LPL Financial LLC Sells 19,215 Shares of Archer Daniels Midland Company (NYSE:ADM)

LPL Financial LLC cut its holdings in Archer Daniels Midland Company (NYSE:ADM) by 5.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 333,636 shares of the company’s stock after selling 19,215 shares during the quarter. LPL Financial LLC owned about 0.07% of Archer Daniels Midland worth $16,018,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Invesco Ltd. boosted its position in shares of Archer Daniels Midland by 24.8% in the 4th quarter. Invesco Ltd. now owns 7,145,818 shares of the company’s stock worth $361,007,000 after purchasing an additional 1,420,625 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Archer Daniels Midland by 56.8% in the fourth quarter. Voloridge Investment Management LLC now owns 2,328,942 shares of the company’s stock valued at $117,658,000 after buying an additional 843,662 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Archer Daniels Midland by 20.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 4,212,681 shares of the company’s stock worth $212,825,000 after buying an additional 727,675 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Archer Daniels Midland by 7,238.2% during the 1st quarter. GAMMA Investing LLC now owns 538,768 shares of the company’s stock worth $258,660,000 after buying an additional 531,426 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Archer Daniels Midland by 18.0% in the 4th quarter. ProShare Advisors LLC now owns 3,410,560 shares of the company’s stock valued at $172,301,000 after acquiring an additional 520,615 shares during the period. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analysts Set New Price Targets

ADM has been the subject of a number of analyst reports. Citigroup decreased their price objective on shares of Archer Daniels Midland from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, April 15th. UBS Group raised shares of Archer Daniels Midland from a “neutral” rating to a “buy” rating and boosted their price target for the company from $55.00 to $60.00 in a report on Monday, May 19th. Barclays raised their price objective on Archer Daniels Midland from $48.00 to $50.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 2nd. Finally, Bank of America cut Archer Daniels Midland from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $47.00 to $45.00 in a research note on Thursday, May 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.29.

Archer Daniels Midland Trading Up 6.1%

ADM opened at $57.69 on Wednesday. The stock has a market capitalization of $27.72 billion, a P/E ratio of 20.60, a P/E/G ratio of 3.03 and a beta of 0.68. The company has a current ratio of 1.38, a quick ratio of 0.81 and a debt-to-equity ratio of 0.34. Archer Daniels Midland Company has a 12 month low of $40.98 and a 12 month high of $62.61. The firm’s fifty day simple moving average is $52.80 and its 200 day simple moving average is $49.45.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.05. The company had revenue of $21.17 billion for the quarter, compared to analyst estimates of $21.56 billion. Archer Daniels Midland had a return on equity of 8.71% and a net margin of 1.63%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.03 earnings per share. As a group, research analysts anticipate that Archer Daniels Midland Company will post 4.31 EPS for the current fiscal year.

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.