Dupont Capital Management Corp trimmed its holdings in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 93.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,794 shares of the company’s stock after selling 54,109 shares during the period. Dupont Capital Management Corp’s holdings in Archer-Daniels-Midland were worth $161,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Xact Kapitalforvaltning AB increased its position in shares of Archer-Daniels-Midland by 1.7% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 87,103 shares of the company’s stock worth $3,703,000 after purchasing an additional 1,423 shares in the last quarter. BlackRock Inc. increased its position in shares of Archer-Daniels-Midland by 6.0% during the 2nd quarter. BlackRock Inc. now owns 41,607,665 shares of the company’s stock worth $1,721,723,000 after purchasing an additional 2,359,196 shares in the last quarter. Renaissance Group LLC increased its position in shares of Archer-Daniels-Midland by 14.4% during the 2nd quarter. Renaissance Group LLC now owns 52,731 shares of the company’s stock worth $2,182,000 after purchasing an additional 6,618 shares in the last quarter. Homrich & Berg increased its position in shares of Archer-Daniels-Midland by 11.7% during the 2nd quarter. Homrich & Berg now owns 16,299 shares of the company’s stock worth $674,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Federated Investors Inc. PA increased its position in shares of Archer-Daniels-Midland by 526.7% during the 2nd quarter. Federated Investors Inc. PA now owns 109,145 shares of the company’s stock worth $4,517,000 after purchasing an additional 91,729 shares in the last quarter. 73.34% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on ADM. 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 Friday, August 25th. BidaskClub upgraded shares of Archer-Daniels-Midland from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 3rd. Credit Suisse Group set a $45.00 target price on shares of Archer-Daniels-Midland and gave the stock a “hold” rating in a research report on Tuesday, July 18th. TheStreet cut shares of Archer-Daniels-Midland from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Finally, BMO Capital Markets dropped their target price on shares of Archer-Daniels-Midland from $41.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $42.22.
Shares of Archer-Daniels-Midland Company (ADM) opened at $39.74 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 $22,330.87, a PE ratio of 16.85 and a beta of 1.11. Archer-Daniels-Midland Company has a 1 year low of $39.10 and a 1 year 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 the consensus estimate of $0.55 by ($0.10). The company 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 company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.59 EPS. equities research analysts forecast that Archer-Daniels-Midland Company will post 2.36 earnings per share 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 given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, November 15th. Archer-Daniels-Midland’s payout ratio is presently 59.81%.
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