Acropolis Investment Management LLC Continues to Hold Stake in Archer Daniels Midland Company (ADM)

Acropolis Investment Management LLC maintained its position in Archer Daniels Midland Company (NYSE:ADM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,933 shares of the company’s stock at the end of the first quarter. Acropolis Investment Management LLC’s holdings in Archer Daniels Midland Company were worth $135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Commonwealth Equity Services Inc raised its position in Archer Daniels Midland Company by 6.3% in the third quarter. Commonwealth Equity Services Inc now owns 137,616 shares of the company’s stock worth $5,803,000 after buying an additional 8,165 shares during the last quarter. Conning Inc. raised its position in shares of Archer Daniels Midland Company by 3.5% in the third quarter. Conning Inc. now owns 577,195 shares of the company’s stock valued at $24,340,000 after buying an additional 19,692 shares in the last quarter. Seminole Management Co. Inc. purchased a new position in shares of Archer Daniels Midland Company during the third quarter valued at about $11,782,000. IFC Holdings Incorporated FL purchased a new position in shares of Archer Daniels Midland Company during the third quarter valued at about $872,000. Finally, Kwmg LLC raised its position in shares of Archer Daniels Midland Company by 51.5% in the third quarter. Kwmg LLC now owns 12,379 shares of the company’s stock valued at $522,000 after buying an additional 4,207 shares in the last quarter. 73.05% of the stock is owned by institutional investors and hedge funds.

Archer Daniels Midland Company (NYSE:ADM) traded up 0.67% during trading on Thursday, hitting $44.90. The stock had a trading volume of 2,539,257 shares. The firm has a market cap of $25.64 billion, a PE ratio of 20.79 and a beta of 0.90. Archer Daniels Midland Company has a 52-week low of $37.00 and a 52-week high of $47.88. The company’s 50 day moving average is $45.13 and its 200 day moving average is $44.57.

Archer Daniels Midland Company (NYSE:ADM) last issued its earnings results on Tuesday, February 7th. The company reported $0.75 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.80 by $0.05. The firm earned $16.50 billion during the quarter, compared to analysts’ expectations of $16.57 billion. Archer Daniels Midland Company had a net margin of 2.05% and a return on equity of 7.19%. The firm’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities research analysts forecast that Archer Daniels Midland Company will post $2.84 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This news story was first published by BBNS and is the property of of BBNS. If you…

Read the full article from the Source…

Back to Top