Citizens Financial Group Inc. RI Has $959,000 Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

Citizens Financial Group Inc. RI lessened its stake in Archer-Daniels-Midland Company (NYSE:ADM) by 2.1% in the 1st quarter, HoldingsChannel reports. The fund owned 15,268 shares of the company’s stock after selling 332 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Archer-Daniels-Midland were worth $959,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Archer-Daniels-Midland by 12.1% in the first quarter. Vanguard Group Inc. now owns 67,826,217 shares of the company’s stock valued at $4,260,165,000 after purchasing an additional 7,320,289 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Archer-Daniels-Midland by 11.1% in the 4th quarter. Wellington Management Group LLP now owns 15,325,806 shares of the company’s stock valued at $1,106,830,000 after buying an additional 1,532,284 shares during the period. First Trust Advisors LP raised its position in shares of Archer-Daniels-Midland by 3.5% during the fourth quarter. First Trust Advisors LP now owns 6,488,389 shares of the company’s stock worth $468,591,000 after acquiring an additional 217,459 shares during the last quarter. Norges Bank acquired a new position in shares of Archer-Daniels-Midland during the fourth quarter valued at $420,457,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Archer-Daniels-Midland by 6.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,043,862 shares of the company’s stock valued at $292,050,000 after acquiring an additional 244,765 shares during the last quarter. 78.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ADM has been the subject of several recent research reports. Citigroup dropped their price objective on Archer-Daniels-Midland from $64.00 to $63.00 and set a “neutral” rating for the company in a report on Monday, July 15th. JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a sell rating and fifteen have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $64.62.

Insider Activity

In related news, insider Fruit Molly L. Strader sold 6,904 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $60.73, for a total transaction of $419,279.92. Following the sale, the insider now directly owns 8,555 shares in the company, valued at $519,545.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Archer-Daniels-Midland Trading Down 2.6 %

Shares of ADM traded down $1.57 during trading hours on Friday, reaching $58.91. The stock had a trading volume of 4,080,866 shares, compared to its average volume of 5,000,455. Archer-Daniels-Midland Company has a 52 week low of $50.72 and a 52 week high of $87.29. The company has a quick ratio of 0.88, a current ratio of 4.58 and a debt-to-equity ratio of 0.37. The company has a market cap of $28.17 billion, a P/E ratio of 10.35 and a beta of 0.74. The firm has a 50-day moving average of $61.98 and a 200 day moving average of $59.90.

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

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.