Ledyard National Bank continued to hold its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,615 shares of the company’s stock at the end of the second quarter. Ledyard National Bank’s holdings in Archer-Daniels-Midland Company were worth $108,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in ADM. Guardian Life Insurance Co. of America boosted its position in shares of Archer-Daniels-Midland Company by 0.4% in the first quarter. Guardian Life Insurance Co. of America now owns 2,206 shares of the company’s stock valued at $102,000 after buying an additional 8 shares during the period. Hefty Wealth Partners boosted its position in shares of Archer-Daniels-Midland Company by 0.5% in the second quarter. Hefty Wealth Partners now owns 4,704 shares of the company’s stock valued at $194,000 after buying an additional 24 shares during the period. ProVise Management Group LLC boosted its position in shares of Archer-Daniels-Midland Company by 0.6% in the first quarter. ProVise Management Group LLC now owns 6,672 shares of the company’s stock valued at $307,000 after buying an additional 41 shares during the period. Lowe Brockenbrough & Co. Inc. boosted its position in shares of Archer-Daniels-Midland Company by 0.6% in the first quarter. Lowe Brockenbrough & Co. Inc. now owns 10,084 shares of the company’s stock valued at $464,000 after buying an additional 58 shares during the period. Finally, Wetherby Asset Management Inc. boosted its position in shares of Archer-Daniels-Midland Company by 1.1% in the first quarter. Wetherby Asset Management Inc. now owns 8,224 shares of the company’s stock valued at $379,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 72.56% of the company’s stock.

Shares of Archer-Daniels-Midland Company (NYSE ADM) opened at 41.48 on Monday. Archer-Daniels-Midland Company has a 12 month low of $40.22 and a 12 month high of $47.88. The firm has a 50-day moving average price of $41.86 and a 200 day moving average price of $44.08. The firm has a market capitalization of $23.58 billion, a price-to-earnings ratio of 17.56 and a beta of 1.10.

Archer-Daniels-Midland Company (NYSE:ADM) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.01. The company had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.15 billion. Archer-Daniels-Midland Company had a net margin of 2.21% and a return on equity of 7.88%. Archer-Daniels-Midland Company’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 EPS. On average, analysts anticipate that Archer-Daniels-Midland Company will post $2.63 EPS for the current fiscal year.

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Several equities analysts recently issued reports on the company. Credit Suisse Group restated a “hold” rating and set a $46.00 price objective on shares of Archer-Daniels-Midland Company in a research note on Friday, April 7th. Stifel Nicolaus reduced their price objective on Archer-Daniels-Midland Company from $46.00 to $45.00 and set a “hold” rating on the stock in a research note on Tuesday, April 4th. Vetr upgraded Archer-Daniels-Midland Company from a “buy” rating to a “strong-buy” rating and set a $46.76 price objective on the stock in a research note on Wednesday, May 31st. Zacks Investment Research cut Archer-Daniels-Midland Company from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. restated a “buy” rating on shares of Archer-Daniels-Midland Company in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $46.20.

About Archer-Daniels-Midland Company

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

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