Archer Daniels Midland Co. (NYSE:ADM) announced a quarterly dividend on Wednesday, November 2nd. Shareholders of record on Wednesday, November 16th will be paid a dividend of 0.30 per share on Wednesday, December 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, November 14th.

Shares of Archer Daniels Midland (NYSE:ADM) opened at 41.73 on Friday. The firm has a market cap of $24.01 billion, a PE ratio of 15.77 and a beta of 0.88. Archer Daniels Midland has a 12 month low of $29.86 and a 12 month high of $47.88. The firm has a 50 day moving average price of $43.46 and a 200-day moving average price of $42.56.

Archer Daniels Midland (NYSE:ADM) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.13. The company had revenue of $15.83 billion for the quarter, compared to the consensus estimate of $16.23 billion. Archer Daniels Midland had a return on equity of 6.79% and a net margin of 2.53%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 EPS. On average, analysts predict that Archer Daniels Midland will post $2.29 EPS for the current fiscal year.

Dividend History for Archer Daniels Midland (NYSE:ADM)

In other news, VP John P. Stott sold 2,418 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $47.74, for a total value of $115,435.32. Following the completion of the transaction, the vice president now owns 36,880 shares in the company, valued at approximately $1,760,651.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ambrose Michael D sold 20,762 shares of the firm’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of $47.16, for a total value of $979,135.92. Following the completion of the transaction, the insider now owns 177,265 shares of the company’s stock, valued at approximately $8,359,817.40. The disclosure for this sale can be found here. 3.15% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. WFG Advisors LP boosted its position in shares of Archer Daniels Midland by 1.7% in the second quarter. WFG Advisors LP now owns 19,542 shares of the company’s stock valued at $838,000 after buying an additional 331 shares during the last quarter. Wetherby Asset Management Inc. increased its stake in shares of Archer Daniels Midland by 5.7% in the second quarter. Wetherby Asset Management Inc. now owns 7,820 shares of the company’s stock valued at $336,000 after buying an additional 423 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Archer Daniels Midland by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 11,730 shares of the company’s stock valued at $502,000 after buying an additional 440 shares during the period. Boyer & Corporon Wealth Management LLC increased its stake in shares of Archer Daniels Midland by 0.5% in the second quarter. Boyer & Corporon Wealth Management LLC now owns 98,990 shares of the company’s stock valued at $4,246,000 after buying an additional 469 shares during the period. Finally, Buckingham Capital Management Inc. increased its stake in shares of Archer Daniels Midland by 4.0% in the second quarter. Buckingham Capital Management Inc. now owns 17,990 shares of the company’s stock valued at $772,000 after buying an additional 685 shares during the period. Institutional investors own 72.65% of the company’s stock.

ADM has been the topic of a number of analyst reports. Argus raised Archer Daniels Midland from a “hold” rating to a “buy” rating and increased their price target for the company from $43.93 to $54.00 in a research note on Thursday, August 4th. Macquarie raised their price objective on Archer Daniels Midland from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, August 29th. Vetr raised Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 price objective on the stock in a research note on Tuesday, September 6th. Finally, JPMorgan Chase & Co. downgraded Archer Daniels Midland from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $42.00 to $36.00 in a research note on Friday. One analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Archer Daniels Midland currently has an average rating of “Hold” and a consensus price target of $44.71.

Archer Daniels Midland Company Profile

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