OLD National Bancorp IN Buys Shares of 5,016 Archer-Daniels-Midland Company (NYSE:ADM)
OLD National Bancorp IN bought a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,016 shares of the company’s stock, valued at approximately $208,000.
A number of other institutional investors also recently modified their holdings of ADM. Guardian Life Insurance Co. of America boosted its position in shares of Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after buying an additional 8 shares during the period. Ledyard National Bank bought a new position in shares of Archer-Daniels-Midland during the first quarter worth about $120,000. Whittier Trust Co. boosted its position in shares of Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock worth $146,000 after buying an additional 2,932 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after buying an additional 2,963 shares during the period. Finally, Harfst & Associates Inc. bought a new position in shares of Archer-Daniels-Midland during the first quarter worth about $190,000. Hedge funds and other institutional investors own 72.64% of the company’s stock.
Archer-Daniels-Midland Company (NYSE ADM) opened at 41.26 on Monday. Archer-Daniels-Midland Company has a 12-month low of $40.22 and a 12-month high of $47.88. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $43.61. The company has a market cap of $23.45 billion, a PE ratio of 17.47 and a beta of 1.10.
Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a return on equity of 7.88% and a net margin of 2.21%. The business had revenue of $14.99 billion for the quarter, compared to analyst estimates of $15.15 billion. During the same period in the prior year, the business earned $0.42 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.
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ADM has been the topic of a number of recent analyst reports. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a report on Wednesday, July 12th. Zacks Investment Research upgraded Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 4th. BMO Capital Markets restated a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a report on Tuesday, June 27th. Argus cut Archer-Daniels-Midland from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Finally, Credit Suisse Group restated a “hold” rating and set a $46.00 target price on shares of Archer-Daniels-Midland in a report on Friday, April 7th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $45.53.
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