LPL Financial LLC cut its position in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,636 shares of the company's stock after selling 19,215 shares during the quarter. LPL Financial LLC owned 0.07% of Archer Daniels Midland worth $16,018,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in ADM. Invesco Ltd. increased its stake in Archer Daniels Midland by 24.8% in the fourth quarter. Invesco Ltd. now owns 7,145,818 shares of the company's stock valued at $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Voloridge Investment Management LLC grew its stake in Archer Daniels Midland by 56.8% in the 4th quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company's stock valued at $117,658,000 after acquiring an additional 843,662 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company's stock valued at $212,825,000 after acquiring an additional 727,675 shares during the last quarter. GAMMA Investing LLC raised its holdings in Archer Daniels Midland by 7,238.2% in the 1st quarter. GAMMA Investing LLC now owns 538,768 shares of the company's stock valued at $258,660,000 after acquiring an additional 531,426 shares during the last quarter. Finally, ProShare Advisors LLC increased its position in Archer Daniels Midland by 18.0% during the fourth quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company's stock worth $172,301,000 after purchasing an additional 520,615 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.
Archer Daniels Midland Stock Down 1.5%
Shares of Archer Daniels Midland stock traded down $0.87 during trading on Wednesday, reaching $56.75. The stock had a trading volume of 4,889,746 shares, compared to its average volume of 3,030,987. The stock has a fifty day moving average price of $52.80 and a two-hundred day moving average price of $49.45. The company has a current ratio of 11.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. Archer Daniels Midland Company has a 52 week low of $40.98 and a 52 week high of $62.61. The company has a market capitalization of $27.27 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 3.24 and a beta of 0.68.
Archer Daniels Midland (NYSE:ADM - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.88 by $0.05. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. The business had revenue of $21.17 billion during the quarter, compared to the consensus estimate of $21.56 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. Archer Daniels Midland's revenue was down 4.9% compared to the same quarter last year. Sell-side analysts predict that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on ADM shares. Barclays upgraded shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $50.00 to $61.00 in a research note on Wednesday. Citigroup decreased their target price on Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research report on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $60.00 in a research report on Monday, May 19th. Finally, Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and lowered their price target for the company from $47.00 to $45.00 in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $51.86.
Read Our Latest Stock Report on ADM
About Archer Daniels Midland
(
Free Report)
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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