OLD Mutual Customised Solutions Proprietary Ltd. Increases Position in Archer-Daniels-Midland Company (NYSE:ADM)

OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 21.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 19,728 shares of the company’s stock after buying an additional 3,528 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Archer-Daniels-Midland were worth $908,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Weaver C. Barksdale & Associates Inc. boosted its stake in Archer-Daniels-Midland by 57.3% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 31,238 shares of the company’s stock valued at $1,438,000 after buying an additional 11,381 shares during the last quarter. Denali Advisors LLC boosted its stake in Archer-Daniels-Midland by 17.6% in the first quarter. Denali Advisors LLC now owns 90,400 shares of the company’s stock valued at $4,162,000 after buying an additional 13,500 shares during the last quarter. Hefty Wealth Partners boosted its stake in Archer-Daniels-Midland by 336.2% in the first quarter. Hefty Wealth Partners now owns 4,680 shares of the company’s stock valued at $215,000 after buying an additional 3,607 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its stake in Archer-Daniels-Midland by 2.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 661,255 shares of the company’s stock valued at $30,444,000 after buying an additional 14,146 shares during the last quarter. Finally, F&V Capital Management LLC boosted its stake in Archer-Daniels-Midland by 5.0% in the first quarter. F&V Capital Management LLC now owns 98,455 shares of the company’s stock valued at $4,533,000 after buying an additional 4,710 shares during the last quarter. Hedge funds and other institutional investors own 72.64% of the company’s stock.

Archer-Daniels-Midland Company (NYSE ADM) remained flat at $41.78 on Friday. The company had a trading volume of 3,125,544 shares. The firm’s 50 day moving average price is $41.50 and its 200 day moving average price is $43.46. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The stock has a market capitalization of $23.75 billion, a PE ratio of 17.69 and a beta of 1.10.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.15 billion. Archer-Daniels-Midland had a return on equity of 7.88% and a net margin of 2.21%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. Equities analysts predict that Archer-Daniels-Midland Company will post $2.60 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on ADM. Stifel Nicolaus dropped their price objective on Archer-Daniels-Midland from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. Credit Suisse Group reiterated a “hold” rating and set a $46.00 price objective on shares of Archer-Daniels-Midland in a research note on Friday, April 7th. Zacks Investment Research cut Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 31st. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, Vetr upgraded Archer-Daniels-Midland from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a research note on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.53.

About Archer-Daniels-Midland

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

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