Exxonmobil Investment Management Inc. TX trimmed its position in shares of Archer Daniels Midland Company (NYSE:ADM) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in ADM. BlackRock Inc. boosted its stake in Archer Daniels Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Archer Daniels Midland by 333.5% during the third 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 during the last quarter. Bank of New York Mellon Corp raised its position in shares of Archer Daniels Midland by 16.5% during the third 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 during the last quarter. Vanguard Group Inc. raised its position in shares of Archer Daniels Midland by 2.3% during the second 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 during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Archer Daniels Midland by 14.2% during the third 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 during the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
Archer Daniels Midland Company (NYSE ADM) opened at $40.96 on Friday. The company has a market capitalization of $22,910.00, a price-to-earnings ratio of 19.23 and a beta of 1.09. 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.
Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The business had revenue of $14.83 billion during the quarter, compared to analyst estimates of $16 billion. During the same period in the prior year, the business posted $0.59 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. equities analysts forecast that Archer Daniels Midland Company will post 2.33 earnings per share for the current year.
A number of equities research analysts have recently weighed in on ADM shares. Citigroup downgraded Archer Daniels Midland from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. Piper Jaffray Companies set a $42.00 price objective on Archer Daniels Midland and gave the company a “hold” rating in a report on Sunday, October 1st. Zacks Investment Research upgraded Archer Daniels Midland from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Monness Crespi & Hardt started coverage on Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price target for the company. Finally, BMO Capital Markets reduced their price target on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.22.
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Archer Daniels Midland Profile
Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.
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