Massmutual Trust Co. FSB ADV Has $105,000 Holdings in Archer-Daniels-Midland Company (NYSE:ADM)

Massmutual Trust Co. FSB ADV raised its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 14.1% in the second quarter, Holdings Channel reports. The fund owned 1,729 shares of the company’s stock after acquiring an additional 213 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Archer-Daniels-Midland were worth $105,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. NBC Securities Inc. grew its position in shares of Archer-Daniels-Midland by 9.6% in the 1st quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock valued at $114,000 after purchasing an additional 159 shares during the period. CHICAGO TRUST Co NA boosted its holdings in shares of Archer-Daniels-Midland by 4.4% in the first quarter. CHICAGO TRUST Co NA now owns 4,207 shares of the company’s stock valued at $264,000 after buying an additional 177 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Archer-Daniels-Midland by 0.7% in the first quarter. Ameritas Investment Partners Inc. now owns 25,107 shares of the company’s stock valued at $1,577,000 after buying an additional 178 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of Archer-Daniels-Midland by 4.5% during the first quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock worth $260,000 after acquiring an additional 180 shares during the period. Finally, Signaturefd LLC lifted its position in Archer-Daniels-Midland by 1.0% in the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock valued at $1,304,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on ADM shares. JPMorgan Chase & Co. lifted their price target on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. Citigroup cut their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating and fifteen have given a hold rating to the stock. According to data from MarketBeat.com, Archer-Daniels-Midland has a consensus rating of “Hold” and an average target price of $64.62.

Archer-Daniels-Midland Price Performance

Shares of NYSE ADM traded down $0.22 during mid-day trading on Tuesday, reaching $57.96. The company had a trading volume of 2,998,931 shares, compared to its average volume of 4,981,056. The firm has a market cap of $28.66 billion, a price-to-earnings ratio of 10.22 and a beta of 0.74. The business’s 50-day simple moving average is $61.90 and its 200 day simple moving average is $59.62. Archer-Daniels-Midland Company has a one year low of $50.72 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.44.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The firm had revenue of $22.25 billion during the quarter, compared to the consensus estimate of $23.12 billion. During the same period in the prior year, the business earned $1.89 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. On average, research analysts predict that Archer-Daniels-Midland Company will post 5.41 earnings per share for the current fiscal year.

Insider Buying and Selling 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 transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.20% of the company’s stock.

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.