Oregon Public Employees Retirement Fund boosted its position in Archer Daniels Midland Co. (NYSE:ADM) by 133.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 493,317 shares of the company’s stock after buying an additional 282,285 shares during the period. Oregon Public Employees Retirement Fund owned 0.08% of Archer Daniels Midland worth $20,803,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. DNB Asset Management AS raised its stake in shares of Archer Daniels Midland by 4.1% in the second quarter. DNB Asset Management AS now owns 58,841 shares of the company’s stock worth $2,524,000 after buying an additional 2,300 shares during the last quarter. CenturyLink Investment Management Co raised its stake in shares of Archer Daniels Midland by 0.8% in the second quarter. CenturyLink Investment Management Co now owns 47,061 shares of the company’s stock worth $2,018,000 after buying an additional 389 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of Archer Daniels Midland during the second quarter worth approximately $203,000. Integrated Investment Consultants LLC raised its stake in shares of Archer Daniels Midland by 1.7% in the second quarter. Integrated Investment Consultants LLC now owns 14,737 shares of the company’s stock worth $632,000 after buying an additional 253 shares during the last quarter. Finally, Marshwinds Advisory Co. raised its stake in shares of Archer Daniels Midland by 4.7% in the second quarter. Marshwinds Advisory Co. now owns 14,401 shares of the company’s stock worth $618,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 73.53% of the company’s stock.

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

Archer Daniels Midland Co. (NYSE:ADM) traded up 0.37% during midday trading on Monday, reaching $43.65. The company’s stock had a trading volume of 2,727,715 shares. The firm has a 50 day moving average of $43.64 and a 200 day moving average of $42.67. Archer Daniels Midland Co. has a 52-week low of $29.86 and a 52-week high of $47.88. The firm has a market cap of $25.12 billion, a P/E ratio of 16.50 and a beta of 0.88.

Archer Daniels Midland (NYSE:ADM) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.13. Archer Daniels Midland had a return on equity of 6.79% and a net margin of 2.53%. The company earned $15.83 billion during the quarter, compared to the consensus estimate of $16.23 billion. During the same period last year, the company earned $0.60 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. Analysts anticipate that Archer Daniels Midland Co. will post $2.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.75%. Archer Daniels Midland’s dividend payout ratio (DPR) is 45.45%.

A number of brokerages recently commented on ADM. JPMorgan Chase & Co. lowered Archer Daniels Midland from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $42.00 to $36.00 in a research report on Friday, November 11th. Vetr upgraded Archer Daniels Midland from a “hold” rating to a “strong-buy” rating and set a $49.80 target price for the company in a research report on Tuesday, September 6th. Argus upgraded Archer Daniels Midland from a “hold” rating to a “buy” rating and boosted their target price for the stock from $43.93 to $54.00 in a research report on Thursday, August 4th. Finally, Macquarie boosted their target price on Archer Daniels Midland from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, August 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Archer Daniels Midland has an average rating of “Hold” and a consensus price target of $44.29.

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 transaction of $115,435.32. Following the completion of the transaction, the vice president now directly owns 36,880 shares in the company, valued at $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 stock was sold at an average price of $47.16, for a total value of $979,135.92. Following the transaction, the insider now owns 177,265 shares of the company’s stock, valued at $8,359,817.40. The disclosure for this sale can be found here. Insiders own 3.15% of the company’s stock.

Archer Daniels Midland Company Profile

5 Day Chart for NYSE:ADM

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