Accurate Investment Solutions Inc. bought a new stake in Archer Daniels Midland Co (NYSE:ADM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 87,637 shares of the company’s stock, valued at approximately $3,512,000. Archer Daniels Midland accounts for about 2.6% of Accurate Investment Solutions Inc.’s holdings, making the stock its 18th biggest holding.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Archer Daniels Midland by 2.3% during the 2nd 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 last quarter. BlackRock Inc. boosted its position in Archer Daniels Midland by 6.0% during the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after buying an additional 2,359,196 shares during the period. Bank of New York Mellon Corp boosted its position in Archer Daniels Midland by 16.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after buying an additional 1,246,972 shares during the period. Victory Capital Management Inc. boosted its position in Archer Daniels Midland by 14.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock worth $313,054,000 after buying an additional 916,285 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Archer Daniels Midland by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,396,427 shares of the company’s stock worth $223,276,000 after buying an additional 24,589 shares during the period. 76.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Archer Daniels Midland Co (NYSE ADM) opened at $41.43 on Friday. Archer Daniels Midland Co has a one year low of $38.59 and a one year high of $47.44. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The stock has a market cap of $23,170.00, a price-to-earnings ratio of 19.45 and a beta of 1.11.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). The firm had revenue of $14.83 billion during the quarter, compared to the consensus estimate 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 was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. research analysts expect that Archer Daniels Midland Co will post 2.31 earnings per share for the current year.
A number of research analysts have recently issued reports on the stock. Monness Crespi & Hardt dropped their price target on shares of Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $47.00 price target on shares of Archer Daniels Midland in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 price target on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research report on Tuesday, October 31st. Stifel Nicolaus set a $45.00 price objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a research note on Wednesday, November 1st. Finally, TheStreet lowered shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $41.97.
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About Archer Daniels Midland
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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