Huntington National Bank cut its holdings in Archer Daniels Midland Co (NYSE:ADM) by 14.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,031 shares of the company’s stock after selling 3,772 shares during the period. Huntington National Bank’s holdings in Archer Daniels Midland were worth $946,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Deane Retirement Strategies Inc. lifted its position in Archer Daniels Midland by 1.9% in the 2nd quarter. Deane Retirement Strategies Inc. now owns 34,083 shares of the company’s stock valued at $1,391,000 after purchasing an additional 628 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Archer Daniels Midland by 3.5% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 65,485 shares of the company’s stock worth $2,672,000 after buying an additional 2,199 shares in the last quarter. Argus Investors Counsel Inc. raised its position in shares of Archer Daniels Midland by 109.0% during the 2nd quarter. Argus Investors Counsel Inc. now owns 176,950 shares of the company’s stock worth $7,220,000 after buying an additional 92,275 shares in the last quarter. Chicago Capital LLC raised its position in shares of Archer Daniels Midland by 7.2% during the 2nd quarter. Chicago Capital LLC now owns 6,937 shares of the company’s stock worth $283,000 after buying an additional 463 shares in the last quarter. Finally, Country Trust Bank raised its position in shares of Archer Daniels Midland by 86.6% during the 2nd quarter. Country Trust Bank now owns 1,293 shares of the company’s stock worth $53,000 after buying an additional 600 shares in the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE ADM traded down $0.45 during midday trading on Friday, reaching $43.09. The company’s stock had a trading volume of 1,229,093 shares, compared to its average volume of 2,655,650. The company has a current ratio of 1.60, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average price of $40.76 and a 200 day moving average price of $40.38. Archer Daniels Midland Co has a one year low of $36.45 and a one year high of $48.99. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 12.31 and a beta of 1.10.
Archer Daniels Midland (NYSE:ADM) last released its earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.10. Archer Daniels Midland had a net margin of 1.85% and a return on equity of 8.06%. The business had revenue of $16.73 billion for the quarter, compared to the consensus estimate of $16.18 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts anticipate that Archer Daniels Midland Co will post 2.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.25%. Archer Daniels Midland’s payout ratio is currently 40.00%.
ADM has been the topic of a number of recent analyst reports. Peel Hunt restated a “hold” rating on shares of Archer Daniels Midland in a research report on Tuesday, October 22nd. Argus boosted their price target on shares of Archer Daniels Midland from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Credit Suisse Group dropped their price target on shares of Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 17th. Robert W. Baird set a $48.00 price target on shares of Archer Daniels Midland and gave the stock a “buy” rating in a research report on Monday, August 26th. Finally, Stephens initiated coverage on shares of Archer Daniels Midland in a research report on Monday, October 7th. They set an “overweight” rating and a $50.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.38.
Archer Daniels Midland Profile
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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