Archer-Daniels-Midland Company (ADM) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 25.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,324 shares of the company’s stock after purchasing an additional 39,138 shares during the quarter. Toronto Dominion Bank’s holdings in Archer-Daniels-Midland were worth $7,998,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of Archer-Daniels-Midland by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after purchasing an additional 8 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in Archer-Daniels-Midland by 17.7% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Archer-Daniels-Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Archer-Daniels-Midland by 681.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in Archer-Daniels-Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. 72.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer-Daniels-Midland Company (ADM) traded down 0.21% during mid-day trading on Wednesday, reaching $43.58. The company’s stock had a trading volume of 494,600 shares. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $24.52 billion, a P/E ratio of 18.43 and a beta of 1.12. The firm’s 50-day moving average price is $42.92 and its 200 day moving average price is $42.63.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the previous year, the business earned $0.41 EPS. Archer-Daniels-Midland’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts expect that Archer-Daniels-Midland Company will post $2.53 EPS for the current year.

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A number of research analysts have weighed in on ADM shares. Citigroup Inc. lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lifted their target price for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird started coverage on Archer-Daniels-Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a R

Other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its position in shares of Archer-Daniels-Midland by 0.4% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after purchasing an additional 8 shares during the last quarter. Enterprise Financial Services Corp increased its holdings in Archer-Daniels-Midland by 17.7% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the last quarter. Manchester Capital Management LLC increased its holdings in Archer-Daniels-Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its holdings in Archer-Daniels-Midland by 681.1% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in Archer-Daniels-Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the last quarter. 72.88% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer-Daniels-Midland Company (ADM) traded down 0.21% during mid-day trading on Wednesday, reaching $43.58. The company’s stock had a trading volume of 494,600 shares. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The firm has a market cap of $24.52 billion, a P/E ratio of 18.43 and a beta of 1.12. The firm’s 50-day moving average price is $42.92 and its 200 day moving average price is $42.63.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company had revenue of $14.94 billion during the quarter, compared to analyst estimates of $15.86 billion. During the same period in the previous year, the business earned $0.41 EPS. Archer-Daniels-Midland’s quarterly revenue was down 4.4% on a year-over-year basis. On average, analysts expect that Archer-Daniels-Midland Company will post $2.53 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/18/archer-daniels-midland-company-adm-shares-bought-by-toronto-dominion-bank.html.

A number of research analysts have weighed in on ADM shares. Citigroup Inc. lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lifted their target price for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird started coverage on Archer-Daniels-Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 price target for the company. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Sunday, October 1st. Finally, BidaskClub upgraded Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.47.

About Archer-Daniels-Midland

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

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