State Treasurer State of Michigan reduced its stake in Archer Daniels Midland Co (NYSE:ADM) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 163,900 shares of the company’s stock after selling 6,800 shares during the quarter. State Treasurer State of Michigan’s holdings in Archer Daniels Midland were worth $6,569,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Acropolis Investment Management LLC raised its holdings in Archer Daniels Midland by 1,923.9% in the 4th quarter. Acropolis Investment Management LLC now owns 3,218 shares of the company’s stock worth $129,000 after acquiring an additional 3,059 shares during the last quarter. Sun Life Financial INC purchased a new position in Archer Daniels Midland in the 3rd quarter worth approximately $147,000. Fieldpoint Private Securities LLC purchased a new position in Archer Daniels Midland in the 3rd quarter worth approximately $188,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Archer Daniels Midland in the 3rd quarter worth approximately $202,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Archer Daniels Midland in the 3rd quarter worth approximately $212,000. 76.33% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the stock. Monness Crespi & Hardt decreased their price objective on shares of Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating for the company in a report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $47.00 price objective on shares of Archer Daniels Midland in a report on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 price objective on shares of Archer Daniels Midland and gave the stock a “hold” rating in a report on Tuesday, October 31st. Stifel Nicolaus set a $45.00 price objective on shares of Archer Daniels Midland and gave the stock a “hold” rating in a report on Wednesday, November 1st. Finally, TheStreet lowered shares of Archer Daniels Midland from a “b-” rating to a “c+” rating in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.97.

Shares of Archer Daniels Midland Co (ADM) opened at $41.43 on Monday. The firm has a market cap of $23,169.74, a price-to-earnings ratio of 17.48 and a beta of 1.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61. Archer Daniels Midland Co has a 12 month low of $38.59 and a 12 month high of $47.44.

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Archer Daniels Midland Profile

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

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

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