Archer Daniels Midland Co (ADM) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in Archer Daniels Midland Co (NYSE:ADM) by 55.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,387 shares of the company’s stock after selling 29,936 shares during the period. Kentucky Retirement Systems’ holdings in Archer Daniels Midland were worth $999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Securian Asset Management Inc raised its position in Archer Daniels Midland by 0.4% in the 4th quarter. Securian Asset Management Inc now owns 56,653 shares of the company’s stock worth $2,321,000 after purchasing an additional 226 shares during the period. Atlas Capital Advisors LLC raised its position in Archer Daniels Midland by 17.3% in the 4th quarter. Atlas Capital Advisors LLC now owns 1,584 shares of the company’s stock worth $65,000 after purchasing an additional 234 shares during the period. Cordasco Financial Network raised its position in Archer Daniels Midland by 32.0% in the 4th quarter. Cordasco Financial Network now owns 1,056 shares of the company’s stock worth $43,000 after purchasing an additional 256 shares during the period. Nuveen Asset Management LLC grew its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 30,083 shares of the company’s stock worth $1,233,000 after acquiring an additional 274 shares during the last quarter. Finally, Deane Retirement Strategies Inc. grew its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Deane Retirement Strategies Inc. now owns 33,513 shares of the company’s stock worth $1,373,000 after acquiring an additional 291 shares during the last quarter. 78.16% of the stock is owned by institutional investors.

Shares of ADM traded down $0.28 during midday trading on Friday, hitting $42.76. The stock had a trading volume of 2,318,217 shares, compared to its average volume of 2,775,392. Archer Daniels Midland Co has a 1 year low of $39.16 and a 1 year high of $52.06. The company has a market cap of $23.95 billion, a P/E ratio of 12.22 and a beta of 0.96. The company has a current ratio of 1.75, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 5th. The company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). The firm had revenue of $15.95 billion during the quarter, compared to analysts’ expectations of $16.83 billion. Archer Daniels Midland had a net margin of 2.81% and a return on equity of 10.51%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. Analysts predict that Archer Daniels Midland Co will post 3.37 earnings per share for the current fiscal year.

In related news, Director Donald E. Felsinger purchased 60,000 shares of the business’s stock in a transaction dated Thursday, February 7th. The shares were purchased at an average cost of $41.80 per share, for a total transaction of $2,508,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.11% of the company’s stock.

A number of equities research analysts have recently weighed in on ADM shares. Stifel Nicolaus raised shares of Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $41.40 price target for the company in a research report on Friday, February 8th. Credit Suisse Group set a $46.00 target price on shares of Archer Daniels Midland and gave the stock a “neutral” rating in a report on Wednesday, January 23rd. Finally, Zacks Investment Research cut shares of Archer Daniels Midland from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $49.71.

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Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.

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

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