West Bancorporation Inc. acquired a new position in shares of Archer-Daniels-Midland Company (NYSE:ADM – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,859 shares of the company’s stock, valued at approximately $464,000.
A number of other institutional investors have also modified their holdings of the stock. Wagner Wealth Management LLC raised its stake in shares of Archer-Daniels-Midland by 65.0% in the 3rd quarter. Wagner Wealth Management LLC now owns 429 shares of the company’s stock valued at $28,000 after purchasing an additional 169 shares during the period. EverSource Wealth Advisors LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at about $32,000. Kozak & Associates Inc. acquired a new stake in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $38,000. TAP Consulting LLC acquired a new stake in shares of Archer-Daniels-Midland in the 4th quarter valued at about $45,000. Finally, West Oak Capital LLC raised its stake in shares of Archer-Daniels-Midland by 49.5% in the 4th quarter. West Oak Capital LLC now owns 680 shares of the company’s stock valued at $46,000 after purchasing an additional 225 shares during the period. 75.59% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their price objective on Archer-Daniels-Midland from $79.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, March 16th. Stifel Nicolaus raised their price objective on shares of Archer-Daniels-Midland from $80.00 to $100.00 in a research report on Wednesday, April 6th. JPMorgan Chase & Co. initiated coverage on shares of Archer-Daniels-Midland in a research report on Wednesday, January 12th. They issued a “hold” rating and a $74.00 price target for the company. Monness Crespi & Hardt downgraded shares of Archer-Daniels-Midland from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. Finally, Barclays boosted their target price on shares of Archer-Daniels-Midland from $88.00 to $95.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archer-Daniels-Midland presently has an average rating of “Hold” and an average price target of $84.38.
Archer-Daniels-Midland (NYSE:ADM – Get Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.49. Archer-Daniels-Midland had a net margin of 3.42% and a return on equity of 14.40%. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $20.61 billion. During the same period in the prior year, the firm posted $1.39 EPS. The firm’s quarterly revenue was up 25.2% compared to the same quarter last year. As a group, research analysts predict that Archer-Daniels-Midland Company will post 5.59 earnings per share for the current fiscal year.
In other news, SVP Gregory A. Morris sold 20,000 shares of the firm’s stock in a transaction on Friday, March 18th. The shares were sold at an average price of $83.37, for a total transaction of $1,667,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Juan R. Luciano sold 268,249 shares of Archer-Daniels-Midland stock in a transaction on Monday, January 31st. The stock was sold at an average price of $74.57, for a total transaction of $20,003,327.93. The disclosure for this sale can be found here. Insiders have sold a total of 576,726 shares of company stock valued at $43,834,804 over the last three months. Insiders own 1.20% of the company’s stock.
About Archer-Daniels-Midland (Get Rating)
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States, Switzerland, Cayman Islands, Brazil, Mexico, the United Kingdom, and internationally. The company operates through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition.
- Get a free copy of the StockNews.com research report on Archer-Daniels-Midland (ADM)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.