World Asset Management Inc Cuts Stock Position in Archer-Daniels-Midland Company (NYSE:ADM)

World Asset Management Inc reduced its position in shares of Archer-Daniels-Midland Company (NYSE:ADM) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 28,352 shares of the company’s stock after selling 1,092 shares during the quarter. World Asset Management Inc’s holdings in Archer-Daniels-Midland were worth $1,701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. West Oak Capital LLC boosted its stake in shares of Archer-Daniels-Midland by 56.9% in the 3rd quarter. West Oak Capital LLC now owns 455 shares of the company’s stock worth $27,000 after buying an additional 165 shares during the last quarter. Dividend Assets Capital LLC purchased a new position in shares of Archer-Daniels-Midland in the third quarter worth $28,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Archer-Daniels-Midland by 176.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 591 shares of the company’s stock valued at $36,000 after purchasing an additional 377 shares during the last quarter. Selective Wealth Management Inc. increased its position in Archer-Daniels-Midland by 333.3% in the third quarter. Selective Wealth Management Inc. now owns 650 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in shares of Archer-Daniels-Midland in the 3rd quarter valued at about $42,000. Institutional investors and hedge funds own 77.93% of the company’s stock.

In other news, SVP D Cameron Findlay sold 99,503 shares of the stock in a transaction that occurred on Monday, November 1st. The stock was sold at an average price of $63.73, for a total transaction of $6,341,326.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.30% of the company’s stock.

NYSE:ADM traded down $0.05 during mid-day trading on Friday, hitting $70.85. 4,653 shares of the company’s stock traded hands, compared to its average volume of 2,048,085. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.58. Archer-Daniels-Midland Company has a 1 year low of $49.28 and a 1 year high of $71.23. The company has a market cap of $39.64 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The firm’s 50 day simple moving average is $65.89 and its 200 day simple moving average is $62.72.

Archer-Daniels-Midland (NYSE:ADM) last issued its quarterly earnings results on Monday, October 25th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Archer-Daniels-Midland had a return on equity of 13.11% and a net margin of 3.26%. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $17.93 billion. During the same period last year, the company earned $0.89 EPS. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. On average, research analysts expect that Archer-Daniels-Midland Company will post 4.91 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 8th. Shareholders of record on Wednesday, November 17th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, November 16th. Archer-Daniels-Midland’s dividend payout ratio is presently 31.97%.

Several research analysts recently commented on ADM shares. Monness Crespi & Hardt raised their price target on shares of Archer-Daniels-Midland from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, October 27th. Stephens downgraded shares of Archer-Daniels-Midland from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $65.00 to $67.00 in a report on Tuesday, October 12th. JPMorgan Chase & Co. began coverage on Archer-Daniels-Midland in a report on Wednesday. They issued a “hold” rating and a $74.00 price objective on the stock. Morgan Stanley lifted their price objective on Archer-Daniels-Midland from $67.00 to $69.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, Argus increased their price target on shares of Archer-Daniels-Midland from $72.00 to $74.00 in a report on Monday, January 3rd. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Archer-Daniels-Midland has an average rating of “Hold” and a consensus price target of $68.92.

Archer-Daniels-Midland Company Profile

Archer-Daniels-Midland Co processes oilseeds, corn, wheat, cocoa and other agricultural commodities. The company operates through the following segments: Ag Services and Oilseeds, Carbohydrate Solutions and Nutrition. The Ag Services and Oilseeds segment includes activities related to the origination, merchandising, crushing, and further processing of oilseeds such as soybeans and soft seeds, such as cottonseed, sunflower seed, canola, rapeseed, and flaxseed into vegetable oils and protein meals.

See Also: Beta

Want to see what other hedge funds are holding ADM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Archer-Daniels-Midland Company (NYSE:ADM).

Institutional Ownership by Quarter for Archer-Daniels-Midland (NYSE:ADM)

Receive News & Ratings for Archer-Daniels-Midland Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archer-Daniels-Midland and related companies with MarketBeat.com's FREE daily email newsletter.