DekaBank Deutsche Girozentrale reduced its stake in shares of Archer Daniels Midland Company (NYSE:ADM) by 2.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 152,280 shares of the company’s stock after selling 3,510 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Archer Daniels Midland were worth $6,517,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Enterprise Financial Services Corp boosted its stake in shares of Archer Daniels Midland by 17.7% during the 2nd quarter. Enterprise Financial Services Corp now owns 2,526 shares of the company’s stock worth $105,000 after acquiring an additional 380 shares in the last quarter. Manchester Capital Management LLC lifted its stake in Archer Daniels Midland by 28.3% in the 2nd quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after buying an additional 600 shares in the last quarter. Carroll Financial Associates Inc. lifted its stake in Archer Daniels Midland by 24.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,854 shares of the company’s stock valued at $159,000 after buying an additional 764 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in Archer Daniels Midland in the 3rd quarter valued at about $202,000. Finally, OLD National Bancorp IN purchased a new position in Archer Daniels Midland in the 2nd quarter valued at about $208,000. 75.94% of the stock is currently owned by institutional investors.
Shares of Archer Daniels Midland Company (ADM) traded up $0.37 during midday trading on Monday, hitting $41.20. 2,661,736 shares of the stock were exchanged, compared to its average volume of 3,020,381. The firm has a market cap of $22,834.19, a P/E ratio of 17.23 and a beta of 1.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91. Archer Daniels Midland Company has a fifty-two week low of $38.59 and a fifty-two week high of $47.44.
Archer Daniels Midland (NYSE:ADM) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.10). Archer Daniels Midland had a return on equity of 7.86% and a net margin of 2.01%. The firm had revenue of $14.83 billion for the quarter, compared to analyst estimates of $16 billion. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. equities research analysts forecast that Archer Daniels Midland Company will post 2.35 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 7th. Investors of record on Thursday, November 16th will be issued a $0.32 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 annualized dividend and a yield of 3.11%. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 59.81%.
ADM has been the topic of a number of research reports. Zacks Investment Research raised shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Credit Suisse Group decreased their price target on shares of Archer Daniels Midland from $45.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, August 31st. Robert W. Baird initiated coverage on shares of Archer Daniels Midland in a research note on Monday, September 11th. They issued an “outperform” rating and a $50.00 price target on the stock. Piper Jaffray Companies set a $42.00 price target on shares of Archer Daniels Midland and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus set a $45.00 target price on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Archer Daniels Midland presently has an average rating of “Hold” and a consensus price target of $42.22.
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Archer Daniels Midland Company Profile
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