Archer Daniels Midland Co (ADM) Shares Bought by AE Wealth Management LLC

Elias Hubbard
February 24, 2018

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 last quarter. The New York-based 12 West Capital Management Lp has invested 8.35% in the stock. The stock decreased 0.04% or $0.05 during the last trading session, reaching $120.38. At one point in the past year, the shares traded as low as $38.59 but has recovered 8.21% since then. It has outperformed by 3.59% the S&P500.

Ftb Advisors Inc decreased its stake in Archer Daniels Midland Co (ADM) by 63.62% based on its latest 2017Q3 regulatory filing with the SEC. Ffcm LLC now owns 2,551 shares of the company's stock worth $102,000 after purchasing an additional 1,424 shares in the last quarter. The institutional investor held 382,076 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $29.71M, down from 393,314 at the end of the previous reported quarter.

A number of other institutional investors have also recently modified their holdings of ADM. Ffcm LLC lifted its stake in shares of Archer Daniels Midland by 126.4% during the fourth quarter.

The stock increased 0.96% or $0.74 during the last trading session, reaching $77.5.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, February 6th. It has underperformed by 8.54% the S&P500. Vertical Group raised shares of Archer Daniels Midland from a "hold" rating to a "buy" rating and set a $49.00 target price on the stock in a research report on Thursday, February 15th. Therefore 25% are positive. Archer Daniels Midland Co now has $23.35B valuation. The company maintains price to book ratio of 1.10 industry average at 3.22. Archer-Daniels-Midland Company is given 2 buy-equivalent recommendations, 2 sells and 10 holds. Finally, 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. Archer Daniels Midland now has an average rating of "Hold" and a consensus price target of $42.97. BMO Capital Markets downgraded the stock to "Market Perform" rating in Friday, January 6 report. As per Wednesday, February 7, the company rating was maintained by Piper Jaffray. The simple logic that a stock's current market price does not justify (is not equivalent to) its higher earnings and therefore has room to run is behind shareholders' inclination toward low P/E stocks.

First Republic Investment Management Inc, which manages about $25.99 billion and $13.89 billion US Long portfolio, upped its stake in Cvs Health Corp (NYSE:CVS) by 16,721 shares to 923,027 shares, valued at $75.06M in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (SPY) by 20,983 shares in the quarter, leaving it with 11,598 shares, and cut its stake in Amgen Inc (NASDAQ:AMGN).

Investors sentiment increased to 1.21 in Q3 2017. Its up 2.16, from 0.96 in 2017Q2. It increased, as 16 investors sold WTR shares while 90 reduced holdings. 61 funds opened positions while 211 raised stakes. TheStreet cut Archer Daniels Midland from a "b-" rating to a "c+" rating in a report on Tuesday, October 31st.

Archer-Daniels-Midland Company (NYSE:ADM) ended its day at 41.76 with the rising stream of -0.85% and its total traded volume was 3.23 million shares less than the average volume. Archer Daniels Midland Company had 47 analyst reports since July 29, 2015 according to SRatingsIntel. During the same period in the prior year, the firm earned $0.75 EPS. equities research analysts predict that Archer Daniels Midland Co will post 2.8 earnings per share for the current fiscal year. Wedge Cap Management L Lp Nc reported 195,777 shares.

Shares of Archer Daniels Midland Co (NYSE ADM) opened at $42.12 on Thursday. Amica Mutual Ins accumulated 50,328 shares. Northwestern Mutual Wealth Communication owns 21,612 shares or 0.01% of their U.S. portfolio. Jane Street Group Ltd Limited Liability Company holds 0.02% or 169,449 shares in its portfolio. Covington reported 122 shares stake.

Route One Investment Company L.P. holds 10.94% of its portfolio in Post Holdings, Inc. for 4.29 million shares. Meiji Yasuda Life Insur reported 12,450 shares or 0.08% of all its holdings. Fjarde Ap has 79,470 shares for 0.06% of their portfolio. Overall, 3.21 Million shares exchanged hands versus its average volume of $5.74 Million. It also reduced Electronic Arts Inc (NASDAQ:EA) stake by 187,399 shares and now owns 69,433 shares.

Investors sentiment increased to 3.12 in Q3 2017. Its up 0.33, from 0.88 in 2017Q2. Iridian Asset Management Limited Ct holds 1.43% or 1.47 million shares in its portfolio. Washington Tru Natl Bank, Washington-based fund reported 3,074 shares. Return on Assets (ROA) value of the stock is 3.5 Percent. Freestone Cap Holding Llc has 0.08% invested in Visa Inc. Qs Ltd Liability holds 179,558 shares. Sei Invs Communication owns 0% invested in Home Bancshares, Inc. Delta Asset Mgmt Tn, a Tennessee-based fund reported 1,232 shares. (NYSE:V). Baystate Wealth Mgmt Limited Liability Corp holds 793 shares or 0.01% of its portfolio. Virtus Inv Advisers has 4,768 shares for 0.02% of their portfolio. Citadel Ltd Company stated it has 33,116 shares. Capital Fund holds 0.01% or 27,503 shares. Td Asset Mngmt Incorporated invested 0.01% in Packaging Corporation of America (NYSE:PKG).

Since January 1, 0001, it had 2 buys, and 0 selling transactions for $299,691 activity.

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