Shares of Coach Inc (NYSE:COH) ended Wednesday session in green amid volatile trading. The shares closed up +0.28 points or 0.77% at $36.53 with 2,309,974 shares getting traded. Post opening the session at $36.36, the shares hit an intraday low of $36.25 and an intraday high of $36.62 and the price vacillated in this range throughout the day. The company has a market cap of $10.12 billion and the numbers of outstanding shares have been calculated to be 280.31 million shares.
Coach Inc (COH) provides luxury accessories and lifestyle brands. It offers handbags, money pieces, wristlets and cosmetic cases, key rings, and charms for women; and business cases, computer bags, messenger-style bags, backpacks, totes, wallets, card cases, belts, time management, electronic accessories, and ready-to-wear for men. The company also provides footwear; seasonal lifestyle apparel collections, including outerwear and ready-to-wear, and cold weather accessories, such as gloves, scarves, and hats; jewelry consisting of bracelets, necklaces, rings, and earrings made with sterling silver, leather, and non-precious metals; sunglasses; watches; and fragrances comprising eau de perfume sprays, eau de toilette sprays, purse sprays, and body lotions.
Shares of Archer Daniels Midland Company (NYSE:ADM) ended Wednesday session in green amid volatile trading. The shares closed up +0.05 points or 0.12% at $42.39 with 1,823,783 shares getting traded. Post opening the session at $42.32, the shares hit an intraday low of $42.10 and an intraday high of $42.65 and the price vacillated in this range throughout the day. The company has a market cap of $24.13 billion and the numbers of outstanding shares have been calculated to be 581.76 million shares.
Archer Daniels Midland Company (ADM) announced that it has purchased the assets of Caterina Foods, a leading toll manufacturer of specialty gluten-free and high-protein pastas.
“ADM is continuing to deliver on our strategy to create shareholder value by expanding our capabilities downstream in the value chain,” said Vince Macciocchi, president of ADM’s WILD Flavors and Specialty Ingredients business. “Caterina is a toll processor for our majority-owned Harvest Innovations, and will be a key part of our growth plans for that important business. The addition of the Caterina business gives us yet another way in which to meet the needs of health-conscious consumers—in this case expanding our ability to produce specialty pastas from legumes and grains other than wheat.”
Caterina produces gluten-free and high-protein pastas in a variety of shapes and sizes from flours made from corn, lentils, peas, rice, quinoa and many other grains and legumes.
“Since we purchased a controlling stake in Harvest Innovations, we have continued to see increased demand for gluten-free and other non-wheat pastas,” Macciocchi continued. “Together, Harvest and Caterina will allow us to streamline our operations while expanding our capabilities in this growth area. We are looking forward to finding new ways to expand and advance the Harvest and Caterina businesses, and working with customers across the country to meet their ingredient needs for health-conscious consumers.”