Wahed Invest LLC Acquires 1,161 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Wahed Invest LLC boosted its holdings in Archer-Daniels-Midland Company (NYSE:ADM) by 12.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,278 shares of the company’s stock after buying an additional 1,161 shares during the period. Wahed Invest LLC’s holdings in Archer-Daniels-Midland were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADM. NBC Securities Inc. grew its stake in shares of Archer-Daniels-Midland by 9.6% in the first quarter. NBC Securities Inc. now owns 1,815 shares of the company’s stock worth $114,000 after purchasing an additional 159 shares during the last quarter. CHICAGO TRUST Co NA increased its stake in shares of Archer-Daniels-Midland by 4.4% during 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 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 acquiring an additional 178 shares in the last quarter. Wesbanco Bank Inc. boosted its stake in shares of Archer-Daniels-Midland by 4.5% during the 1st quarter. Wesbanco Bank Inc. now owns 4,143 shares of the company’s stock valued at $260,000 after purchasing an additional 180 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Archer-Daniels-Midland by 1.0% during the 4th quarter. Signaturefd LLC now owns 18,051 shares of the company’s stock worth $1,304,000 after acquiring an additional 183 shares during the period. Institutional investors own 78.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. 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. JPMorgan Chase & Co. lifted their price objective on Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. According to data from MarketBeat, Archer-Daniels-Midland has a consensus rating of “Hold” and a consensus target price of $64.62.

Archer-Daniels-Midland Trading Down 2.6 %

Shares of NYSE ADM traded down $1.57 during mid-day trading on Friday, reaching $58.91. The company had a trading volume of 4,080,866 shares, compared to its average volume of 5,000,455. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.29. The business’s 50-day moving average is $61.98 and its 200-day moving average is $59.90. The stock has a market cap of $28.17 billion, a price-to-earnings ratio of 10.35 and a beta of 0.74. The company has a current ratio of 4.58, a quick ratio of 0.88 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 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 firm had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the prior year, the company posted $1.89 earnings per share. Archer-Daniels-Midland’s quarterly revenue was down 11.7% compared to the same quarter last year. Equities analysts expect that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current year.

Insider Transactions at Archer-Daniels-Midland

In other news, insider Fruit Molly L. Strader sold 6,904 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total transaction of $419,279.92. Following the completion of the sale, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

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.