CIBC World Markets Inc. acquired a new stake in Archer Daniels Midland Co (NYSE:ADM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,797 shares of the company’s stock, valued at approximately $643,000.
A number of other institutional investors have also made changes to their positions in the business. NEXT Financial Group Inc purchased a new stake in shares of Archer Daniels Midland during the 3rd quarter worth $109,000. MUFG Americas Holdings Corp lifted its stake in shares of Archer Daniels Midland by 408.7% during the 2nd quarter. MUFG Americas Holdings Corp now owns 2,676 shares of the company’s stock worth $123,000 after purchasing an additional 2,150 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in shares of Archer Daniels Midland during the 3rd quarter worth $131,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Archer Daniels Midland during the 3rd quarter worth $139,000. Finally, Sun Life Financial INC lifted its stake in shares of Archer Daniels Midland by 2,206.7% during the 2nd quarter. Sun Life Financial INC now owns 3,460 shares of the company’s stock worth $159,000 after purchasing an additional 3,310 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.
Archer Daniels Midland stock opened at $45.53 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 0.94. Archer Daniels Midland Co has a one year low of $39.28 and a one year high of $52.06. The stock has a market capitalization of $25.57 billion, a price-to-earnings ratio of 18.74 and a beta of 0.98.
Archer Daniels Midland (NYSE:ADM) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. Archer Daniels Midland had a return on equity of 10.45% and a net margin of 3.54%. The company had revenue of $15.80 billion during the quarter, compared to analysts’ expectations of $15.72 billion. During the same period last year, the business posted $0.45 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts predict that Archer Daniels Midland Co will post 3.53 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 23rd will be paid a $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Wednesday, November 21st. Archer Daniels Midland’s dividend payout ratio (DPR) is presently 55.14%.
A number of equities research analysts recently weighed in on ADM shares. Argus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Thursday, November 8th. Cleveland Research restated a “hold” rating on shares of Archer Daniels Midland in a research note on Monday, October 1st. Finally, Stephens restated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, August 16th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Archer Daniels Midland has a consensus rating of “Buy” and an average target price of $49.67.
In other Archer Daniels Midland news, VP John P. Stott sold 2,500 shares of the stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $52.00, for a total value of $130,000.00. Following the completion of the sale, the vice president now directly owns 32,885 shares in the company, valued at $1,710,020. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ray G. Young purchased 2,100 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was acquired at an average price of $47.35 per share, with a total value of $99,435.00. The disclosure for this purchase can be found here. Company insiders own 2.70% of the company’s stock.
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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. It operates through four segments: Carbohydrate Solutions, Nutrition, Oilseeds, and Origination. The company offers oilseeds, corn, wheat, milo, oats, rice, and barley; and structured trade finance, as well as processes wheat into wheat flour.
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