Greenleaf Trust Takes Position in Archer Daniels Midland Co (ADM)

Greenleaf Trust acquired a new position in shares of Archer Daniels Midland Co (NYSE:ADM) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,274 shares of the company’s stock, valued at approximately $215,000.

Several other hedge funds have also made changes to their positions in ADM. Donald L. Hagan LLC increased its holdings in Archer Daniels Midland by 3.7% in the 2nd quarter. Donald L. Hagan LLC now owns 30,240 shares of the company’s stock worth $1,386,000 after purchasing an additional 1,078 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Archer Daniels Midland by 12.8% in the 3rd quarter. Raymond James Trust N.A. now owns 9,653 shares of the company’s stock worth $485,000 after purchasing an additional 1,097 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Archer Daniels Midland by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 75,246 shares of the company’s stock worth $3,450,000 after purchasing an additional 1,119 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Archer Daniels Midland by 71.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,778 shares of the company’s stock worth $127,000 after purchasing an additional 1,154 shares in the last quarter. Finally, State Treasurer State of Michigan increased its holdings in Archer Daniels Midland by 0.7% in the 3rd quarter. State Treasurer State of Michigan now owns 166,800 shares of the company’s stock worth $8,385,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors and hedge funds own 76.01% of the company’s stock.

A number of brokerages have issued reports on ADM. Stephens reaffirmed an “overweight” rating on shares of Archer Daniels Midland in a report on Thursday, August 16th. BMO Capital Markets upped their target price on Archer Daniels Midland from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, August 1st. Cleveland Research reaffirmed a “hold” rating on shares of Archer Daniels Midland in a report on Monday, October 1st. Buckingham Research upped their target price on Archer Daniels Midland from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, August 1st. Finally, Morgan Stanley increased their price target on Archer Daniels Midland from $33.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $49.36.

Shares of ADM stock opened at $48.00 on Friday. The stock has a market capitalization of $26.87 billion, a PE ratio of 16.16 and a beta of 0.97. The company has a quick ratio of 0.91, a current ratio of 1.59 and a debt-to-equity ratio of 0.32. Archer Daniels Midland Co has a 1-year low of $38.59 and a 1-year high of $52.06.

In other news, VP John P. Stott sold 2,500 shares of the stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the vice president now owns 32,885 shares of the company’s stock, valued at $1,710,020. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Joseph D. Taets sold 2,153 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $51.00, for a total value of $109,803.00. Following the completion of the sale, the insider now directly owns 169,213 shares of the company’s stock, valued at approximately $8,629,863. The disclosure for this sale can be found here. In the last three months, insiders sold 8,500 shares of company stock valued at $436,038. Insiders own 2.70% of the company’s stock.

Archer Daniels Midland Company Profile

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.

Featured Story: How dollar cost averaging works

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer Daniels Midland Co (NYSE:ADM).

Institutional Ownership by Quarter for Archer Daniels Midland (NYSE:ADM)

Receive News & Ratings for Archer Daniels Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer Daniels Midland and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply