Koshinski Asset Management Inc. Sells 15,846 Shares of Archer Daniels Midland Co (NYSE:ADM)
Koshinski Asset Management Inc. lowered its position in Archer Daniels Midland Co (NYSE:ADM) by 43.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,288 shares of the company’s stock after selling 15,846 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Archer Daniels Midland were worth $828,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Archer Daniels Midland by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 8,128,709 shares of the company’s stock worth $332,509,000 after acquiring an additional 700,278 shares during the period. Victory Capital Management Inc. lifted its position in shares of Archer Daniels Midland by 16.2% during the 1st quarter. Victory Capital Management Inc. now owns 7,419,496 shares of the company’s stock worth $320,002,000 after buying an additional 1,035,546 shares during the period. Norges Bank bought a new position in shares of Archer Daniels Midland during the 4th quarter worth approximately $225,928,000. Dimensional Fund Advisors LP lifted its position in shares of Archer Daniels Midland by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,382,794 shares of the company’s stock worth $179,562,000 after buying an additional 246,133 shares during the period. Finally, Marathon Asset Management LLP lifted its position in shares of Archer Daniels Midland by 2.0% during the 2nd quarter. Marathon Asset Management LLP now owns 2,990,631 shares of the company’s stock worth $122,018,000 after buying an additional 57,366 shares during the period. Institutional investors own 75.77% of the company’s stock.
Several equities analysts recently commented on the company. Robert W. Baird restated an “outperform” rating and set a $48.00 target price (down previously from $54.00) on shares of Archer Daniels Midland in a research report on Monday, April 29th. ValuEngine downgraded Wolverine World Wide from a “hold” rating to a “sell” rating in a research report on Monday, May 20th. BMO Capital Markets raised their target price on Discover Financial Services to $92.00 and gave the stock a “market perform” rating in a research report on Monday, April 29th. Zacks Investment Research downgraded Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Buckingham Research raised their target price on Hartford Financial Services Group from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.75.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Friday, April 26th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.16). Archer Daniels Midland had a net margin of 2.57% and a return on equity of 9.83%. The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $16.19 billion. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Archer Daniels Midland Co will post 3.1 earnings per share for the current year.
About Archer Daniels Midland
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally. The company operates through four segments: Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. It buys, stores, cleans, and transports agricultural commodities, such as oilseeds, corn, wheat, milo, oats, rice, and barley, as well as resells these commodities primarily as food and feed ingredients and as raw materials for the agricultural processing industry.
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