Creekmur Asset Management LLC Reduces Position in Archer-Daniels-Midland Company (NYSE:ADM)

Creekmur Asset Management LLC cut its position in Archer-Daniels-Midland Company (NYSE:ADM) by 36.0% during the first quarter, HoldingsChannel reports. The firm owned 478 shares of the company’s stock after selling 269 shares during the quarter. Creekmur Asset Management LLC’s holdings in Archer-Daniels-Midland were worth $30,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cherry Tree Wealth Management LLC purchased a new stake in shares of Archer-Daniels-Midland in the 1st quarter valued at approximately $27,000. Crewe Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $30,000. EdgeRock Capital LLC purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $35,000. Sachetta LLC purchased a new position in shares of Archer-Daniels-Midland in the 4th quarter valued at $38,000. Finally, Rise Advisors LLC purchased a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at $34,000. 78.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADM has been the topic of a number of recent analyst reports. Citigroup dropped 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. raised their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, Archer-Daniels-Midland presently has a consensus rating of “Hold” and a consensus price target of $66.79.

Archer-Daniels-Midland Trading Down 1.1 %

Shares of NYSE ADM traded down $0.68 during midday trading on Thursday, reaching $61.33. 556,891 shares of the stock were exchanged, compared to its average volume of 4,986,268. The company has a market capitalization of $30.32 billion, a P/E ratio of 10.87 and a beta of 0.74. Archer-Daniels-Midland Company has a 52-week low of $50.72 and a 52-week high of $87.29. The company has a current ratio of 4.58, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $61.98 and a 200-day moving average price of $59.90.

Archer-Daniels-Midland (NYSE:ADM) last released its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 2.93% and a return on equity of 12.06%. The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $23.12 billion. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Archer-Daniels-Midland’s revenue for the quarter was down 11.7% compared to the same quarter last year. Equities research analysts expect that Archer-Daniels-Midland Company will post 5.54 earnings per share for the current fiscal year.

Insider Activity at Archer-Daniels-Midland

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were 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 in the company, valued at $519,545.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Archer-Daniels-Midland Company Profile

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.