Capital Innovations LLC Maintains Position in Archer-Daniels-Midland Company (ADM)

Capital Innovations LLC held its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,427 shares of the company’s stock at the end of the 2nd quarter. Capital Innovations LLC’s holdings in Archer-Daniels-Midland were worth $307,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ADM. Guardian Life Insurance Co. of America increased its stake in Archer-Daniels-Midland by 0.4% during the 1st 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. Enterprise Financial Services Corp increased its stake in Archer-Daniels-Midland by 17.7% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after buying an additional 380 shares during the period. Manchester Capital Management LLC increased its stake in Archer-Daniels-Midland by 28.3% during the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after buying an additional 600 shares during the period. Point72 Asia Hong Kong Ltd increased its stake in Archer-Daniels-Midland by 681.1% during the 1st 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, Carroll Financial Associates Inc. increased its stake in Archer-Daniels-Midland by 24.7% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after buying an additional 764 shares during the period. 72.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Archer-Daniels-Midland Company (NYSE ADM) traded up 0.68% during midday trading on Tuesday, hitting $42.90. 848,148 shares of the company’s stock were exchanged. The stock has a market cap of $24.13 billion, a PE ratio of 18.14 and a beta of 1.12. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The stock’s 50 day moving average is $42.67 and its 200-day moving average is $42.70.

Archer-Daniels-Midland (NYSE:ADM) last posted its earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same period in the previous year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts predict that Archer-Daniels-Midland Company will post $2.54 earnings per share for the current fiscal year.

ADM has been the topic of several recent research reports. Citigroup Inc. reaffirmed a “buy” rating on shares of Archer-Daniels-Midland in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research note on Thursday, August 3rd. Credit Suisse Group set a $45.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Tuesday, July 18th. Piper Jaffray Companies set a $42.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, BidaskClub raised shares of Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $43.47.

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About Archer-Daniels-Midland

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

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