Archer Daniels Midland Co. (ADM) Stake Lowered by FTB Advisors Inc.

FTB Advisors Inc. reduced its stake in Archer Daniels Midland Co. (NYSE:ADM) by 6.1% during the second quarter, Holdings Channel reports. The fund owned 157,205 shares of the company’s stock after selling 10,278 shares during the period. Archer Daniels Midland makes up approximately 0.9% of FTB Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. FTB Advisors Inc.’s holdings in Archer Daniels Midland were worth $6,741,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ADM. Independent Portfolio Consultants Inc. increased its stake in Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock valued at $174,000 after buying an additional 250 shares during the last quarter. ClariVest Asset Management LLC increased its stake in shares of Archer Daniels Midland by 118.5% in the second quarter. ClariVest Asset Management LLC now owns 4,116 shares of the company’s stock worth $177,000 after buying an additional 2,232 shares during the last quarter. Stralem & Co. Inc. acquired a new stake in shares of Archer Daniels Midland during the second quarter worth $202,000. Raymond James Trust N.A. acquired a new stake in shares of Archer Daniels Midland during the second quarter worth $203,000. Finally, Associated Banc Corp acquired a new stake in shares of Archer Daniels Midland during the first quarter worth $205,000. 72.78% of the stock is owned by institutional investors and hedge funds.

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

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded down 0.59% during trading on Monday, hitting $41.88. The stock had a trading volume of 1,401,433 shares. Archer Daniels Midland Co. has a 1-year low of $29.86 and a 1-year high of $47.03. The firm has a 50 day moving average of $42.65 and a 200 day moving average of $41.53. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 16.94 and a beta of 1.02.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.04. The firm earned $15.63 billion during the quarter, compared to the consensus estimate of $16.57 billion. Archer Daniels Midland had a net margin of 2.35% and a return on equity of 6.88%. Archer Daniels Midland’s revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 EPS. Analysts expect that Archer Daniels Midland Co. will post $2.23 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Macquarie upped their price target on shares of Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Monday, August 29th. Vetr raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price target for the company in a report on Tuesday, September 6th. Zacks Investment Research raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, June 29th. BB&T Corp. assumed coverage on shares of Archer Daniels Midland in a report on Tuesday, July 12th. They issued a “hold” rating for the company. Finally, Argus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and upped their price target for the company from $43.93 to $54.00 in a report on Thursday, August 4th. Eleven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $45.07.

In related news, insider Ambrose Michael D sold 41,525 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,868,625.00. Following the transaction, the insider now owns 198,028 shares in the company, valued at $8,911,260. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.15% of the stock is owned by corporate insiders.

Archer Daniels Midland Company Profile

5 Day Chart for NYSE:ADM

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