Putnam Investments LLC Sells 800 Shares of Archer Daniels Midland Company (ADM)

Putnam Investments LLC lowered its position in Archer Daniels Midland Company (NYSE:ADM) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,673 shares of the company’s stock after selling 800 shares during the period. Putnam Investments LLC’s holdings in Archer Daniels Midland Company were worth $533,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ADM. State Street Corp increased its position in Archer Daniels Midland Company by 2.2% in the fourth quarter. State Street Corp now owns 34,265,037 shares of the company’s stock worth $1,564,198,000 after buying an additional 725,386 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Archer Daniels Midland Company by 4.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 16,293,996 shares of the company’s stock worth $687,118,000 after buying an additional 723,036 shares during the period. Northern Trust Corp increased its position in Archer Daniels Midland Company by 2.1% in the third quarter. Northern Trust Corp now owns 9,526,894 shares of the company’s stock worth $401,749,000 after buying an additional 191,871 shares during the period. BlackRock Fund Advisors increased its position in Archer Daniels Midland Company by 2.3% in the third quarter. BlackRock Fund Advisors now owns 7,210,867 shares of the company’s stock worth $304,082,000 after buying an additional 163,008 shares during the period. Finally, BlackRock Group LTD increased its position in Archer Daniels Midland Company by 6.1% in the third quarter. BlackRock Group LTD now owns 6,242,466 shares of the company’s stock worth $263,246,000 after buying an additional 357,105 shares during the period. Institutional investors and hedge funds own 73.05% of the company’s stock.

Institutional Ownership by Quarter for Archer Daniels Midland Company (NYSE:ADM)

Archer Daniels Midland Company (NYSE:ADM) traded down 0.20% during mid-day trading on Friday, hitting $44.81. 2,081,117 shares of the stock were exchanged. Archer Daniels Midland Company has a 52 week low of $37.00 and a 52 week high of $47.88. The stock’s 50-day moving average is $45.09 and its 200 day moving average is $44.57. The company has a market capitalization of $25.59 billion, a PE ratio of 20.75 and a beta of 0.90.

Archer Daniels Midland Company (NYSE:ADM) last posted its quarterly earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Archer Daniels Midland Company had a return on equity of 7.19% and a net margin of 2.05%. The business earned $16.50 billion during the quarter, compared to the consensus estimate of $16.57 billion. During the same quarter in the previous year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, analysts anticipate that Archer Daniels Midland Company will post $2.84 EPS for the current year.

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A number of brokerages have recently commented on ADM. Credit Suisse Group AG reissued a “hold” rating and issued a $46.00 price objective on shares of Archer Daniels Midland Company in a research report on Friday, April 7th. Stifel Nicolaus decreased their price objective on shares of Archer Daniels Midland Company from $46.00 to $45.00 and set a “hold” rating for the company in a research report on Tuesday, April 4th. Vetr raised shares of Archer Daniels Midland Company from a “hold” rating to a “buy” rating and set a $46.73 price objective for the company in a research report on Monday, January 30th. Zacks Investment Research downgraded shares of Archer Daniels Midland Company from a “buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Finally, BMO Capital Markets downgraded shares of Archer Daniels Midland Company from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $51.00 to $48.00 in a research report on Friday, January 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Archer Daniels Midland Company currently has a consensus rating of “Hold” and an average price target of $47.27.

In other news, insider Joseph D. Taets sold 13,319 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $47.02, for a total transaction of $626,259.38. Following the sale, the insider now directly owns 163,909 shares of the company’s stock, valued at approximately $7,707,001.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.15% of the stock is owned by corporate insiders.

About Archer Daniels Midland Company

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