Ameriprise Financial Inc. Cuts Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Ameriprise Financial Inc. lowered its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,174,437 shares of the company's stock after selling 145,822 shares during the period. Ameriprise Financial Inc. owned 1.08% of Archer-Daniels-Midland worth $261,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AustralianSuper Pty Ltd grew its stake in Archer-Daniels-Midland by 26.4% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,730,182 shares of the company's stock valued at $87,409,000 after purchasing an additional 360,844 shares during the last quarter. Amundi boosted its holdings in shares of Archer-Daniels-Midland by 56.7% in the 4th quarter. Amundi now owns 2,473,393 shares of the company's stock valued at $123,340,000 after buying an additional 894,562 shares in the last quarter. Hickory Point Bank & Trust purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter worth approximately $1,217,000. Semanteon Capital Management LP purchased a new stake in Archer-Daniels-Midland during the fourth quarter valued at approximately $614,000. Finally, Aigen Investment Management LP boosted its stake in Archer-Daniels-Midland by 127.7% in the fourth quarter. Aigen Investment Management LP now owns 46,950 shares of the company's stock valued at $2,372,000 after acquiring an additional 26,329 shares in the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Archer-Daniels-Midland Stock Performance

ADM opened at $47.46 on Tuesday. The firm has a 50 day moving average of $46.89 and a two-hundred day moving average of $49.72. The firm has a market capitalization of $22.77 billion, a PE ratio of 13.15, a P/E/G ratio of 1.54 and a beta of 0.69. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer-Daniels-Midland Company has a 12-month low of $40.98 and a 12-month high of $66.08.

Archer-Daniels-Midland (NYSE:ADM - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.07. The company had revenue of $21.50 billion during the quarter, compared to the consensus estimate of $22.77 billion. Archer-Daniels-Midland had a net margin of 2.10% and a return on equity of 10.44%. The firm's quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, analysts anticipate that Archer-Daniels-Midland Company will post 4.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ADM. Bank of America upgraded Archer-Daniels-Midland from an "underperform" rating to a "neutral" rating and decreased their price objective for the company from $48.00 to $47.00 in a report on Tuesday, April 15th. Morgan Stanley lowered their price target on Archer-Daniels-Midland from $52.00 to $47.00 and set an "equal weight" rating for the company in a report on Tuesday, February 11th. BMO Capital Markets cut their price objective on shares of Archer-Daniels-Midland from $51.00 to $49.00 and set a "market perform" rating on the stock in a report on Wednesday, February 5th. Stephens lowered their target price on shares of Archer-Daniels-Midland from $55.00 to $52.00 in a research note on Tuesday, February 4th. Finally, Barclays cut their price target on shares of Archer-Daniels-Midland from $50.00 to $48.00 and set an "underweight" rating on the stock in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $52.75.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.

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