Todays Report: The Supplemental Annuity Collective Trust of NJ Reached $641,000 position of Archer Daniels Midland Co. (ADM)

The Supplemental Annuity Collective Trust of NJ Reached $641,000 position  of Archer Daniels Midland Co. (ADM)

Supplemental Annuity Collective Trust of NJ maintained its stake in Archer Daniels Midland Co. (NYSE:ADM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,943 shares of the company’s stock at the end of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Archer Daniels Midland were worth $641,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ADM. Bank of New York Mellon Corp increased its stake in Archer Daniels Midland by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 11,865,220 shares of the company’s stock worth $508,897,000 after buying an additional 1,522,781 shares in the last quarter. American Century Companies Inc. increased its stake in Archer Daniels Midland by 2,281.0% in the second quarter. American Century Companies Inc. now owns 1,164,376 shares of the company’s stock worth $49,940,000 after buying an additional 1,115,473 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Archer Daniels Midland by 45.8% in the first quarter. First Republic Investment Management Inc. now owns 1,343,997 shares of the company’s stock worth $48,801,000 after buying an additional 422,387 shares in the last quarter. Mount Lucas Management LP acquired a new stake in Archer Daniels Midland during the first quarter worth approximately $11,844,000. Finally, BNP Paribas Arbitrage SA increased its stake in Archer Daniels Midland by 162.5% in the second quarter. BNP Paribas Arbitrage SA now owns 459,713 shares of the company’s stock worth $19,717,000 after buying an additional 284,615 shares in the last quarter. Institutional investors own 72.78% of the company’s stock.

Archer Daniels Midland Co. (NYSE:ADM) traded up 1.18% on Friday, hitting $43.59. The stock had a trading volume of 2,628,577 shares. The company’s 50-day moving average is $42.44 and its 200-day moving average is $41.99. Archer Daniels Midland Co. has a one year low of $29.86 and a one year high of $46.29. The stock has a market cap of $25.36 billion, a P/E ratio of 17.63 and a beta of 1.02.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by $0.04. Archer Daniels Midland had a return on equity of 6.88% and a net margin of 2.35%. The business had revenue of $15.63 billion for the quarter, compared to analyst estimates of $16.57 billion. During the same quarter last year, the business earned $0.60 EPS. Archer Daniels Midland’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts anticipate that Archer Daniels Midland Co. will post $2.19 earnings per share for the current fiscal year.

A number of equities research analysts have commented on ADM shares. Vetr upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. BB&T Corp. started coverage on Archer Daniels Midland in a research report on Tuesday, July 12th. They issued a “hold” rating on the stock. Argus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and lifted their target price for the company from $43.93 to $54.00 in a research report on Thursday, August 4th. Macquarie lifted their target price on Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Monday, August 29th. Finally, Zacks Investment Research downgraded Archer Daniels Midland from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 5th. Eleven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.07.

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