Meiji Yasuda Life Insurance Co Sells 1,000 Shares of Archer-Daniels-Midland Company (NYSE:ADM)

Meiji Yasuda Life Insurance Co trimmed its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 12.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,266 shares of the company’s stock after selling 1,000 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in Archer-Daniels-Midland were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ADM. Cherry Tree Wealth Management LLC bought a new position in shares of Archer-Daniels-Midland in the 1st quarter valued at approximately $27,000. Crewe Advisors LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at approximately $30,000. Rise Advisors LLC acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at approximately $34,000. BOK Financial Private Wealth Inc. acquired a new stake in Archer-Daniels-Midland in the 1st quarter valued at approximately $34,000. Finally, EdgeRock Capital LLC acquired a new stake in Archer-Daniels-Midland in the 4th quarter valued at approximately $35,000. 78.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on ADM shares. Citigroup lowered their target price on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. JPMorgan Chase & Co. raised their target price on Archer-Daniels-Midland from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and fifteen have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $66.79.

Archer-Daniels-Midland Price Performance

ADM stock traded down $0.52 during trading on Wednesday, hitting $61.98. The company had a trading volume of 4,783,580 shares, compared to its average volume of 5,016,606. The company has a fifty day moving average price of $61.98 and a two-hundred day moving average price of $59.88. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.35. The company has a market cap of $30.65 billion, a P/E ratio of 10.85 and a beta of 0.74. Archer-Daniels-Midland Company has a fifty-two week low of $50.72 and a fifty-two week high of $87.29.

Archer-Daniels-Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.03 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.19). Archer-Daniels-Midland had a net margin of 3.32% and a return on equity of 13.87%. The company had revenue of $22.25 billion during the quarter, compared to analyst estimates of $23.12 billion. During the same period in the prior year, the firm earned $1.89 EPS. Archer-Daniels-Midland’s quarterly revenue 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 Buying and Selling at Archer-Daniels-Midland

In other Archer-Daniels-Midland news, insider Fruit Molly L. Strader sold 6,904 shares of Archer-Daniels-Midland stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $60.73, for a total value of $419,279.92. Following the completion of the transaction, the insider now owns 8,555 shares in the company, valued at approximately $519,545.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.