Kohmann Bosshard Financial Services LLC cut its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 4.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,633 shares of the company’s stock after selling 291 shares during the period. Kohmann Bosshard Financial Services LLC’s holdings in Archer Daniels Midland were worth $286,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in ADM. Cedar Wealth Management LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth $25,000. Alpha Omega Wealth Management LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth $25,000. We Are One Seven LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth $27,000. Liberty Wealth Management LLC bought a new position in shares of Archer Daniels Midland in the fourth quarter worth $30,000. Finally, Proficio Capital Partners LLC increased its holdings in shares of Archer Daniels Midland by 73.4% in the fourth quarter. Proficio Capital Partners LLC now owns 992 shares of the company’s stock worth $41,000 after purchasing an additional 420 shares during the period. Institutional investors and hedge funds own 78.16% of the company’s stock.
ADM opened at $42.78 on Thursday. The firm has a market capitalization of $23.98 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 Co has a 52 week low of $39.16 and a 52 week high of $52.06.
In other Archer Daniels Midland news, Director Donald E. Felsinger purchased 60,000 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was acquired at an average cost of $41.80 per share, for a total transaction of $2,508,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.11% of the company’s stock.
Several 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 on the stock in a report on Friday, February 8th. Credit Suisse Group set a $46.00 target price on Archer Daniels Midland and gave the company a “neutral” rating in a research note on Wednesday, January 23rd. Finally, Zacks Investment Research cut Archer Daniels Midland from a “hold” rating to a “sell” rating in a research note on Friday, March 29th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Archer Daniels Midland currently has a consensus rating of “Hold” and an average target price of $49.71.
About Archer Daniels Midland
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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