Nisa Investment Advisors LLC boosted its position in Archer Daniels Midland Co. (NYSE:ADM) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 193,149 shares of the company’s stock after buying an additional 3,217 shares during the period. Nisa Investment Advisors LLC’s holdings in Archer Daniels Midland were worth $8,145,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in Archer Daniels Midland by 91.0% in the second quarter. Victory Capital Management Inc. now owns 2,544,338 shares of the company’s stock worth $109,126,000 after buying an additional 1,211,880 shares during the last quarter. Vicus Capital boosted its stake in shares of Archer Daniels Midland by 23.5% in the second quarter. Vicus Capital now owns 17,342 shares of the company’s stock worth $744,000 after buying an additional 3,304 shares during the period. Genesee Valley Trust Co. boosted its stake in shares of Archer Daniels Midland by 2.4% in the second quarter. Genesee Valley Trust Co. now owns 14,868 shares of the company’s stock worth $638,000 after buying an additional 349 shares during the period. British Columbia Investment Management Corp boosted its stake in shares of Archer Daniels Midland by 15.7% in the third quarter. British Columbia Investment Management Corp now owns 241,567 shares of the company’s stock worth $10,187,000 after buying an additional 32,869 shares during the period. Finally, Pitcairn Co. boosted its stake in shares of Archer Daniels Midland by 13.2% in the second quarter. Pitcairn Co. now owns 25,397 shares of the company’s stock worth $1,090,000 after buying an additional 2,963 shares during the period. 72.14% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Archer Daniels Midland Co. (NYSE:ADM) traded down 0.67% during mid-day trading on Tuesday, reaching $42.82. The company’s stock had a trading volume of 1,600,304 shares. The company’s 50 day moving average price is $43.74 and its 200-day moving average price is $42.95. Archer Daniels Midland Co. has a 1-year low of $29.86 and a 1-year high of $47.88. The company has a market capitalization of $24.64 billion, a price-to-earnings ratio of 16.18 and a beta of 0.88.

Archer Daniels Midland (NYSE:ADM) last posted its earnings results on Tuesday, November 1st. The company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $15.83 billion during the quarter, compared to the consensus estimate of $16.23 billion. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Analysts predict that Archer Daniels Midland Co. will post $2.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, November 14th. Archer Daniels Midland’s payout ratio is currently 45.45%.

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ADM has been the subject of a number of analyst reports. Vetr upgraded Archer Daniels Midland from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 26th. JPMorgan Chase & Co. cut Archer Daniels Midland from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $42.00 to $36.00 in a research note on Friday, November 11th. Argus upgraded 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. Finally, Macquarie increased their price target on Archer Daniels Midland from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Monday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $44.29.

In other Archer Daniels Midland news, VP John P. Stott sold 2,418 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now directly owns 36,880 shares of the company’s stock, valued at approximately $1,760,651.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ambrose Michael D sold 20,762 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $47.16, for a total value of $979,135.92. Following the sale, the insider now directly owns 177,265 shares of the company’s stock, valued at $8,359,817.40. The disclosure for this sale can be found here. 3.15% of the stock is owned by insiders.

Archer Daniels Midland Company Profile

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