Kestra Private Wealth Services LLC Has $631,000 Stock Position in Archer Daniels Midland Company $ADM

Kestra Private Wealth Services LLC reduced its stake in Archer Daniels Midland Company (NYSE:ADM) by 39.9% during the 4th quarter, Holdings Channel reports. The fund owned 10,976 shares of the company’s stock after selling 7,288 shares during the period. Kestra Private Wealth Services LLC’s holdings in Archer Daniels Midland were worth $631,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock valued at $3,402,265,000 after acquiring an additional 536,265 shares during the period. Dodge & Cox raised its holdings in Archer Daniels Midland by 130.1% in the 3rd quarter. Dodge & Cox now owns 15,068,544 shares of the company’s stock valued at $900,195,000 after acquiring an additional 8,518,920 shares during the period. Dimensional Fund Advisors LP raised its holdings in Archer Daniels Midland by 7.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,734,447 shares of the company’s stock valued at $223,112,000 after acquiring an additional 253,562 shares during the period. Bank of New York Mellon Corp raised its holdings in Archer Daniels Midland by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,921,977 shares of the company’s stock valued at $174,559,000 after acquiring an additional 118,699 shares during the period. Finally, Legal & General Group Plc raised its holdings in Archer Daniels Midland by 1.0% in the 3rd quarter. Legal & General Group Plc now owns 2,634,327 shares of the company’s stock valued at $157,375,000 after acquiring an additional 25,882 shares during the period. 78.28% of the stock is owned by institutional investors.

Archer Daniels Midland Stock Up 1.9%

Shares of ADM opened at $76.36 on Tuesday. Archer Daniels Midland Company has a 12 month low of $46.81 and a 12 month high of $77.37. The firm’s 50 day moving average is $70.09 and its 200-day moving average is $64.77. The stock has a market capitalization of $36.79 billion, a PE ratio of 34.39 and a beta of 0.59. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

Archer Daniels Midland (NYSE:ADM) last announced its earnings results on Tuesday, February 3rd. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.80 by $0.07. The company had revenue of $18.56 billion for the quarter, compared to analysts’ expectations of $21.03 billion. Archer Daniels Midland had a net margin of 1.34% and a return on equity of 7.39%. The business’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the firm earned $1.14 earnings per share. Equities research analysts forecast that Archer Daniels Midland Company will post 4.42 EPS for the current year.

Wall Street Analysts Forecast Growth

ADM has been the topic of several research analyst reports. Jefferies Financial Group increased their price target on shares of Archer Daniels Midland from $65.00 to $77.00 and gave the company a “hold” rating in a report on Monday, April 6th. JPMorgan Chase & Co. increased their price target on shares of Archer Daniels Midland from $61.00 to $65.00 and gave the company an “underweight” rating in a report on Tuesday, March 24th. Barclays increased their price target on shares of Archer Daniels Midland from $68.00 to $77.00 and gave the company an “equal weight” rating in a report on Wednesday, April 1st. Zacks Research raised shares of Archer Daniels Midland from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $63.00 target price on shares of Archer Daniels Midland in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $63.86.

Insider Activity

In related news, SVP Gregory A. Morris sold 50,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the sale, the senior vice president owned 300,122 shares in the company, valued at approximately $20,552,354.56. This trade represents a 14.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director David R. Mcatee II purchased 7,500 shares of Archer Daniels Midland stock in a transaction that occurred on Thursday, February 5th. The shares were purchased at an average price of $64.90 per share, for a total transaction of $486,750.00. Following the transaction, the director directly owned 7,500 shares in the company, valued at $486,750. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 109,106 shares of company stock worth $7,539,602. Insiders own 0.60% of the company’s stock.

About Archer Daniels Midland

Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.

ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.