Robecosam AG Has $2.55 Million Stake in Archer-Daniels-Midland Company (ADM)

Robecosam AG trimmed its position in Archer-Daniels-Midland Company (NYSE:ADM) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,866 shares of the company’s stock after selling 8,653 shares during the quarter. Robecosam AG’s holdings in Archer-Daniels-Midland were worth $2,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America increased its position in Archer-Daniels-Midland by 0.4% during the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock worth $102,000 after acquiring an additional 8 shares during the period. Enterprise Financial Services Corp increased its position in Archer-Daniels-Midland by 17.7% during the second quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares during the period. Manchester Capital Management LLC increased its position in Archer-Daniels-Midland by 28.3% during the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock worth $112,000 after acquiring an additional 600 shares during the period. Point72 Asia Hong Kong Ltd increased its position in Archer-Daniels-Midland by 681.1% during the first quarter. Point72 Asia Hong Kong Ltd now owns 3,398 shares of the company’s stock worth $156,000 after acquiring an additional 2,963 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in Archer-Daniels-Midland by 24.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock worth $159,000 after acquiring an additional 764 shares during the period. Institutional investors and hedge funds own 72.89% of the company’s stock.

A number of equities analysts recently issued reports on ADM shares. Credit Suisse Group dropped their target price on shares of Archer-Daniels-Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Archer-Daniels-Midland from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Robert W. Baird started coverage on shares of Archer-Daniels-Midland in a research report on Monday, September 11th. They set an “outperform” rating and a $50.00 target price on the stock. Citigroup Inc. lowered shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $41.00 target price on shares of Archer-Daniels-Midland in a research report on Tuesday, June 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus price target of $43.47.

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Shares of Archer-Daniels-Midland Company (ADM) traded up 0.76% during midday trading on Friday, reaching $43.77. 600,652 shares of the company’s stock traded hands. The stock has a 50 day moving average of $42.80 and a 200-day moving average of $42.69. The stock has a market cap of $24.62 billion, a price-to-earnings ratio of 18.51 and a beta of 1.12. Archer-Daniels-Midland Company has a 52-week low of $40.22 and a 52-week high of $47.88.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.05. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The company had revenue of $14.94 billion for the quarter, compared to analysts’ expectations of $15.86 billion. During the same quarter last year, the business earned $0.41 earnings per share. Archer-Daniels-Midland’s revenue was down 4.4% on a year-over-year basis. On average, equities research analysts expect that Archer-Daniels-Midland Company will post $2.54 EPS for the current year.

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)

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