Janus Henderson Group PLC raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 183.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 550,406 shares of the company’s stock after purchasing an additional 355,907 shares during the quarter. Janus Henderson Group PLC owned 0.10% of Archer-Daniels-Midland worth $22,776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America grew its stake in Archer-Daniels-Midland by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after purchasing an additional 8 shares during the period. Enterprise Financial Services Corp grew its stake in Archer-Daniels-Midland by 17.7% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock valued at $105,000 after purchasing an additional 380 shares during the period. Manchester Capital Management LLC grew its stake in shares of Archer-Daniels-Midland by 28.3% during the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the period. Point72 Asia Hong Kong Ltd grew its stake in shares of Archer-Daniels-Midland by 681.1% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the period. Finally, Carroll Financial Associates Inc. grew its stake in shares of Archer-Daniels-Midland by 24.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the period. Hedge funds and other institutional investors own 72.91% of the company’s stock.
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Several research analysts have recently weighed in on the company. Piper Jaffray Companies set a $42.00 price target on Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Friday, August 25th. BidaskClub raised Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a report on Thursday, August 3rd. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the stock a “hold” rating in a report on Tuesday, July 18th. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price target (up previously from $40.00) on shares of Archer-Daniels-Midland in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus target price of $42.86.
Archer-Daniels-Midland Company (NYSE ADM) traded up 0.14% during trading on Friday, reaching $43.07. The company had a trading volume of 2,682,306 shares. The firm’s 50 day moving average is $43.24 and its 200 day moving average is $42.53. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The company has a market capitalization of $24.23 billion, a PE ratio of 18.21 and a beta of 1.12.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. On average, equities research analysts predict that Archer-Daniels-Midland Company will post $2.49 earnings per share for the current year.
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