Pillar Pacific Capital Management LLC trimmed its stake in shares of Archer Daniels Midland Co (NYSE:ADM) by 5.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,880 shares of the company’s stock after selling 575 shares during the quarter. Pillar Pacific Capital Management LLC’s holdings in Archer Daniels Midland were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. First Mercantile Trust Co. purchased a new position in shares of Archer Daniels Midland in the 3rd quarter valued at approximately $265,000. IFM Investors Pty Ltd lifted its stake in shares of Archer Daniels Midland by 55.8% in the 3rd quarter. IFM Investors Pty Ltd now owns 62,062 shares of the company’s stock valued at $2,549,000 after purchasing an additional 22,217 shares during the period. Wedge Capital Management L L P NC lifted its stake in shares of Archer Daniels Midland by 15.9% in the 3rd quarter. Wedge Capital Management L L P NC now owns 194,883 shares of the company’s stock valued at $8,004,000 after purchasing an additional 26,776 shares during the period. Sigma Planning Corp lifted its stake in shares of Archer Daniels Midland by 34.8% in the 3rd quarter. Sigma Planning Corp now owns 26,823 shares of the company’s stock valued at $1,102,000 after purchasing an additional 6,918 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Archer Daniels Midland by 1.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,626,484 shares of the company’s stock valued at $66,774,000 after purchasing an additional 26,399 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.
Shares of Archer Daniels Midland stock traded down $0.43 on Friday, reaching $43.11. The company’s stock had a trading volume of 163,183 shares, compared to its average volume of 2,655,650. The company has a market capitalization of $23.92 billion, a price-to-earnings ratio of 12.32 and a beta of 1.10. The firm’s fifty day simple moving average is $40.76 and its two-hundred day simple moving average is $40.38. Archer Daniels Midland Co has a 52 week low of $36.45 and a 52 week high of $48.99. The company has a quick ratio of 0.92, a current ratio of 1.60 and a debt-to-equity ratio of 0.40.
Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Archer Daniels Midland had a return on equity of 8.06% and a net margin of 1.85%. The business had revenue of $16.73 billion during the quarter, compared to analyst estimates of $16.18 billion. During the same quarter last year, the company earned $0.92 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts predict that Archer Daniels Midland Co will post 2.57 EPS for the current year.
The company also recently disclosed 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 annualized dividend and a dividend yield of 3.25%. Archer Daniels Midland’s payout ratio is currently 40.00%.
A number of research analysts have recently commented on the company. Stephens assumed coverage on Archer Daniels Midland in a research note on Monday, October 7th. They issued an “overweight” rating and a $50.00 target price for the company. Robert W. Baird set a $48.00 price objective on Archer Daniels Midland and gave the company a “buy” rating in a research note on Monday, August 26th. Credit Suisse Group lowered their price objective on Archer Daniels Midland from $42.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, October 17th. Barclays reiterated an “overweight” rating on shares of Archer Daniels Midland in a research note on Thursday, October 24th. Finally, Peel Hunt reiterated a “hold” rating on shares of Archer Daniels Midland in a research note on Tuesday, October 22nd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Archer Daniels Midland currently has an average rating of “Buy” and an average price target of $48.38.
Archer Daniels Midland Company 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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