Kathmere Capital Management LLC Takes $252,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Kathmere Capital Management LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,173 shares of the company’s stock, valued at approximately $252,000.

Other hedge funds have also recently made changes to their positions in the company. Banque Cantonale Vaudoise boosted its stake in shares of Archer-Daniels-Midland by 83.7% during the first quarter. Banque Cantonale Vaudoise now owns 29,914 shares of the company’s stock valued at $1,879,000 after purchasing an additional 13,626 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Archer-Daniels-Midland by 14.1% in the fourth quarter. Quadrant Capital Group LLC now owns 3,746 shares of the company’s stock worth $271,000 after acquiring an additional 462 shares during the period. Madison Asset Management LLC lifted its stake in shares of Archer-Daniels-Midland by 18.6% in the fourth quarter. Madison Asset Management LLC now owns 383,941 shares of the company’s stock worth $27,728,000 after acquiring an additional 60,313 shares during the period. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Archer-Daniels-Midland in the fourth quarter worth approximately $1,942,000. Finally, Victory Capital Management Inc. lifted its stake in shares of Archer-Daniels-Midland by 50.3% in the fourth quarter. Victory Capital Management Inc. now owns 414,643 shares of the company’s stock worth $29,946,000 after acquiring an additional 138,806 shares during the period. 78.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s 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 transaction, the insider now owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Stock Down 2.6 %

Archer-Daniels-Midland stock traded down $1.57 during trading on Friday, hitting $58.91. 4,081,450 shares of the company were exchanged, compared to its average volume of 3,095,835. The business’s 50 day moving average is $61.95 and its 200 day moving average is $59.76. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.29. The company has a market capitalization of $29.13 billion, a P/E ratio of 10.34 and a beta of 0.74. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Archer-Daniels-Midland (NYSE:ADM) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $1.03 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same period in the prior year, the firm posted $1.89 EPS. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. Analysts predict that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ADM shares. JPMorgan Chase & Co. lifted their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup lowered their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. One analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company’s stock. According to data from MarketBeat, Archer-Daniels-Midland presently has a consensus rating of “Hold” and an average target price of $64.62.

About Archer-Daniels-Midland

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.