Archer Daniels Midland Co (ADM) Holdings Increased by Regentatlantic Capital LLC

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Regentatlantic Capital LLC grew its holdings in shares of Archer Daniels Midland Co (NYSE:ADM) by 12.0% in the third quarter, HoldingsChannel.com reports. The fund owned 102,269 shares of the company’s stock after acquiring an additional 10,947 shares during the quarter. Regentatlantic Capital LLC’s holdings in Archer Daniels Midland were worth $5,141,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ADM. Donald L. Hagan LLC grew its stake in shares of Archer Daniels Midland by 3.7% in the 2nd quarter. Donald L. Hagan LLC now owns 30,240 shares of the company’s stock valued at $1,386,000 after buying an additional 1,078 shares during the period. Raymond James Trust N.A. grew its stake in shares of Archer Daniels Midland by 12.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,653 shares of the company’s stock valued at $485,000 after buying an additional 1,097 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Archer Daniels Midland by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock valued at $3,450,000 after buying an additional 1,119 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Archer Daniels Midland by 71.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock valued at $127,000 after buying an additional 1,154 shares during the period. Finally, Nissay Asset Management Corp Japan ADV grew its stake in shares of Archer Daniels Midland by 1.3% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 92,692 shares of the company’s stock valued at $4,660,000 after buying an additional 1,189 shares during the period. Hedge funds and other institutional investors own 76.01% of the company’s stock.

Several analysts have recently commented on the company. Stephens restated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. BMO Capital Markets raised their target price on Archer Daniels Midland from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, August 1st. Buckingham Research raised their target price on Archer Daniels Midland from $53.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, August 1st. Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Finally, Morgan Stanley raised their target price on Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Archer Daniels Midland has a consensus rating of “Hold” and a consensus target price of $47.62.

ADM stock opened at $47.64 on Wednesday. The stock has a market cap of $26.01 billion, a price-to-earnings ratio of 19.55 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.59 and a quick ratio of 0.91. Archer Daniels Midland Co has a 52-week low of $38.59 and a 52-week high of $52.06.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, July 31st. The company reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.25. The business had revenue of $17.07 billion during the quarter, compared to the consensus estimate of $15.48 billion. Archer Daniels Midland had a return on equity of 9.19% and a net margin of 3.05%. The company’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts forecast that Archer Daniels Midland Co will post 3.44 EPS for the current year.

In other Archer Daniels Midland news, VP John P. Stott sold 2,500 shares of Archer Daniels Midland stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $52.00, for a total transaction of $130,000.00. Following the completion of the transaction, the vice president now owns 32,885 shares in the company, valued at approximately $1,710,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joseph D. Taets sold 2,153 shares of Archer Daniels Midland stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $51.00, for a total value of $109,803.00. Following the transaction, the insider now owns 169,213 shares of the company’s stock, valued at approximately $8,629,863. The disclosure for this sale can be found here. Insiders have sold a total of 16,906 shares of company stock valued at $847,932 in the last quarter. Company insiders own 0.94% of the company’s stock.

Archer Daniels Midland Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

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

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