingredion stock has risen 43%.

Bunge’s (BG) joint venture news with Wilmar on July 5, 2016, wasn’t too positive for its shares. It fell by 1.3% to close at $57.16 on the day.

The average target price for Bunge has risen slightly to $71.60. This represents a rise of 23% from the stock’s closing price of $58.12 on July 6, 2016.

Bunge (BG) has had the highest ESG score among its peers for the last five years.

Bunge (BG) paid $549 million to shareholders through dividends and share repurchases in 2015.

To maximize its returns, Bunge (BG) expands its operations through mergers and acquisitions, reinvests in its business, and returns value to shareholders.

Bunge (BG), a leading agribusiness and food company, believes that 2015 was a year of many milestones despite the challenging environment.

Archer Daniels Midland stock closed at $38.20 on May 6. It’s trading 7% above its 100-day, 2.5% above its 50-day, and 0.8% below its 20-day moving averages.

The Agribusiness segment accounted for 70% of Bunge’s revenue in the first quarter with $6.2 billion in sales. However, it fell 20% year-over-year.

Archer Daniels Midland opened its new flavor creation, application, and customer service facility in Cranbury, New Jersey, to meet customers’ unique demands.

Archer Daniels Midland partly funded NFS’s (National Foodworks Services) new headquarters. It’s a local food innovation center in Decatur, Illinois.

To maximize shareholder value, Archer Daniels Midland (ADM) recently entered into an agreement to sell its sugarcane ethanol operations in Brazil.

General Mills (GIS) saw retail sales improvement for the fourth consecutive quarter. The company continues to see growth in all of its categories.

Corn futures prices rose for the third consecutive trading day on March 8, 2016. It was trading near the resistance level of $3.60 per bushel on the day.

Corn futures prices rose by 1.3% during the four straight days of increasing price movement.

Bank of America Merrill Lynch has downgraded Archer-Daniels Midland’s (ADM) rating to “neutral” from “buy.” Revenues in 4Q15 were $16,445.0 million, a fall of 21.3%.

March corn prices were trading near the crucial support of $3.55 per bushel for the seventh consecutive trading day on March 4.

Corn prices for March 2016 expiry traded near the crucial support of 355 cents per bushel on March 2, 2016.

March 2016 corn futures prices were trading near the support level of 355 cents per bushel on March 3, 2016. Prices declined after two days of rising by 0.28%.

Corn prices for March 2016 expiry were trading near the support of $3.55 per bushel on February 25, 2016. The prices fell for the third trading day by 3.3%.

Archer-Daniels-Midland (ADM) fell by 3.6% to close at $34.07 per share at the end of the first week of February 2016.

ADM will report its fiscal 4Q15 and 2015 earnings on February 2. It’s expected to report revenue of $19.4 billion, falling by 6.8% compared to fiscal 4Q14.

Corn futures prices for March delivery were trading below the crucial support level of 350 cents per bushel on January 4, 2016.

Bunge Limited (BG) reported earnings of $239 million and $1.24 per share in 2Q15.

Bunge’s 3Q15 revenue fell to $10.8 billion from $13.7 billion in 3Q14, below analysts’ estimates for $12.7 billion.

On October 29, 2015, Bunge (BG) reported its third quarter results for fiscal 2015. The company’s stock is down almost 13% this year.

Bunge’s performance in the last quarter was disappointing. It reported an operating margin of $152 million in 2Q15, down by ~63% compared to 2Q14.

Bunge’s shares fell by 5% on the day of last quarter earnings release. The shares have been falling since then, trading in the range of $68–$77.

In this six-part series, we’ll go through some of the main positions Appaloosa Management traded this past quarter. Why sell Comcast Corp. (CMCSA)?