Rodgers Brothers Inc. Purchases 4,955 Shares of Archer Daniels Midland Company (ADM)

Rodgers Brothers Inc. lifted its position in Archer Daniels Midland Company (NYSE:ADM) by 36.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,470 shares of the company’s stock after buying an additional 4,955 shares during the period. Rodgers Brothers Inc.’s holdings in Archer Daniels Midland were worth $785,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ING Groep NV increased its holdings in Archer Daniels Midland by 0.3% during the second quarter. ING Groep NV now owns 29,478 shares of the company’s stock valued at $1,220,000 after buying an additional 76 shares during the last quarter. Good Life Advisors LLC increased its stake in shares of Archer Daniels Midland by 1.0% in the second quarter. Good Life Advisors LLC now owns 9,323 shares of the company’s stock worth $378,000 after purchasing an additional 90 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Archer Daniels Midland by 0.6% in the second quarter. Daiwa Securities Group Inc. now owns 16,050 shares of the company’s stock worth $664,000 after purchasing an additional 100 shares in the last quarter. Financial Counselors Inc. increased its stake in shares of Archer Daniels Midland by 1.4% in the second quarter. Financial Counselors Inc. now owns 10,418 shares of the company’s stock worth $431,000 after purchasing an additional 144 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. increased its stake in shares of Archer Daniels Midland by 2.0% in the second quarter. Lowe Brockenbrough & Co. Inc. now owns 10,281 shares of the company’s stock worth $425,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Archer Daniels Midland Company (ADM) traded up $0.09 during trading hours on Thursday, hitting $41.31. 3,667,805 shares of the stock were exchanged, compared to its average volume of 3,021,490. Archer Daniels Midland Company has a twelve month low of $38.59 and a twelve month high of $47.44. The company has a market cap of $22,839.78, a PE ratio of 17.23 and a beta of 1.09. The company has a quick ratio of 0.91, a current ratio of 1.61 and a debt-to-equity ratio of 0.38.

Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, October 31st. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $14.83 billion during the quarter, compared to the consensus estimate of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The firm’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.59 earnings per share. equities analysts expect 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 59.81%.

A number of brokerages recently weighed in on ADM. Citigroup lowered shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and upped their target price for the stock from $42.25 to $45.00 in a research report on Thursday, September 28th. BidaskClub upgraded shares of Archer Daniels Midland from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Piper Jaffray Companies set a $42.00 price objective on shares of Archer Daniels Midland and gave the company a “hold” rating in a research report on Sunday, October 1st. Monness Crespi & Hardt started coverage on shares of Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 price objective for the company. Finally, Robert W. Baird restated a “buy” rating and issued a $47.00 target price on shares of Archer Daniels Midland in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.22.

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About Archer Daniels Midland

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

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