Robecosam AG Reduces Stake in Archer Daniels Midland Co (ADM)

Robecosam AG lessened its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 8.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,129 shares of the company’s stock after selling 2,369 shares during the period. Robecosam AG’s holdings in Archer Daniels Midland were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. NEXT Financial Group Inc purchased a new position in shares of Archer Daniels Midland in the 3rd quarter worth about $109,000. Global Trust Asset Management LLC purchased a new position in shares of Archer Daniels Midland in the 3rd quarter worth about $131,000. MUFG Americas Holdings Corp raised its position in shares of Archer Daniels Midland by 408.7% in the 2nd quarter. MUFG Americas Holdings Corp now owns 2,676 shares of the company’s stock worth $123,000 after purchasing an additional 2,150 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Archer Daniels Midland by 71.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock worth $127,000 after purchasing an additional 1,154 shares during the last quarter. Finally, Sun Life Financial INC raised its position in shares of Archer Daniels Midland by 2,206.7% in the 2nd quarter. Sun Life Financial INC now owns 3,460 shares of the company’s stock worth $159,000 after purchasing an additional 3,310 shares during the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.

A number of equities analysts have weighed in on ADM shares. JPMorgan Chase & Co. raised Archer Daniels Midland from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $42.00 to $48.00 in a research report on Monday, July 9th. Buckingham Research boosted their target price on Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a research report on Wednesday, August 1st. BMO Capital Markets boosted their target price on Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 1st. Morgan Stanley boosted their target price on Archer Daniels Midland from $33.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Friday, August 3rd. Finally, Stephens reissued an “overweight” rating on shares of Archer Daniels Midland in a research report on Thursday, August 16th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.36.

In other Archer Daniels Midland news, insider Joseph D. Taets sold 2,153 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $51.00, for a total transaction of $109,803.00. Following the completion of the sale, the insider now directly owns 169,213 shares in the company, valued at approximately $8,629,863. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Joseph D. Taets sold 3,847 shares of the business’s stock in a transaction dated Monday, August 20th. The shares were sold at an average price of $51.01, for a total value of $196,235.47. Following the sale, the senior vice president now owns 171,366 shares of the company’s stock, valued at $8,741,379.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,500 shares of company stock valued at $436,038. Corporate insiders own 2.70% of the company’s stock.

Archer Daniels Midland stock opened at $48.72 on Friday. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 20.05 and a beta of 1.04. Archer Daniels Midland Co has a 52-week low of $38.59 and a 52-week high of $52.06. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 31st. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.25. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $15.48 billion. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. On average, sell-side analysts expect that Archer Daniels Midland Co will post 3.44 earnings per share for the current fiscal year.

About Archer Daniels Midland

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.

Further Reading: What does RSI mean?

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

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