Orrstown Financial Services Inc. reduced its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 1.8% during the second quarter, Holdings Channel reports. The institutional investor owned 22,796 shares of the company’s stock after selling 419 shares during the period. Orrstown Financial Services Inc.’s holdings in Archer-Daniels-Midland were worth $943,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Archer-Daniels-Midland by 4.0% in the first quarter. Vanguard Group Inc. now owns 43,397,849 shares of the company’s stock valued at $1,998,037,000 after buying an additional 1,672,627 shares in the last quarter. BlackRock Inc. raised its stake in Archer-Daniels-Midland by 1,027.8% in the first quarter. BlackRock Inc. now owns 39,248,469 shares of the company’s stock valued at $1,806,998,000 after buying an additional 35,768,331 shares in the last quarter. Macquarie Group Ltd. raised its stake in Archer-Daniels-Midland by 1.2% in the first quarter. Macquarie Group Ltd. now owns 16,974,063 shares of the company’s stock valued at $781,486,000 after buying an additional 207,704 shares in the last quarter. Geode Capital Management LLC raised its stake in Archer-Daniels-Midland by 5.7% in the first quarter. Geode Capital Management LLC now owns 5,327,074 shares of the company’s stock valued at $244,894,000 after buying an additional 287,718 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in Archer-Daniels-Midland by 16.6% in the first quarter. Victory Capital Management Inc. now owns 5,239,564 shares of the company’s stock valued at $241,229,000 after buying an additional 745,593 shares in the last quarter. Institutional investors and hedge funds own 72.56% of the company’s stock.

Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.29% on Monday, hitting $41.60. The stock had a trading volume of 1,819,551 shares. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The company has a market cap of $23.64 billion, a price-to-earnings ratio of 17.61 and a beta of 1.10. The firm’s 50-day moving average is $41.86 and its 200-day moving average is $44.08.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a net margin of 2.21% and a return on equity of 7.88%. The business had revenue of $14.99 billion during the quarter, compared to analysts’ expectations of $15.15 billion. During the same quarter last year, the firm earned $0.42 earnings per share. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect that Archer-Daniels-Midland Company will post $2.63 EPS for the current fiscal year.

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Several equities research analysts have commented on ADM shares. Argus lowered Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a research report on Thursday, June 1st. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Zacks Investment Research lowered Archer-Daniels-Midland from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 31st. 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 report on Monday, May 22nd. Finally, Credit Suisse Group restated a “hold” rating and issued a $46.00 price objective on shares of Archer-Daniels-Midland in a research report on Friday, April 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $46.20.

Archer-Daniels-Midland Company Profile

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

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