Beacon Capital Management LLC Takes $102,000 Position in Archer-Daniels-Midland Company (NYSE:ADM)

Beacon Capital Management LLC purchased a new stake in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,627 shares of the company’s stock, valued at approximately $102,000.

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

Archer-Daniels-Midland Stock Down 2.7 %

Archer-Daniels-Midland stock traded down $1.70 during mid-day trading on Thursday, hitting $60.31. The company had a trading volume of 2,138,483 shares, compared to its average volume of 4,997,027. The stock has a market cap of $29.82 billion, a price-to-earnings ratio of 10.69 and a beta of 0.74. Archer-Daniels-Midland Company has a 1 year low of $50.72 and a 1 year high of $87.29. The company has a quick ratio of 0.88, a current ratio of 4.58 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $61.98 and a 200 day moving average of $59.90.

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). The firm had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. Archer-Daniels-Midland’s revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 earnings per share. On average, sell-side analysts expect that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 8,555 shares of the company’s stock, valued at $519,545.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

ADM has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of 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. JPMorgan Chase & Co. boosted their price target on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $66.79.

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.