Ballentine Partners LLC acquired a new position in Archer-Daniels-Midland Company (NYSE:ADM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,566 shares of the company’s stock, valued at approximately $279,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. V Wealth Management LLC increased its holdings in Archer-Daniels-Midland by 0.5% in the second quarter. V Wealth Management LLC now owns 4,486 shares of the company’s stock worth $184,000 after buying an additional 22 shares during the last quarter. ING Groep NV increased its holdings in Archer-Daniels-Midland by 0.3% in the second quarter. ING Groep NV now owns 29,478 shares of the company’s stock worth $1,220,000 after buying an additional 76 shares during the last quarter. Good Life Advisors LLC increased its holdings in 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 buying an additional 90 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in 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 buying an additional 100 shares during the last quarter. Finally, Financial Counselors Inc. increased its holdings in 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 buying an additional 144 shares during the last quarter. Hedge funds and other institutional investors own 73.34% of the company’s stock.
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Shares of Archer-Daniels-Midland Company (NYSE:ADM) traded up $0.33 during mid-day trading on Monday, reaching $39.93. The company had a trading volume of 2,591,300 shares, compared to its average volume of 3,028,074. The company has a market capitalization of $22,330.00, a PE ratio of 16.85 and a beta of 1.10. Archer-Daniels-Midland Company has a 52-week low of $39.10 and a 52-week high of $47.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.91 and a current ratio of 1.61.
Archer-Daniels-Midland (NYSE:ADM) last issued its earnings results on Tuesday, October 31st. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 return on equity of 7.86% and a net margin of 2.01%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the business earned $0.59 earnings per share. research analysts anticipate that Archer-Daniels-Midland Company will post 2.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 7th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, November 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.21%. Archer-Daniels-Midland’s payout ratio is presently 60.09%.
Several brokerages have commented on ADM. Robert W. Baird reiterated a “buy” rating and set a $47.00 price target on shares of Archer-Daniels-Midland in a report on Wednesday, November 1st. BMO Capital Markets lowered their price target on Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 1st. Zacks Investment Research upgraded Archer-Daniels-Midland from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Monness Crespi & Hardt lowered their price target on Archer-Daniels-Midland from $38.00 to $37.00 and set a “sell” rating on the stock in a report on Wednesday, November 1st. Finally, Citigroup Inc. downgraded Archer-Daniels-Midland from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.25 to $45.00 in a report on Thursday, September 28th. 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 given a strong buy rating to the stock. Archer-Daniels-Midland presently has an average rating of “Hold” and a consensus target price of $42.22.
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