Trade Report: The Hanson & Doremus Investment Management decides to keep it stake in Archer Daniels Midland Co. (ADM) to the level of $263,000

The Hanson & Doremus Investment Management decides to keep it stake in Archer Daniels Midland Co. (ADM) to the level of $263,000

Hanson & Doremus Investment Management increased its position in Archer Daniels Midland Co. (NYSE:ADM) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,139 shares of the company’s stock after buying an additional 7 shares during the period. Hanson & Doremus Investment Management’s holdings in Archer Daniels Midland were worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ADM. Independent Portfolio Consultants Inc. increased its stake in Archer Daniels Midland by 6.6% in the second quarter. Independent Portfolio Consultants Inc. now owns 4,055 shares of the company’s stock worth $174,000 after buying an additional 250 shares in the last quarter. ClariVest Asset Management LLC increased its stake in Archer Daniels Midland by 118.5% in the second quarter. ClariVest Asset Management LLC now owns 4,116 shares of the company’s stock worth $177,000 after buying an additional 2,232 shares in the last quarter. Stralem & Co. Inc. purchased a new stake in Archer Daniels Midland during the second quarter worth $202,000. Raymond James Trust N.A. purchased a new stake in Archer Daniels Midland during the second quarter worth $203,000. Finally, Associated Banc Corp purchased a new stake in Archer Daniels Midland during the first quarter worth $205,000. 72.78% of the stock is owned by hedge funds and other institutional investors.

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded down 0.69% on Monday, reaching $41.84. The company’s stock had a trading volume of 1,222,005 shares. The firm’s 50-day moving average price is $42.65 and its 200-day moving average price is $41.53. Archer Daniels Midland Co. has a 12 month low of $29.86 and a 12 month high of $47.03. The stock has a market cap of $24.34 billion, a P/E ratio of 16.93 and a beta of 1.02.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, August 2nd. The company reported $0.41 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 company earned $15.63 billion during the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter in the prior year, the business earned $0.60 EPS. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, analysts forecast that Archer Daniels Midland Co. will post $2.23 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on ADM shares. Zacks Investment Research raised Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Wednesday, June 29th. BB&T Corp. started coverage on Archer Daniels Midland in a research note on Tuesday, July 12th. They issued a “hold” rating for the company. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and boosted their price target for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. Macquarie boosted their price target on Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. Finally, Vetr raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price target for the company in a research note on Tuesday, September 6th. Eleven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $45.07.

In other Archer Daniels Midland news, insider Ambrose Michael D sold 41,525 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $45.00, for a total value of $1,868,625.00. Following the sale, the insider now owns 198,028 shares of the company’s stock, valued at $8,911,260. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.15% of the stock is owned by company insiders.

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