Archer-Daniels-Midland Company (ADM) Shares Sold by Scotia Capital Inc.
Scotia Capital Inc. lowered its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,047 shares of the company’s stock after selling 8 shares during the quarter. Scotia Capital Inc.’s holdings in Archer-Daniels-Midland were worth $871,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America grew its stake in Archer-Daniels-Midland by 0.4% in the 1st quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after acquiring an additional 8 shares during the period. V Wealth Management LLC grew its stake in Archer-Daniels-Midland by 0.5% in the 2nd quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after acquiring an additional 22 shares during the period. Hefty Wealth Partners grew its stake in Archer-Daniels-Midland by 0.5% in the 2nd quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after acquiring an additional 24 shares during the period. Lowe Brockenbrough & Co. Inc. grew its stake in Archer-Daniels-Midland by 0.6% in the 1st quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock valued at $464,000 after acquiring an additional 58 shares during the period. Finally, ING Groep NV grew its stake in Archer-Daniels-Midland by 0.3% in the 2nd quarter. ING Groep NV now owns 29,478 shares of the company’s stock valued at $1,220,000 after acquiring an additional 76 shares during the period. 72.89% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Piper Jaffray Companies set a $42.00 price target on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Sunday, October 1st. Citigroup Inc. lowered Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird assumed coverage on Archer-Daniels-Midland in a report on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective on the stock. Credit Suisse Group decreased their price objective on Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, August 31st. Finally, BidaskClub upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given 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 a consensus target price of $43.47.
Archer-Daniels-Midland Company (NYSE ADM) opened at 44.00 on Friday. Archer-Daniels-Midland Company has a one year low of $40.22 and a one year high of $47.88. The firm has a 50-day moving average price of $42.92 and a 200-day moving average price of $42.66. The stock has a market cap of $24.75 billion, a price-to-earnings ratio of 18.60 and a beta of 1.12.
Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The company had revenue of $14.94 billion for the quarter, compared to analyst estimates of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. Archer-Daniels-Midland’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. On average, equities analysts predict that Archer-Daniels-Midland Company will post $2.54 earnings per share for the current year.
Archer-Daniels-Midland Company Profile
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