87,637 Shares in Archer Daniels Midland Company (ADM) Acquired by Accurate Investment Solutions Inc.

Accurate Investment Solutions Inc. acquired a new position in Archer Daniels Midland Company (NYSE:ADM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 87,637 shares of the company’s stock, valued at approximately $3,512,000. Archer Daniels Midland comprises about 2.6% of Accurate Investment Solutions Inc.’s holdings, making the stock its 18th largest holding.

A number of other hedge funds have also recently bought and sold shares of ADM. BlackRock Inc. raised its position in Archer Daniels Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after purchasing an additional 2,359,196 shares during the period. Canada Pension Plan Investment Board raised its position in Archer Daniels Midland by 333.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock valued at $96,516,000 after purchasing an additional 1,746,628 shares during the period. Bank of New York Mellon Corp raised its position in Archer Daniels Midland by 16.5% in the third quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock valued at $375,203,000 after purchasing an additional 1,246,972 shares during the period. Vanguard Group Inc. raised its position in Archer Daniels Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after purchasing an additional 1,011,097 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Archer Daniels Midland by 14.2% during the third quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock worth $313,054,000 after acquiring an additional 916,285 shares during the period. Institutional investors own 76.03% of the company’s stock.

Shares of Archer Daniels Midland Company (NYSE ADM) traded down $0.31 during mid-day trading on Thursday, hitting $39.91. 3,716,800 shares of the company were exchanged, compared to its average volume of 3,303,343. The company has a current ratio of 1.61, a quick ratio of 0.91 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $22,600.00, a P/E ratio of 18.74 and a beta of 1.09. Archer Daniels Midland Company has a 12-month low of $38.59 and a 12-month high of $47.44.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. equities analysts expect that Archer Daniels Midland Company will post 2.33 earnings per share for the current fiscal year.

ADM has been the topic of a number of recent research reports. Zacks Investment Research raised Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Stifel Nicolaus set a $45.00 price objective on Archer Daniels Midland and gave the stock a “hold” rating in a research report on Wednesday, November 1st. TheStreet lowered Archer Daniels Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. BMO Capital Markets cut their price objective on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $39.00 price objective on Archer Daniels Midland and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $42.22.

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Archer Daniels Midland Company Profile

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Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

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