Marathon Asset Management LLP grew its position in Archer Daniels Midland Company (NYSE:ADM) by 31.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,622,753 shares of the company’s stock after purchasing an additional 633,104 shares during the period. Archer Daniels Midland makes up 1.6% of Marathon Asset Management LLP’s holdings, making the stock its 21st largest position. Marathon Asset Management LLP’s holdings in Archer Daniels Midland were worth $105,120,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ADM. Canada Pension Plan Investment Board increased its holdings in shares of Archer Daniels Midland by 333.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,270,430 shares of the company’s stock valued at $96,516,000 after purchasing an additional 1,746,628 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Archer Daniels Midland by 16.5% in the third quarter. Bank of New York Mellon Corp now owns 8,826,223 shares of the company’s stock valued at $375,203,000 after purchasing an additional 1,246,972 shares during the period. Vanguard Group Inc. increased its holdings in shares of Archer Daniels Midland by 2.3% in the second quarter. Vanguard Group Inc. now owns 44,408,946 shares of the company’s stock valued at $1,837,642,000 after purchasing an additional 1,011,097 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Archer Daniels Midland by 14.2% in the third quarter. Victory Capital Management Inc. now owns 7,364,262 shares of the company’s stock valued at $313,054,000 after purchasing an additional 916,285 shares during the period. Finally, Schroder Investment Management Group boosted its stake in shares of Archer Daniels Midland by 228.2% in the third quarter. Schroder Investment Management Group now owns 1,252,837 shares of the company’s stock worth $53,559,000 after buying an additional 871,069 shares during the last quarter. 76.03% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on the company. Monness Crespi & Hardt lowered their target price on Archer Daniels Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a research note on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of Archer Daniels Midland in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $39.00 target price on Archer Daniels Midland and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Stifel Nicolaus set a $45.00 target price on Archer Daniels Midland and gave the stock a “hold” rating in a research note on Wednesday, November 1st. Finally, BMO Capital Markets lowered their target price on Archer Daniels Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $42.22.

Shares of Archer Daniels Midland Company (ADM) traded up $0.07 on Wednesday, hitting $40.85. The stock had a trading volume of 1,601,300 shares, compared to its average volume of 3,456,610. Archer Daniels Midland Company has a 1 year low of $38.59 and a 1 year high of $47.44. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $22,760.00, a P/E ratio of 19.18 and a beta of 1.09.

Archer Daniels Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The company had revenue of $14.83 billion during the quarter, compared to analysts’ expectations of $16 billion. Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. equities research analysts expect that Archer Daniels Midland Company will post 2.33 EPS for the current fiscal year.

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About Archer Daniels Midland

Archer-Daniels-Midland Company is a processor of oilseeds, corn, wheat, cocoa and other agricultural commodities. The Company manufactures protein meal, vegetable oil, corn sweeteners, flour, biodiesel, ethanol, and other food and feed ingredients. Its segments include Agricultural Services, which utilizes its United States grain elevator, global transportation network and port operations to buy, store, clean and transport agricultural commodities, such as oilseeds, wheat, milo, oats, rice and barley, and resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry; Corn Processing, which is engaged in corn wet milling and dry milling activities; Oilseeds Processing, which includes global activities related to the origination, merchandising, crushing and further processing of oilseeds; Wild Flavors and Specialty Ingredients products, which include flavors, sweeteners and health ingredients; Other, and Corporate.

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

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