Archer Daniels Midland Company (ADM) Shares Bought by Atria Investments LLC

Atria Investments LLC grew its stake in Archer Daniels Midland Company (NYSE:ADM) by 896.8% during the fourth quarter, HoldingsChannel reports. The fund owned 78,874 shares of the company’s stock after purchasing an additional 70,961 shares during the quarter. Atria Investments LLC’s holdings in Archer Daniels Midland were worth $3,161,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Rench Wealth Management Inc. grew its stake in Archer Daniels Midland by 0.7% in the 2nd quarter. Rench Wealth Management Inc. now owns 69,008 shares of the company’s stock worth $2,856,000 after acquiring an additional 504 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Archer Daniels Midland by 7.8% during the second quarter. MML Investors Services LLC now owns 7,436 shares of the company’s stock valued at $308,000 after purchasing an additional 536 shares in the last quarter. QS Investors LLC boosted its stake in shares of Archer Daniels Midland by 1.2% during the second quarter. QS Investors LLC now owns 47,681 shares of the company’s stock valued at $1,973,000 after purchasing an additional 580 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Archer Daniels Midland by 10.8% during the second quarter. Advisory Services Network LLC now owns 7,139 shares of the company’s stock valued at $295,000 after purchasing an additional 695 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Archer Daniels Midland by 3.5% during the second quarter. Thrivent Financial For Lutherans now owns 21,528 shares of the company’s stock valued at $891,000 after purchasing an additional 720 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 $40.91 on Thursday. 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 Company has a one year low of $38.59 and a one year high of $47.44. The stock has a market cap of $22,880.00, a P/E ratio of 19.21 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, October 31st. The company reported $0.45 EPS 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 firm 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 company earned $0.59 EPS. The company’s revenue was down 6.3% on a year-over-year basis. analysts predict that Archer Daniels Midland Company will post 2.33 EPS for the current year.

A number of equities analysts have recently issued reports on ADM shares. Robert W. Baird reiterated a “buy” rating and set a $47.00 price objective on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. TheStreet downgraded shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a research note on Tuesday, October 31st. Stifel Nicolaus set a $45.00 price objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 price objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a research note on Tuesday, October 31st. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $42.22.

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About Archer Daniels Midland

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

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