Pitcairn Co. Has $462,000 Holdings in Archer Daniels Midland Co (ADM)

Pitcairn Co. lowered its position in Archer Daniels Midland Co (NYSE:ADM) by 14.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,205 shares of the company’s stock after selling 1,610 shares during the quarter. Pitcairn Co.’s holdings in Archer Daniels Midland were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in ADM. Donald L. Hagan LLC increased its stake in shares of Archer Daniels Midland by 3.7% during the second quarter. Donald L. Hagan LLC now owns 30,240 shares of the company’s stock valued at $1,386,000 after acquiring an additional 1,078 shares during the period. Raymond James Trust N.A. increased its stake in shares of Archer Daniels Midland by 12.8% during the third quarter. Raymond James Trust N.A. now owns 9,653 shares of the company’s stock valued at $485,000 after acquiring an additional 1,097 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Archer Daniels Midland by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock valued at $3,450,000 after acquiring an additional 1,119 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Archer Daniels Midland by 71.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock valued at $127,000 after acquiring an additional 1,154 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Archer Daniels Midland by 1.3% during the third quarter. Nissay Asset Management Corp Japan ADV now owns 92,692 shares of the company’s stock valued at $4,660,000 after acquiring an additional 1,189 shares during the period. Institutional investors own 76.07% of the company’s stock.

In related news, VP John P. Stott sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the transaction, the vice president now owns 32,885 shares of the company’s stock, valued at approximately $1,710,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph D. Taets sold 3,847 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $51.01, for a total transaction of $196,235.47. Following the completion of the transaction, the senior vice president now directly owns 171,366 shares of the company’s stock, valued at approximately $8,741,379.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,500 shares of company stock worth $436,038. 0.94% of the stock is currently owned by company insiders.

Archer Daniels Midland stock opened at $47.33 on Wednesday. The company has a current ratio of 1.59, a quick ratio of 0.91 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 19.48 and a beta of 0.97. Archer Daniels Midland Co has a 1 year low of $38.59 and a 1 year high of $52.06.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.09. The firm had revenue of $15.80 billion for the quarter, compared to analyst estimates of $15.72 billion. Archer Daniels Midland had a net margin of 3.05% and a return on equity of 9.19%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 earnings per share. Sell-side analysts predict that Archer Daniels Midland Co will post 3.45 earnings per share for the current year.

A number of research analysts recently commented on the stock. Cleveland Research reiterated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. BMO Capital Markets raised their price objective on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. Buckingham Research raised their price objective on shares of Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Morgan Stanley raised their price objective on shares of Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Finally, Stephens reiterated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $49.36.

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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.

See Also: Intrinsic Value

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

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