Archer-Daniels-Midland Company (ADM) is Fairfield Bush & CO.’s 2nd Largest Position

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.

Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a net margin of 2.22% and a return on equity of 8.40%. The firm had revenue of $14.94 billion during the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the previous year, the company earned $0.41 earnings per share. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts anticipate that Archer-Daniels-Midland Company will post $2.54 earnings per share for the current year.

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.

TRADEMARK VIOLATION WARNING: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.com-unik.info/2017/10/10/archer-daniels-midland-company-adm-is-fairfield-bush-co-s-2nd-largest-position.html.

Archer-Daniels-Midland Profile

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

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

What are top analysts saying about Archer-Daniels-Midland Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Archer-Daniels-Midland Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit