Fairfield Bush & CO. decreased its position in Archer-Daniels-Midland Company (NYSE:ADM) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 321,490 shares of the company’s stock after selling 1,700 shares during the period. Archer-Daniels-Midland accounts for 4.3% of Fairfield Bush & CO.’s investment portfolio, making the stock its 2nd biggest holding. Fairfield Bush & CO. owned 0.06% of Archer-Daniels-Midland worth $13,303,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of ADM. ProVise Management Group LLC increased its stake in Archer-Daniels-Midland by 0.6% in the 1st quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the last quarter. Concert Wealth Management Inc. purchased a new stake in Archer-Daniels-Midland in the 1st quarter valued at about $205,000. Kwmg LLC increased its stake in Archer-Daniels-Midland by 55.1% in the 1st quarter. Kwmg LLC now owns 34,165 shares of the company’s stock valued at $1,573,000 after buying an additional 12,134 shares during the last quarter. Cibc World Markets Corp increased its stake in Archer-Daniels-Midland by 170.4% in the 1st quarter. Cibc World Markets Corp now owns 106,647 shares of the company’s stock valued at $4,910,000 after buying an additional 67,206 shares during the last quarter. Finally, Tredje AP fonden increased its stake in Archer-Daniels-Midland by 59.1% in the 1st quarter. Tredje AP fonden now owns 132,861 shares of the company’s stock valued at $6,117,000 after buying an additional 49,339 shares during the last quarter. Hedge funds and other institutional investors own 72.89% of the company’s stock.
Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded up 0.63% during midday trading on Tuesday, hitting $42.88. 846,198 shares of the stock traded hands. Archer-Daniels-Midland Company has a 52 week low of $40.22 and a 52 week high of $47.88. The company’s 50-day moving average is $42.67 and its 200 day moving average is $42.70. The firm has a market capitalization of $24.12 billion, a PE ratio of 18.13 and a beta of 1.12.
Several equities research analysts have commented on ADM shares. Citigroup Inc. reiterated a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Zacks Investment Research lowered shares of Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Robert W. Baird started coverage on shares of Archer-Daniels-Midland in a research note on Monday, September 11th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price objective (down previously from $41.00) on shares of Archer-Daniels-Midland in a research note on Saturday, July 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $43.47.
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