Fmr LLC raised its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 33.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,242,184 shares of the company’s stock after purchasing an additional 311,918 shares during the period. Fmr LLC owned 0.22% of Archer-Daniels-Midland worth $51,403,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Archer-Daniels-Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after purchasing an additional 1,011,097 shares in the last quarter. Marietta Wealth Management LLC increased its stake in Archer-Daniels-Midland by 12.6% in the second quarter. Marietta Wealth Management LLC now owns 12,703 shares of the company’s stock valued at $526,000 after purchasing an additional 1,424 shares in the last quarter. D.A. Davidson & CO. increased its stake in Archer-Daniels-Midland by 18.8% in the second quarter. D.A. Davidson & CO. now owns 16,156 shares of the company’s stock valued at $668,000 after purchasing an additional 2,557 shares in the last quarter. Pinebridge Investments L.P. increased its stake in Archer-Daniels-Midland by 7.6% in the second quarter. Pinebridge Investments L.P. now owns 412,227 shares of the company’s stock valued at $17,058,000 after purchasing an additional 29,166 shares in the last quarter. Finally, Trustmark National Bank Trust Department increased its stake in Archer-Daniels-Midland by 11.9% in the second quarter. Trustmark National Bank Trust Department now owns 9,880 shares of the company’s stock valued at $408,000 after purchasing an additional 1,050 shares in the last quarter. 72.88% of the stock is owned by hedge funds and other institutional investors.

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Archer-Daniels-Midland Company (NYSE ADM) opened at 43.70 on Tuesday. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The firm has a 50-day moving average of $42.92 and a 200-day moving average of $42.63. The stock has a market capitalization of $24.58 billion, a PE ratio of 18.48 and a beta of 1.12.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS. Equities analysts expect that Archer-Daniels-Midland Company will post $2.54 EPS for the current fiscal year.

A number of brokerages have recently issued reports on ADM. Piper Jaffray Companies set a $42.00 price objective on shares of Archer-Daniels-Midland and gave the company a “hold” rating in a report on Sunday, October 1st. Citigroup Inc. cut shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.25 to $45.00 in a report on Thursday, September 28th. Robert W. Baird began coverage on shares of Archer-Daniels-Midland in a report on Monday, September 11th. They set an “outperform” rating and a $50.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, August 31st. Finally, BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and a consensus target price of $43.47.

About Archer-Daniels-Midland

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

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