GHP Investment Advisors Inc. Has $2.14 Million Stake in Archer Daniels Midland Co (ADM)

GHP Investment Advisors Inc. grew its position in shares of Archer Daniels Midland Co (NYSE:ADM) by 6.8% during the third quarter, HoldingsChannel.com reports. The firm owned 42,644 shares of the company’s stock after buying an additional 2,713 shares during the period. GHP Investment Advisors Inc.’s holdings in Archer Daniels Midland were worth $2,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADM. BB&T Securities LLC raised its stake in shares of Archer Daniels Midland by 8.8% during the first quarter. BB&T Securities LLC now owns 22,906 shares of the company’s stock valued at $993,000 after purchasing an additional 1,859 shares during the period. United Capital Financial Advisers LLC raised its stake in shares of Archer Daniels Midland by 18.3% during the first quarter. United Capital Financial Advisers LLC now owns 16,460 shares of the company’s stock valued at $714,000 after purchasing an additional 2,544 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Archer Daniels Midland by 30.7% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 66,733 shares of the company’s stock valued at $2,893,000 after purchasing an additional 15,663 shares during the period. LPL Financial LLC increased its stake in shares of Archer Daniels Midland by 10.9% in the first quarter. LPL Financial LLC now owns 109,682 shares of the company’s stock worth $4,757,000 after buying an additional 10,740 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Archer Daniels Midland in the first quarter worth $252,000. Institutional investors own 75.83% of the company’s stock.

ADM stock opened at $49.03 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 0.91. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $52.06. The firm has a market cap of $28.14 billion, a price-to-earnings ratio of 20.18 and a beta of 1.04.

Archer Daniels Midland (NYSE:ADM) last released its earnings results on Tuesday, July 31st. The company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.25. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm had revenue of $17.07 billion during the quarter, compared to analyst estimates of $15.48 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts predict that Archer Daniels Midland Co will post 3.43 earnings per share for the current fiscal year.

In other Archer Daniels Midland news, VP John P. Stott sold 2,500 shares of the business’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the sale, the vice president now owns 32,885 shares in the company, valued at $1,710,020. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph D. Taets sold 3,218 shares of the business’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $49.10, for a total transaction of $158,003.80. Following the sale, the insider now owns 182,770 shares of the company’s stock, valued at approximately $8,974,007. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,518 shares of company stock valued at $6,056,840. 0.94% of the stock is owned by insiders.

A number of analysts recently issued reports on ADM shares. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research note on Wednesday, July 4th. JPMorgan Chase & Co. upgraded shares of Archer Daniels Midland from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $42.00 to $48.00 in a research note on Monday, July 9th. Buckingham Research lifted their price target on shares of Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, August 1st. BMO Capital Markets lifted their price target on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 1st. Finally, Morgan Stanley lifted their price target on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Friday, August 3rd. Nine research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $47.62.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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