Gagnon Securities LLC cut its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,886 shares of the company’s stock after selling 5 shares during the period. Gagnon Securities LLC’s holdings in Archer-Daniels-Midland were worth $492,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America raised its stake in Archer-Daniels-Midland by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares in the last quarter. Ledyard National Bank bought a new stake in Archer-Daniels-Midland during the first quarter valued at $120,000. Whittier Trust Co. raised its stake in Archer-Daniels-Midland by 1,221.7% in the first quarter. Whittier Trust Co. now owns 3,172 shares of the company’s stock valued at $146,000 after buying an additional 2,932 shares in the last quarter. Point72 Asia Hong Kong Ltd raised its stake in Archer-Daniels-Midland by 681.1% in the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock valued at $156,000 after buying an additional 2,963 shares in the last quarter. Finally, V Wealth Management LLC raised its stake in Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock valued at $184,000 after buying an additional 22 shares in the last quarter. 72.56% of the stock is owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Company (ADM) traded down 0.39% on Friday, hitting $41.26. The stock had a trading volume of 2,716,987 shares. Archer-Daniels-Midland Company has a 1-year low of $40.22 and a 1-year high of $47.88. The firm has a market capitalization of $23.45 billion, a price-to-earnings ratio of 17.47 and a beta of 1.10. The company’s 50 day moving average is $41.55 and its 200-day moving average is $43.61.
Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, May 2nd. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.01. Archer-Daniels-Midland had a return on equity of 7.88% and a net margin of 2.21%. The business had revenue of $14.99 billion during the quarter, compared to the consensus estimate of $15.15 billion. During the same period in the prior year, the firm earned $0.42 EPS. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, analysts forecast that Archer-Daniels-Midland Company will post $2.61 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $40.00 price objective (down from $41.00) on shares of Archer-Daniels-Midland in a research note on Saturday. Credit Suisse Group set a $45.00 price objective on Archer-Daniels-Midland and gave the company a “hold” rating in a research note on Tuesday, July 18th. Zacks Investment Research lowered Archer-Daniels-Midland from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland in a research report on Wednesday, July 12th. Finally, BMO Capital Markets restated a “hold” rating and set a $41.00 price target on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Archer-Daniels-Midland currently has a consensus rating of “Hold” and an average price target of $45.53.
About Archer-Daniels-Midland
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