Exxonmobil Investment Management Inc. TX Has $3.56 Million Stake in Archer Daniels Midland Company (ADM)

Exxonmobil Investment Management Inc. TX trimmed its position in Archer Daniels Midland Company (NYSE:ADM) by 13.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,923 shares of the company’s stock after selling 13,806 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in Archer Daniels Midland were worth $3,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADM. BlackRock Inc. raised its holdings in shares of Archer Daniels Midland by 6.0% in the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after purchasing an additional 2,359,196 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Archer Daniels Midland by 333.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock worth $96,516,000 after acquiring an additional 1,746,628 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Archer Daniels Midland by 16.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock worth $375,203,000 after acquiring an additional 1,246,972 shares in the last quarter. Vanguard Group Inc. raised its stake in Archer Daniels Midland by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock worth $1,837,642,000 after acquiring an additional 1,011,097 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Archer Daniels Midland by 14.2% during the 3rd quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock worth $313,054,000 after acquiring an additional 916,285 shares in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.

Archer Daniels Midland Company (NYSE ADM) opened at $40.50 on Friday. Archer Daniels Midland Company has a 52-week low of $38.59 and a 52-week high of $47.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. The stock has a market cap of $22,683.19, a price-to-earnings ratio of 17.11 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The business had revenue of $14.83 billion for the quarter, compared to analysts’ expectations of $16 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. equities analysts anticipate that Archer Daniels Midland Company will post 2.33 earnings per share for the current fiscal year.

Several brokerages recently commented on ADM. Zacks Investment Research upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Monness Crespi & Hardt began coverage on shares of Archer Daniels Midland in a research note on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target on the stock. Citigroup lowered shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $42.25 to $45.00 in a research note on Thursday, September 28th. Piper Jaffray Companies set a $42.00 price target on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research note on Sunday, October 1st. Finally, Robert W. Baird reiterated a “buy” rating and set a $47.00 price target on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Archer Daniels Midland currently has a consensus rating of “Hold” and a consensus target price of $42.22.

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Archer Daniels Midland Company Profile

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

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