Archer-Daniels-Midland Company (NYSE:ADM) Shares Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS increased its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,892 shares of the company’s stock after buying an additional 807 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Archer-Daniels-Midland were worth $13,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock worth $4,260,165,000 after buying an additional 7,320,289 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Archer-Daniels-Midland by 15,790.1% during the second quarter. Pacer Advisors Inc. now owns 7,596,892 shares of the company’s stock worth $459,232,000 after purchasing an additional 7,549,083 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Archer-Daniels-Midland by 40.7% in the first quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock worth $207,847,000 after buying an additional 957,270 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Archer-Daniels-Midland by 141.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 2,991,324 shares of the company’s stock valued at $187,885,000 after purchasing an additional 1,753,077 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Archer-Daniels-Midland by 73.6% in the second quarter. AQR Capital Management LLC now owns 2,830,927 shares of the company’s stock worth $170,960,000 after acquiring an additional 1,199,992 shares during the period. 78.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADM. UBS Group lifted their price target on shares of Archer-Daniels-Midland from $60.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. JPMorgan Chase & Co. raised their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Finally, Citigroup decreased their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research report on Monday, July 15th. One research analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to MarketBeat.com, Archer-Daniels-Midland currently has an average rating of “Hold” and a consensus price target of $63.82.

Insider Buying and Selling

In other news, CEO Juan R. Luciano sold 45,471 shares of Archer-Daniels-Midland stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $61.00, for a total value of $2,773,731.00. Following the completion of the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Juan R. Luciano sold 45,471 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $61.00, for a total value of $2,773,731.00. Following the sale, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,177,810. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total transaction of $10,298,438.94. Following the transaction, the chief executive officer now owns 265,210 shares of the company’s stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 219,348 shares of company stock valued at $13,296,833 in the last three months. 1.20% of the stock is owned by corporate insiders.

Archer-Daniels-Midland Stock Down 1.5 %

ADM stock traded down $0.82 during midday trading on Thursday, hitting $52.44. The company’s stock had a trading volume of 415,275 shares, compared to its average volume of 4,257,353. Archer-Daniels-Midland Company has a 52-week low of $48.92 and a 52-week high of $77.35. The firm has a 50-day simple moving average of $58.40 and a 200-day simple moving average of $60.19. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $25.07 billion, a P/E ratio of 10.69 and a beta of 0.73.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Company engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally. It operates in three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.