Alpha Windward LLC decreased its holdings in Archer Daniels Midland Co (NYSE:ADM) by 62.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,810 shares of the company’s stock after selling 11,310 shares during the quarter. Alpha Windward LLC’s holdings in Archer Daniels Midland were worth $316,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Unison Advisors LLC grew its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Unison Advisors LLC now owns 27,265 shares of the company’s stock valued at $1,264,000 after buying an additional 233 shares during the period. AdvisorNet Financial Inc grew its holdings in Archer Daniels Midland by 15.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 1,865 shares of the company’s stock valued at $77,000 after buying an additional 254 shares during the period. Buckley Wealth Management LLC grew its holdings in Archer Daniels Midland by 1.8% in the 3rd quarter. Buckley Wealth Management LLC now owns 15,040 shares of the company’s stock valued at $618,000 after buying an additional 265 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Archer Daniels Midland by 1.2% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 26,131 shares of the company’s stock valued at $1,072,000 after buying an additional 310 shares during the period. Finally, Chicago Partners Investment Group LLC grew its holdings in Archer Daniels Midland by 0.9% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 38,789 shares of the company’s stock valued at $1,572,000 after buying an additional 328 shares during the period. Institutional investors own 76.92% of the company’s stock.
Several analysts have commented on the company. Monness Crespi & Hardt cut Archer Daniels Midland from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a report on Thursday, January 9th. ValuEngine upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 1st. Stephens started coverage on Archer Daniels Midland in a report on Monday, October 7th. They set an “overweight” rating and a $50.00 target price for the company. Finally, Credit Suisse Group decreased their target price on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Archer Daniels Midland presently has a consensus rating of “Hold” and a consensus price target of $47.00.
Shares of NYSE:ADM opened at $44.50 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 1.60. Archer Daniels Midland Co has a 1 year low of $36.45 and a 1 year high of $47.20. The stock has a market capitalization of $24.73 billion, a P/E ratio of 12.71 and a beta of 1.08. The stock has a 50-day simple moving average of $44.82 and a 200-day simple moving average of $41.53.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business had revenue of $16.73 billion during the quarter, compared to analysts’ expectations of $16.18 billion. During the same quarter in the previous year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts predict that Archer Daniels Midland Co will post 2.56 earnings per share for the current year.
In other news, VP John P. Stott sold 2,500 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $42.66, for a total transaction of $106,650.00. Following the completion of the sale, the vice president now owns 32,201 shares in the company, valued at approximately $1,373,694.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Joseph D. Taets sold 25,503 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $47.00, for a total value of $1,198,641.00. Following the sale, the senior vice president now owns 203,816 shares of the company’s stock, valued at approximately $9,579,352. The disclosure for this sale can be found here. Insiders have sold a total of 34,676 shares of company stock valued at $1,612,249 in the last quarter. Company insiders own 1.11% of the company’s stock.
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. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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