New York State Common Retirement Fund trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM - Free Report) by 25.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 274,899 shares of the company's stock after selling 95,400 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Archer-Daniels-Midland worth $16,422,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in ADM. Riverview Trust Co purchased a new position in Archer-Daniels-Midland in the second quarter valued at about $27,000. Altshuler Shaham Ltd bought a new position in shares of Archer-Daniels-Midland during the 2nd quarter worth approximately $28,000. Crewe Advisors LLC purchased a new stake in Archer-Daniels-Midland during the first quarter valued at approximately $30,000. Sachetta LLC boosted its stake in Archer-Daniels-Midland by 39.8% in the second quarter. Sachetta LLC now owns 737 shares of the company's stock valued at $46,000 after acquiring an additional 210 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in Archer-Daniels-Midland by 26.4% in the second quarter. Addison Advisors LLC now owns 1,019 shares of the company's stock worth $62,000 after purchasing an additional 213 shares during the last quarter. 78.28% of the stock is currently owned by hedge funds and other institutional investors.
Archer-Daniels-Midland Stock Performance
Shares of NYSE ADM traded up $1.26 during trading on Wednesday, reaching $53.26. 5,031,790 shares of the company traded hands, compared to its average volume of 4,276,077. The stock has a market cap of $25.47 billion, a P/E ratio of 10.69 and a beta of 0.73. The firm's fifty day simple moving average is $58.56 and its 200 day simple moving average is $60.24. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Archer-Daniels-Midland Company has a 12-month low of $48.92 and a 12-month high of $77.35.
Wall Street Analyst Weigh In
ADM has been the subject of a number of recent analyst reports. UBS Group raised their price objective on Archer-Daniels-Midland from $60.00 to $64.00 and gave the stock a "neutral" rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Finally, Citigroup lowered their target price on shares of Archer-Daniels-Midland from $64.00 to $63.00 and set a "neutral" rating for the company in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating and thirteen have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $63.82.
View Our Latest Research Report on Archer-Daniels-Midland
Insider Buying and Selling
In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 170,194 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $60.51, for a total value of $10,298,438.94. Following the sale, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,047,857.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Archer-Daniels-Midland news, CEO Juan R. Luciano sold 45,471 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $61.00, for a total transaction of $2,773,731.00. Following the transaction, the chief executive officer now owns 265,210 shares in the company, valued at approximately $16,177,810. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Juan R. Luciano sold 170,194 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $60.51, for a total value of $10,298,438.94. Following the completion of the sale, the chief executive officer now owns 265,210 shares of the company's stock, valued at $16,047,857.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 219,348 shares of company stock valued at $13,296,833 over the last ninety days. Company insiders own 1.20% of the company's stock.
About Archer-Daniels-Midland
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Free Report)
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.
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