Jaffetilchin Investment Partners LLC Has $380,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Jaffetilchin Investment Partners LLC grew its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 6.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 6,052 shares of the company’s stock after acquiring an additional 366 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Archer-Daniels-Midland were worth $380,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Archer-Daniels-Midland by 12.1% during the 1st 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 period. Norges Bank bought a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $420,457,000. Jacobs Levy Equity Management Inc. boosted its stake in shares of Archer-Daniels-Midland by 141.6% in 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. Wellington Management Group LLP increased its position in shares of Archer-Daniels-Midland by 11.1% during the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock worth $1,106,830,000 after purchasing an additional 1,532,284 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in Archer-Daniels-Midland by 40.7% during the 1st quarter. ProShare Advisors LLC now owns 3,309,140 shares of the company’s stock valued at $207,847,000 after purchasing an additional 957,270 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Citigroup cut their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.79.

Insider Activity at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

Archer-Daniels-Midland Trading Down 2.5 %

ADM traded down $1.53 during trading on Thursday, reaching $60.48. 3,547,407 shares of the stock traded hands, compared to its average volume of 5,006,612. The stock’s 50-day moving average is $61.98 and its 200 day moving average is $59.90. Archer-Daniels-Midland Company has a 12 month low of $50.72 and a 12 month high of $87.29. The stock has a market capitalization of $29.90 billion, a PE ratio of 10.69 and a beta of 0.74. The company has a quick ratio of 0.88, a current ratio of 4.58 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a return on equity of 12.06% and a net margin of 2.93%. The firm had revenue of $22.25 billion for the quarter, compared to analyst estimates of $23.12 billion. During the same period in the previous year, the company earned $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities analysts anticipate that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current year.

Archer-Daniels-Midland 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.