Archer Daniels Midland Company (ADM) Position Lowered by Green Square Capital LLC

Green Square Capital LLC decreased its stake in Archer Daniels Midland Company (NYSE:ADM) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 130,034 shares of the company’s stock after selling 5,504 shares during the period. Green Square Capital LLC’s holdings in Archer Daniels Midland were worth $5,528,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC lifted its stake in shares of Archer Daniels Midland by 28.3% in the second quarter. Manchester Capital Management LLC now owns 2,718 shares of the company’s stock valued at $112,000 after purchasing an additional 600 shares during the period. Sun Life Financial INC acquired a new position in Archer Daniels Midland during the third quarter worth about $147,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Archer Daniels Midland during the third quarter worth about $202,000. Stratos Wealth Partners LTD. acquired a new position in Archer Daniels Midland during the third quarter worth about $212,000. Finally, Honkamp Krueger Financial Services Inc. acquired a new position in Archer Daniels Midland during the third quarter worth about $220,000. Hedge funds and other institutional investors own 76.22% of the company’s stock.

Archer Daniels Midland Company (NYSE ADM) opened at $41.90 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.61 and a quick ratio of 0.91. The firm has a market cap of $23,214.48, a P/E ratio of 17.51 and a beta of 1.09. Archer Daniels Midland Company has a 52-week low of $38.59 and a 52-week high of $47.44.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings data 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 analyst estimates of $16 billion. Archer Daniels Midland had a net margin of 2.01% and a return on equity of 7.86%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS. analysts forecast that Archer Daniels Midland Company will post 2.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 7th. Stockholders of record on Thursday, November 16th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Wednesday, November 15th. Archer Daniels Midland’s dividend payout ratio is presently 59.81%.

A number of brokerages have issued reports on ADM. Citigroup cut shares of Archer Daniels Midland from a “buy” rating to a “neutral” rating and lifted 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 target price on shares of Archer Daniels Midland and gave the stock a “hold” rating in a research report on Sunday, October 1st. Monness Crespi & Hardt began coverage on shares of Archer Daniels Midland in a research report on Tuesday, October 24th. They set a “sell” rating and a $38.00 target price for the company. Finally, Robert W. Baird restated a “buy” rating and set a $47.00 target price on shares of Archer Daniels Midland in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.22.

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Archer Daniels Midland Company Profile

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

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