US Bancorp DE Has $4.47 Million Stock Holdings in Archer Daniels Midland Company (NYSE:ADM)

Key Points

• US Bancorp DE reduced its stake in Archer Daniels Midland Company by 4.8% during the first quarter, owning 92,994 shares valued at approximately $4.47 million at the period's end.
• Several large investors, including Franklin Resources Inc. and Envestnet Asset Management Inc., have recently made significant adjustments to their positions in ADM, indicating a trend of mixed interest from institutional investors.
• Wall Street analysts have varying opinions on ADM, with target prices ranging from $45.00 to $60.00, reflecting a consensus rating of "Hold."

US Bancorp DE lowered its stake in Archer Daniels Midland Company (NYSE:ADM - Free Report) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 92,994 shares of the company's stock after selling 4,724 shares during the quarter. US Bancorp DE's holdings in Archer Daniels Midland were worth $4,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Inc. increased its position in shares of Archer Daniels Midland by 14.2% during the first quarter. Howard Capital Management Inc. now owns 49,848 shares of the company's stock worth $2,393,000 after acquiring an additional 6,190 shares in the last quarter. Arkadios Wealth Advisors bought a new position in Archer Daniels Midland during the 1st quarter worth about $240,000. XTX Topco Ltd raised its stake in shares of Archer Daniels Midland by 366.0% in the 1st quarter. XTX Topco Ltd now owns 52,053 shares of the company's stock valued at $2,499,000 after purchasing an additional 40,883 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Archer Daniels Midland in the first quarter valued at about $2,434,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Archer Daniels Midland in the first quarter valued at about $55,000. Institutional investors and hedge funds own 78.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADM. Bank of America downgraded Archer Daniels Midland from a "neutral" rating to an "underperform" rating and decreased their price objective for the stock from $47.00 to $45.00 in a report on Thursday, May 8th. Citigroup decreased their price target on shares of Archer Daniels Midland from $51.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, April 15th. UBS Group upgraded shares of Archer Daniels Midland from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $55.00 to $60.00 in a report on Monday, May 19th. Finally, Barclays raised shares of Archer Daniels Midland from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $50.00 to $61.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $51.86.

Archer Daniels Midland Stock Down 1.5%

Shares of Archer Daniels Midland stock traded down $0.87 on Wednesday, reaching $56.75. 4,889,746 shares of the company were exchanged, compared to its average volume of 3,030,987. Archer Daniels Midland Company has a one year low of $40.98 and a one year high of $62.61. The company has a current ratio of 11.03, a quick ratio of 0.81 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $52.80 and a 200 day moving average of $49.45. The company has a market capitalization of $27.27 billion, a price-to-earnings ratio of 25.00, a PEG ratio of 3.24 and a beta of 0.68.

Archer Daniels Midland (NYSE:ADM - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to analysts' expectations of $21.56 billion. Archer Daniels Midland had a net margin of 1.33% and a return on equity of 8.43%. Archer Daniels Midland's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 EPS. On average, equities research analysts forecast that Archer Daniels Midland Company will post 4.31 earnings per share for the current year.

Archer Daniels Midland 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.