Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 14.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,729 shares of the company’s stock after acquiring an additional 213 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Archer-Daniels-Midland were worth $105,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. boosted its stake in shares of Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after buying an additional 159 shares in the last quarter. CHICAGO TRUST Co NA increased its position in Archer-Daniels-Midland by 4.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock worth $264,000 after purchasing an additional 177 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Archer-Daniels-Midland by 0.7% during the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock worth $1,577,000 after acquiring an additional 178 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of Archer-Daniels-Midland by 4.5% in the first quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock valued at $260,000 after purchasing an additional 180 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of Archer-Daniels-Midland by 1.0% during the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after acquiring an additional 183 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Archer-Daniels-Midland Stock Down 0.4 %

Shares of ADM stock traded down $0.22 during trading hours on Tuesday, hitting $57.96. 2,998,931 shares of the company were exchanged, compared to its average volume of 4,981,056. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44. The stock has a market capitalization of $28.66 billion, a price-to-earnings ratio of 10.22 and a beta of 0.74. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.29. The business’s 50-day simple moving average is $61.90 and its two-hundred day simple moving average is $59.62.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same quarter in the previous year, the business posted $1.89 EPS. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. Sell-side analysts predict that Archer-Daniels-Midland Company will post 5.41 EPS for the current fiscal year.

Insider Activity at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADM. JPMorgan Chase & Co. boosted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Citigroup lowered their price target on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and an average target price of $64.62.

Archer-Daniels-Midland Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.