Voya Investment Management LLC Trims Stake in Archer-Daniels-Midland Company (ADM)
Voya Investment Management LLC trimmed its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 20.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,395 shares of the company’s stock after selling 57,196 shares during the quarter. Voya Investment Management LLC’s holdings in Archer-Daniels-Midland were worth $8,996,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Archer-Daniels-Midland by 6.0% in the second quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock valued at $1,721,723,000 after acquiring an additional 2,359,196 shares during the period. Barings LLC boosted its position in shares of Archer-Daniels-Midland by 43.2% in the first quarter. Barings LLC now owns 184,204 shares of the company’s stock valued at $8,481,000 after acquiring an additional 55,566 shares during the period. Renaissance Group LLC boosted its position in shares of Archer-Daniels-Midland by 14.4% in the second quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock valued at $2,182,000 after acquiring an additional 6,618 shares during the period. Homrich & Berg boosted its position in shares of Archer-Daniels-Midland by 11.7% in the second quarter. Homrich & Berg now owns 16,299 shares of the company’s stock valued at $674,000 after acquiring an additional 1,709 shares during the period. Finally, Federated Investors Inc. PA lifted its position in Archer-Daniels-Midland by 526.7% in the second quarter. Federated Investors Inc. PA now owns 109,145 shares of the company’s stock worth $4,517,000 after purchasing an additional 91,729 shares during the period. 72.86% of the stock is owned by institutional investors.
Archer-Daniels-Midland Company (ADM) opened at 43.00 on Friday. The company has a market capitalization of $24.19 billion, a PE ratio of 18.18 and a beta of 1.12. The company has a 50-day moving average price of $42.63 and a 200 day moving average price of $42.75. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88.
Archer-Daniels-Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.05. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $15.86 billion. Archer-Daniels-Midland had a return on equity of 8.40% and a net margin of 2.22%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. On average, equities research analysts forecast that Archer-Daniels-Midland Company will post $2.55 EPS for the current fiscal year.
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Several brokerages recently commented on ADM. Zacks Investment Research raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Citigroup Inc. cut Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and raised their target price for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. Piper Jaffray Companies set a $42.00 target price on Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Sunday, October 1st. BidaskClub raised Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price (up from $40.00) on shares of Archer-Daniels-Midland in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $43.47.
Archer-Daniels-Midland Company Profile
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